Explore SBLI Life Insurance Products - Permanent Life Insurance
Permanent Life Insurance is available in amounts up to $5,000,000. Although the premium is higher than term, your premium remains level and does not increase with age. Your coverage continues for life and earns cash value and dividends (as earned) which can be used for any purpose such as retirement, education, etc.*
Two types of permanent life products are available:
- Basic Value - Lifetime coverage and cash value build up at out lowest cost.
- Basic Value Plus - Lifetime coverage with cash value build-up and dividend availability.
3 Plan Choices
- Straight Life Insurance - Issued through age 70. Straight Life is low cost, permanent insurance for those people who think they'll need life insurance for many years to come. Over time, Straight Life, with its tax-deferred cash value build-up, can be very economical for people with long term insurance needs. You decide how much coverage you need and what you can afford. Your death benefit will never decrease and your premium will never increase. The premium you pay in the first year is the same you pay during the entire period of coverage.
- 20 Payment Life Insurance - Issued through age 55. This plan provides the same permanent protection as Straight Life, but you pay a fixed premium for only 20 years. After that, the policy is paid-up and coverage will continue without additional premiums. Your premiums are slightly higher because of the shorter payment schedule, but you save money overall because you make premium payments for fewer years and build cash value faster.
- Life Paid-Up at Age 65 - Issued through age 55. An economical way to complete your premium payments before retirement. This plan builds a nest egg for you and your family while assuring you protection throughout your lifetime. You pay level premiums that end when you turn 65, but your coverage and cash values will continue for the rest of your life.
SuperTerm Life Insurance
Single Premium Children's Term Life Insurance
Permanent Life Insurance Coverage
Guaranteed Golden Life Insurance
Mortgage Life Insurance
EstateWise Single Premium Whole Life (SPWL)
*Insurance products offered by SBLI are not deposits, are not insured by the FDIC/NCUA or any other Federal Government Agency, and are not obligations of, nor guaranteed by any bank or credit union.
