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Savings Bank
Life Insurance
Co of Mass -
Guaranteed Level
Premium Term
Product Features
|
State Approvals |
Only available
in CA, CT, DC,
DE, MA, MD, ME,
NH, NJ, NC, PA,
RI, TN, VA, VT |
|
Type |
Guaranteed level
for the entire
term period 10,
15, 20, 25, or
30 years |
|
Conversion
Options |
Convertible to
age 65. However,
policies issued
after age 60
will be eligible
for conversion
for 5 policy
years. |
|
Issue Ages |
Age Nearest
Birthday
10 Year: 20-74
(70 for Tobacco
Users)
15 Year: 20-65
(60 for Tobacco
Users)
20 Year: 20-60
(55 for Tobacco
Users)
25 Year: 20-55
(50 for Tobacco
Users)
30 Year: 20-50
(45 for Tobacco
Users) |
Face Amounts
Min/Max |
$100,000-$249,999
$250,000-$500,000
$1,000,000-$10,000,000 |
|
Modal Factors |
Semi-annual =
.51
Quarterly = .26
Monthly = .087
|
|
Policy Fee |
$60 |
Special Product
Features |
Child Rider
$5,000 Min. -
$10,000 Max.
Waiver of
Premium
Available to age
55 |
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Savings Bank
Life Insurance
Co of Mass -
Guaranteed Level
Premium Term
Underwriting
Guidelines
|
|
Classes |
Preferred Plus
Non-Nicotine
Preferred
Non-Nicotine
Select
Non-Nicotine
Standard
Non-Nicotine
Preferred
Nicotine
Standard
Nicotine
|
|
Re-entry |
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Tobacco
Definition |
Preferred
Plus
Non-Nicotine:
No nicotine for
5 years
Preferred
Non-Nicotine:
No nicotine for
3 years
Select
Non-Nicotine:
No nicotine for
2 years
Standard
Non-Nicotine:
No nicotine for
2 years
Preferred
Nicotine:
Not exceeding
one pack per day
and no use of
other nicotine
products
Standard
Nicotine:
Tobacco use
exceeding one
pack per day
|
Special
Underwriting
Features |
Preferred
Plus
Non-Nicotine
Nicotine:
No nicotine for
5 years
Blood
Pressure: No
treatment, past
or present
130/80 up to age
49
135/85 age 50
and over
Cholesterol:
No history or
current
treatment
Maximum-225
CHL/HDL
Ratio:
Maximum 4.5
Cholesterol:
If taking
cholesterol
lowering
medication, with
no adverse side
effects, for
at least 12
consecutive
months,
applicant may
qualify for
Preferred Plus
Non-nicotine
rates. To
qualify for
these rates,
proposed insured
must not have
total
cholesterol
exceeding 200
and the
cholesterol/HDL
ratio cannot
exceed 4.0 on
laboratory
results from the
insurance exam.
This compares
with
untreated
cholesterol
markers of 225
and 4.5
respectively for
Preferred Plus
Non-Nicotine.
The Underwriting
Department
suggests that if
you have a
client who is
taking a
cholesterol
lowering
medication, you
should quote
BOTH Preferred
Plus
Non-Nicotine and
Preferred
Non-Nicotine
premium rates.
Blood
Profile/HOS:
All values
within normal
range
Family
History: No
CVD, diabetes or
cancer in parent
or sibling prior
to age 60
Driving
Records: No
more than one
DUI, none in the
last 7 years; No
reckless driving
in last 7 years;
No more than one
MV in last 3
years: No
license
suspension
within the last
3 years
Alcohol/Substance
Abuse: No
history of or
treatment for
alcohol or drugs
Personal
History: No
personal history
of cancer, CVD
or diabetes
mellitus
Residence:
US resident for
last 3 years and
US citizen or
permanent Visa
or Green Card;
No intention to
travel to LDC
Occupation/Avocation:
No hazardous
occupation/avocations;
Private pilot ok
with exlusion;
Active military
not accepted;
Scuba diving
less than 30
feet
Preferred
Non-Nicotine
Nicotine:
No nicotine 3
years
Blood
Pressure:
Currently
controlled by
meds
135/85 up to age
49
140/90 age 50
and over
Cholesterol:
Current tx (>1
yr)/hx
acceptable
Maximum-250
CHL/HDL
Ratio:
Maximum 5.5
Blood
Profile/HOS:
All values
within normal
range
Family
History: No
death in parent
or sibling prior
to age 60 due to
CVD or CA
Driving
Records: No
more than 1 DUI,
none last 5
years; No
reckless in last
5 years; No more
than 2 MV in
last 3 yrs; No
license
suspension
within last 3
yrs
Alcohol/Substance
Abuse: No
history or
treatment for
alcohol/drugs
last 10 yrs
Personal
History: No
personal hx of
cancer, CVD or
diabetes
mellitus
Residence:US
resident for
last 3 years and
US citizen or
permanent Visa
or Green Card;
No intention to
travel to LDC
Occupation/Avocation:
No hazardous
occupations/avocations;
Private pilot ok
with exclusion;
Active military
considered if
stationed in US
and
non-hazardous
occupation;
Scuba diving <50
ft ok
Select
Non-Nicotine
Nicotine:
No nicotine for
2 years
Blood
Pressure:
Currently
controlled by
meds
140/90 up to age
49
145/90 age 50
and over
Cholesterol:
Current
treatment/hx
acceptable range
for class
Maximum-275
CHL/HDL
Ratio:
Maximum 6.5
Blood
Profile/HOS:
Values within
acceptable range
for class
Family
History: Not
more than one
CVD or CA death
in parents prior
to age 60
Driving
Records: No
DUI in last 5
years; No more
than 2 MV in
last 3 yrs
Alcohol/Substance
Abuse: No
history or
treatment for
alcohol/drugs
last 10 yrs
Personal
History: No
personal hx of
cancer, CVD
Residence:
US resident for
last 3 years and
US citizen or
permanent Visa
or Green Card;
Flat extra for
travel to LDC
Occupation/Avocation:
Hazardous
occupation/
avocation
subject to
rating; Flat
extra or
exclusion for
private pilot;
Active military
considered if
stationed in US
and
non-hazardous
occupation;
Scuba diving
<75ft ok, >75ft
flat extra
Standard
Non-Nicotine
Nicotine:
No nicotine 2
years
Blood
Pressure:
Currently
controlled by
meds
Insurability and
ratings depend
on actual B/P
and other
medical
conditions
Cholesterol:
Current treat/hx
acceptable
Maximum-300
CHL/HDL
Ratio:
Maximum 7.5
Blood
Profile/HOS:
Values within
acceptable range
for class
Family
History:
More than 1 CVD
death in parents
prior to age 60
Individual
Consideration
Driving
History: DUI
within 12
months-no offer;
DUI 1 to 5
yrs-flat extra;
No more that 3
MV in last 3 yrs
Alcohol/Substance
Abuse: No
history or
treatment for
alcohol/drugs
last 7 years
Personal
History:
Need specifics
on any cancer or
CVD; May require
rating
Residence:
US Resident for
2 years; US
citizen or
permanent Visa
or Green Card;
Flat extra for
travel to LDC
Occupation/Avocation:
Hazardous
occupation/
avocation
subject to
rating; Flat
extra or
exclusion for
private pilot;
Active military
considered if
stationed in US
and
non-hazardous
occupation;
Scuba diving
<100ft ok,
>100ft flat
extra
Preferred
Nicotine
Nicotine:
Not exceeding
one pack per day
and no use of
other nicotine
products
Blood
Pressure:
Currently
controlled by
meds
135/85 up to age
49
140/90 age 50
and over
Cholesterol:
Current treat
(>1yr)/hx
acceptable
Maximum 250
CHL/HDL
Ratio:
Maximum 5.5
Blood
Profile/HOS:
All values
within normal
range
Family
History: No
death in parent
or sibling prior
to age 60 due to
CVD or CA
Driving
Record: No
more than 1 DUI,
none last 5
years; No
reckless in last
5 years; No more
than 2 MV in
last 3 yrs; No
license
suspension
within last 3
yrs
Alcohol/Substance
Abuse: No
history or
treatment for
alcohol/drugs
last 10 years
Personal
History: No
personal hx of
cancer, CVD or
diabetes
mellitus
Residence:
US resident for
last 3 years and
US citizen or
permanent Visa
or Green Card;
No intention to
travel to LDC
Occupation/Avocation:
No hazardous
occupations/avocations;
Private pilot ok
with exclusion;
Active military
considered if
stationed in US
and
non-hazardous
occupation;
Scuba diving <50
ft ok
Standard
Nicotine
Nicotine:
Tobacco use
exceeding 1 pack
per day
Blood
Pressure:
Currently
controlled by
meds;
Insurability and
ratings depend
on actual B/P
and other
medical
conditions
Cholesterol:
Current treat/hx
acceptable;
Maximum 300
CHL/HDL
Ratio:
Maximum 7.5
Blood
Profile/HOS:
Values within
acceptable range
for class
Family
History:
More than 1 CVD
death in parents
prior to age 60
Individual
Consideration
Driving
Records: DUI
within 12
months-no offer;
DUI 1 to 5
yrs-flat extra;
No more that 3
MV in last 3 yrs
Alcohol/Substance
Abuse: No
history or
treatment of
alcohol or drug
abuse in last 7
years
Personal
History:Need
specifics on any
cancer or CVD/may
require rating
Residence:US
Resident for
last 2 years and
US citizen or
permanent Visa
or Green Card;
Flat extra for
travel to LDC
Occupation/Avocation:
Hazardous
occupation/avocation
subject to
rating; Flat
extra or
exclusion for
private pilot;
Active military
considered if
stationed in US
and
non-hazardous
occupation;
Scuba diving <75
ft ok, >75 ft
flat extra
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TermLifeAmerica.com-
Lewis Fink is licensed as an
insurance agent offering Life
Insurance in the following states:
Alabama - AL,
Arkansas - AR,
California - CA,
Colorado - CO,
Connecticut - CT,
Delaware - DE,
District
of Columbia - DC,
Florida - FL,
Georgia - GA,
Idaho - ID,
Illinois - IL,
Indiana - IN,
Iowa - IA,
Kansas - KS,
Kentucky - KY,
Louisiana - LA,
Maine - ME,
Maryland - MD,
Massachusetts - MA,
Michigan - MI,
Mississippi - MS,
Missouri - MO,
Montana - MT,
Nebraska - NE,
New Mexico - NM,
New Jersey - NJ,
New York - NY,
North Carolina - NC,
North Dakota - ND,
Ohio - OH,
Oklahoma - OK,
Pennsylvania - PA,
Rhode Island - RI,
South Carolina - SC,
South Dakota - SD,
Tennessee - TN,
Texas - TX,
Utah - UT,
Vermont - VT,
Virginia - VA, and
Wisconsin - WI.
Not all insurance products from all insurance companies are available in
all states.
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