Level Term Life Insurance
Does your family have adequate financial resources to comfortably go on without you? The everyday and immediate final expenses will add up quickly.
Level Term Life Insurance is affordable life insurance for the first-time buyer or someone who wants to supplement their existing coverage.
This Level Term Life Insurance plan provides the following features:
- Higher levels of coverage for lower premiums, especially at a younger age when the need for protection is greater.
- Level death benefits, which mean benefits will not decrease with time.
- Premiums are also level, so they will not increase for up to two consecutive 10-year periods, depending on your age and the amount of coverage you choose. After the two consecutive 10-year periods, premiums will increase annually.
- Family coverage available through non-convertible spouse or child term riders or an individual spouse policy.
- Accelerated death benefit, which provides you the option to receive a percentage of the face value if you are diagnosed with a terminal illness. Receipt of the accelerated death benefits may be taxable and may affect eligibility for public assistance programs.
- Immediate cash payment is made to your beneficiary to help pay expenses until the claim on your policy is processed.
- Coverage is portable so if you change jobs or retire, you can take this coverage with you.
- Guaranteed renewable to age 80 as long as premiums are paid when due, and you can pay your premium with convenient payroll deduction.
Products are underwritten by The Paul Revere Life Insurance Company.
Applicable to forms 10/10/YRT-NY, 10/10/YRTU-NY, 10/YRT-NY, STR-20-NY, STR-10-NY, CTR10/10/YRT-NY, AND ADB10/10/YRT-NY.
Optional riders are available at an additional cost.
Policies are guaranteed renewable, as defined by the policy, as long as premiums are paid when due or within the grace period.
Policies have exclusions and limitations that may affect benefits payable. For cost and complete details, please see your benefits representative.
