Exclusions & Limitations.
Our underwritten whole life insurance plan can help pay funeral costs and other (such as credit card or medical debt) and/or leave wealth to family members.
The only exception
Suicide, while sane or insane, within two years (one year for residents of Colorado and North Dakota) from the Policy Effective Date is a risk not assumed. In such
event, we will limit the amount payable to the total premiums paid less any loan on this Policy.
Coverage amounts from $10,000 up to $25,000.
You can choose the level of coverage that meets your needs: $10,000, $15,000, $20,000 or $25,000. You are covered for your entire life.
Builds cash value over time.
Our underwritten whole life insurance plan builds cash value that you may borrow against or use however you wish. The longer your coverage is in force, the more cash value you accumulate.
Rates won’t increase as you get older.
The rate you pay is based on your age when coverage starts and will not increase because of age.
Eligibility
If you’re 18-75 years of age, you are eligible to apply for coverage. Acceptance is based upon information you provide and if a medical exam is required it will be at your convenience and at our expense.
Automatic Permium Loan.
If a premium is not paid by the end of the Grace Period, we will pay it by a loan on the policy. The loan will be subject to the loan provisions of this policy. Loans will bear interest at the rate of 7.4% per year. You may select this option in the application or later by a written request. You may revoke this option by written request only.
NOTICE TO APPLICANT: YOUR PRIVACY IS PROTECTED
Information regarding your insurability will be treated as confidential. Stonebridge Life Insurance Company or its reinsurers may, however, make a brief report thereon to the MIB, Inc., formerly known as Medical Information Bureau,
a not-for-profit membership organization of insurance companies, which operates an information exchange on behalf of its members. If you apply to another MIB member company for life or health insurance coverage, or a claim for benefits is submitted to such a company, MIB, upon request, will supply such company with the information about you in its file.
Upon receipt of a request from you, MIB will arrange disclosure of any information in your file. Please contact MIB at 866-692-6901 (TTY 866 346-3642). If you question the accuracy of the information in MIB’s file, you may contact MIB and seek a correction in accordance with the procedures set forth in the federal Fair Credit Reporting Act. The address of MIB’s information office is 50 Braintree Hill Park, Suite 400, Braintree, Massachusetts 02184-8734.
Stonebridge Life Insurance Company, or its reinsurers, may also release information from its file to other insurance companies to whom you may apply for life and health insurance, or to whom claim for benefits may be submitted.
Information for consumers about MIB may be obtained on its website at www.mib.com.
Upon written request to Stonebridge Life Insurance Company, you may have access to the information about you in your file. If after reading the information in your file, you believe it is inaccurate, you should notify us, indicating what you believe is inaccurate and why. We will tell you at that time how to correct or amend your file and when information may be disclosed to others without your consent.
Also as a part of our normal procedure for processing your application, an investigative consumer report or other consumer report may be prepared. In an investigative consumer report, information is obtained through personal interviews with your neighbors, friends, or others with whom you are acquainted. This inquiry, if obtained, typically includes information as to your character, general reputation, and mode of living. You may make a written request within a reasonable period of time for additional information about the nature and scope of this investigation. If you ask, you may be interviewed by the agency preparing your report. Information you give to the agency will be included in the report sent to us. If you wish to be interviewed, please tell us how the consumer reporting agency can reach you. Every effort will be made by the consumer reporting agency to interview you. You may ask to receive a copy of the report at anytime. Please direct any request for information to our Underwriting Department.
THIS NOTICE IS TO BE READ BY THE APPLICANT FOR INSURANCE
Policy Form: D546 series. Not available in all states.