Life Insurance
Term life and whole life.

 

 

From family protection and final expenses to wealth transfer.

Standard Life provides two types of life insurance: LifeGuard 10 Term Life, which provides protection for a 10-year period, during which premiums stay the same, and Whole Life, that provides coverage through retirement with premiums and benefits that don’t change with age. Whole Life can also build cash value that employees can access to help cover key life events such as mortgage costs, a child’s education expenses, retirement income, and more. The Secure Advantage Whole Life plan helpa you protect your loved ones from the worry and financial burden of paying your final expenses. 


 

LIFE INSURANCE STATISTICS

227.1%

From December 1986 to September 2017, funeral expenses rose 227.1 percent, while prices for all items rose 123.4 percent.1

$7,360

The national median cost of a funeral with viewing and burial in 2016 was $7,360.1

$61,554

In 2016, nearly 3 out of 4 consumers, 73% died with significant outstanding debt. The average total balance of their debt was $61,554, including mortgage debt. Without home loans, the average balance was $12,875.2

Whole Life

This is permanent coverage at a guaranteed, permanently level premium. Premiums are guaranteed for life, and cannot be raised for any reason. Your policy also gains cash value from which you can borrow at any time. Issued up to age 85.

Term Life

LifeGuard 10 from Standard Life is a 10-year Renewable and Convertible Term Life policy with guaranteed premiums, combined with an Accelerated Living Benefits rider covering heart attack, cancer, stroke, and bypass surgery, along with an Accidental Death, Dismemberment, and Common Carrier Accident Rider.

 

Final Expense

The Senior Security plan is designed to help you protect loved ones from the worry and financial burden of paying your final expenses. An immediate death benefit whole life policy which provides up to $50,000 in coverage. Rates and cash values are guaranteed. Regardless of changes in interest rates or any other factors, your death benefit, premium rates and cash values will never change.

 

 

1U.S. Bureau of Labor Statistics; 2December 2016 data provided to Credit.com by credit bureau Experian