Boston mutual life insurance
1. The Company
Boston Mutual Life Insurance Company has a proud history of solid financial performance and was founded in 1891.
2. The Products
Boston Mutual is dedicated to maintaining high quality products. This is done by providing innovative benefits which are specially designed to meet the clients' cost objectives and their employees' needs.
3. Service offering
Boston Mutual has a commitment to service. In all sales divisions, the plans come with the support of a team of sales and services representatives. The participating Ordinary Life Insurance policy gives life insurance protection for the lifetime of the insured. Level premiums are payable to age 100. The LifePlus Accumulator policy is an Interest Sensitive Endowment at 95 Life Insurance contract and premiums are guaranteed and level and cash values are credited with current interest. The minimum issue $25,000.
The Annual Renewable Term Insurance policy offers term insurance protection which can be renewed annually without evidence of insurability until age 80. Premiums increase each year, based on the attained age of the insured. However, it will never be more than the guaranteed premiums stated in the policy. Some conversion credits are allowed during the first six policy years.
A 15, 20 or 30 year competitively priced Decreasing Term Insurance product designed for today's mortgage holder. They offer flexibility to choose from three amortization schedules. It also offers decreasing term protection at level premiums. About 80% of the in-force face amount is convertible up to the conversion date. Along with the combined Disability Income Rider, the Decreasing Term insurance policy makes an excellent mortgage protection package. In many states, it also available with a loss of employment benefit.
The Level Term Insurance to Age 65 policy offers term insurance protection to age 65 of the insured. Guaranteed premiums are l payable to age 65 of the insured. The full face amount is convertible up to age of 60.
Short Term Accident & Sickness or Accident Only coverage. This is a Non-cancelable and guaranteed renewable on a 30 month maximum benefit. There are three occupational classes.
The Extra Protection (XP) Rider is a level term benefit that compliments our participating Ordinary Life with three (3) levels; 15-, 20- and 30-year periods. The XP Rider can increase your basic coverage up to 10 times. This is with a minimum face amount requirement of $50,000. Basic policy must be a minimum of at least $5,000. Premiums are priced to remain at level. However, they are only guaranteed for the first year. This rider could be converted to a whole life plan during the first half of the term period.
Security Plus is life insurance which has living benefits. The living benefits are made available by the inclusion of a Critical Illness Rider. This also provides a lump sum upon the diagnosis of one of a number of critical illnesses. This includes Heart Attack, Cancer, Stroke, Renal Failure, Blindness and/or Deafness. Some major Organ Transplants are also covered.
Purchaser Insurance Rider
This offers a waiver of premium benefit for the insured. This will happen if the purchaser of the policy dies or becomes permanently and totally disabled. The purchaser is the policy owner and the individual who pays the premiums. The insured is another adult, foe example, the purchaser's spouse.
Spouse Insurance Rider
This policy offers the policy owner with an option to purchase insurance on the life of his/her spouse. This is also without evidence of insurability. The spouse must be a standard risk at the time of issue of this rider. This must be named on schedule page of the base policy.
Disability Income Rider
This offers a monthly disability income benefit. This happens if the insured becomes permanently and totally disabled. This is also available with most Term and Permanent insurance plans. You can get a maximum benefit period of 72 months.
Children's Insurance Agreement
This offers term insurance protection on the life of each eligible child of the primary insured adult. This is for child's whose age is 15 days to 25 years old. The amount comes up to $15,000 per child. This insurance is also convertible between the ages of 21 and 25 to a cash value policy. This can be done without evidence of insurability.
Insured / 2nd Insured Level Term to 65 Rider
This policy offers a term insurance benefit to age 65 of the insured or second insured. Until age 60, this rider is guaranteed convertible. This is done without evidence of insurability to any permanent policy available at the time of conversion. In the same underwriting classification as the base policy to which this rider is attached.
Accelerated Benefit Option Rider
Due to a terminal illness, this rider allows receipt of up to 50% of policy proceeds. This would otherwise not be available until death.
Transfer Option (Rider Series TR - OP / 85)
This offers flexibility at no cost. The transfer option also allows an original date policy exchange between the insured and a new insured. For this evidence of insurability has to be provided.
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