|  |  | | | | | Enjoy your golden years with the peace of mind and financial protection that only life insurance can provide. Read below for commonly asked questions about SBLI USA's life insurance products designed especially for people 55 and over. | | | | | Why do the elderly need life insurance? | | When you are over age 55, there are plenty of reasons to purchase life insurance:
- To preserve the resources upon which you and your loved ones now rely
- To ensure financial protection for your spouse
- To leave a financial gift to children and grandchildren
- To cover your final expenses
- To leave a bequest to a charity
Do you have life insurance options for the elderly?
SBLI USA offers a life insurance product for men and women aged 55 to 75. It's called SeniorLife, and it features lifetime coverage, level premiums, cash value, and guaranteed acceptance. If you're between the ages of 55 and 75, you can't be turned down for coverage for any reason.
Does SeniorLife require a medical exam?
SeniorLife is a life insurance policy that requires no medical exam, tests or health questions.
Does the SBLI USA SeniorLife policy build tax-deferred cash value?
Yes, SeniorLife is a Whole Life insurance policy for the elderly that builds tax-deferred cash value, that can be borrowed against for any reason.**
Who could benefit from SeniorLife insurance?
SeniorLife is a life insurance product created for the needs of the elderly. It is a common option chosen by individuals aged 55 -- 75 who:
- Are planning their estate
- Just retired
- Recently lost a loved one
- Have adult children who need continued financial assistance
- Are raising their grandchildren
- Are no longer covered by an employee-sponsored life insurance plan
Besides SeniorLife are there any other life insurance options for the elderly?
Two of SBLI USA's other popular life insurance choices for seniors are:
Single Premium Whole Life Policy. This policy is available to anyone 70 years or younger. Single Premium Whole Life gives you a lifetime of coverage with only one single payment (policy matures at age 100).
SmartLife. This is a Whole Life insurance policy that requires a simple application and generally no medical exam is required.*
Depending on your age, needs, health and budget, additional life insurance options may be available. To find out which life insurance product may be best for you, browse our Products section, fill out the simple How To Choose online form, or call a friendly and knowledgeable Sales Advisors.
I am not quite ready to apply yet. Does SBLI USA offer free life insurance quotes?
Yes. SBLI USA's free life insurance quote gives you an estimate on costs and is based on your answers to a few simple questions. To speak with someone in person, contact a friendly Sales Advisor. Your actual rates my differ based on medical information obtained during underwriting.
I am interested in purchasing SeniorLife insurance. What is the first step?
SBLI USA makes buying life insurance for the elderly simple and quick. The fastest and easiest way to get started is to call one of our Sales Advisor toll free at 1-866-SUSA-WEB. They will help determine what type of senior life insurance policy and coverage will work best for you and your family. You can also fill out our convenient Help Me Choose form. If you already know what type of life insurance you want to buy, fill out our Quotes form. You're never too old to make smart financial decisions! | | | | Back | | | **Loans against the policy will reduce the death benefit amount by the sum owed.
Not all products available in all states.
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