|  |  | | | | | What is Renewable Term Life Insurance and how can it benefit you? Read below for a list of commonly asked questions. | | | | | What is Term Life insurance? | | Term Life insurance tends to be one of the more cost-effective forms of life insurance. Term Life insurance offers the flexibility of level payment options for up to thirty years, and the ability to convert your coverage to an eligible Whole Life policy at any time without having to answer any additional medical questions.
What does "Renewable" Term Life insurance mean?
With many SBLI USA Term Renewable Term Life insurance options, you can renew your policy at the end of the term without having to answer any health questions or take a medical exam. There is an age limit on renewability, which varies according to the policy. Visit our Products section for more information.
What are the coverage amounts for a renewable Term Life insurance policy?
SBLI USA's Renewable Term Life Insurance coverage amounts are available from $100,000 to $1,000,000 and more.*
Why should I get Renewable Term Life insurance?
If you have dependents, Renewable Term Life insurance can help protect them financially in the case of your death. Renewable Term Life insurance coverage will assist your survivors in maintaining their standard of living, paying their mortgage, financing college, building a nest egg, etc. Renewable Term Life insurance helps provide security on a limited budget.
What type of person could best benefit from Renewable Term Life Insurance?
The type of life insurance that is best for you and your family is determined by your goals, budget and life stage. Renewable Term Life insurance is particularly useful in the early stages of life when people have many obligations and few assets. Browse through our Plan Your Life section for more information on how specific life events can affect your life insurance choice.
Of course, the fastest and easiest way to determine what life insurance policy matches your needs, is to call one of our Sales Advisors toll free at 1-866-SUSA-WEB. They will give you friendly, honest suggestions on how to make the right life insurance choice. You can also fill out the convenient Help Me Choose form.
What types of Renewable Term Life insurance policies do you offer?
SBLI USA offers a variety of Renewable Term Life insurance products for value-conscious consumers from all stages of life.
1-Year Renewable and Convertible Term
10-Year Renewable and Convertible Term
15-Year Renewable and Convertible Term
20-Year Renewable and Convertible Term
30-Year Renewable and Convertible Term
To learn more, visit our product page. Already know what product you want? Call a Sales Advisor or request a Renewable Term Life insurance quote online. Just answer a few questions and you'll be on your way to securing you and your family's financial future. | | | | Back | | | | *Subject to underwriting requirements and reinsurance availability. | | | |
| |
|
