SBLI of Massachusetts, a life insurance products provider, has rolled out six whole life products and eight riders, with an aim to better meet customers’ insurance needs.
The insurance policies are available in various payment options, including continuous pay, single premium, 10, 15, and 20 payments, and can be paid-up at age 65 years.
Featuring robust guaranteed cash values as well as high current cash values in the first 15 years of coverage, each product will participate in SBLI's dividends, and the company's best rate class is available for policies with lowest face values at $100,000.
The company said that the customers qualifying for SBLI's standard rate class can avail policies with face amounts as low as $25,000.
With every SBLI whole life product, an accelerated death benefit rider is included at no premium charge.
Other riders are available as value-added services, such as waiver of premium, children's level term, single-pay paid-up additions, accidental death benefit, flex-pay paid-up additions, guaranteed level term, and guaranteed purchase option.
SBLI senior vice president and chief distribution officer Denis Clifford said that the new whole life products and riders provide dividend integrity and the combination of guaranteed cash values and death benefits.
Founded in Massachusetts in 1907, SBLI is currently licensed to operate in 49 states and the District of Columbia.
