What you need to know about life insurance
A basic guide to life insurance types, coverage and quotes.
1Policy Form Series B-56. 2Policy Form Series B-52 & B-54. 3This is designed to provide general information on the subject covered. Pursuant to IRS Circular 230, it is not intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market or recommend any tax plan or arrangement. You are encouraged to consult your personal tax advisor or attorney. 4Loans will reduce your cash value and death benefit and may be subject to a surrender charge. Unpaid loans are subject to ordinary income tax and, if taken prior to age 59 1/2, a 10% federal tax penalty. 5More than half of all SBLI guaranteed level premium term life insurance applications, completed using our Accelerated Underwriting process, are issued in 15 days or less. According to the LOMA (Life Office Management Association) 2013 Individual Life STTA Report, the national average to issue a term life insurance policy is 30.1 days. 6Rider Form Series BC-40.1.