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Life Insurance

The ultimate expression of love for those left behind

Life insurance can be an effective way to protect your loved ones from financial loss following your death. In fact, it should be a part of everyone’s plan to secure peace of mind and a better future for those left behind.

At your death, your beneficiary will receive a lump-sum of money that can be used to pay for funeral, burial or other final expenses. It can also be used to cover any of your unpaid medical bills or other debts or financial obligations.

However, there is more than just debt and funerals to consider. For surviving loved ones, the life insurance benefit can also be used to meet financial needs like funding education for children or grandchildren, paying off a mortgage or to help care for dependents or loved ones with special needs. The possibilities are pretty much unlimited.


Policy Form Series LDB12SL, GBL13S, CTR12SLAX may not be available in all states. Face amounts vary by age.
Policy Form Series ART12SLAX and Riders CTR12SLAX, ABR14SLAX-CT, ABR14SLAX-CH, ABR14SLAX-TM may not be available in all states.

 

 

Frequently Asked Questions

  • What is Life Insurance and why do I need it?

    In many ways, life insurance is the ultimate act of caring because most people buy life insurance to make sure their loved ones won’t suffer financially in the event of their death. Life insurance can be used to pay final expenses, replace lost income, pay off debts and loans, help care for loved ones with special needs or even create an education fund for children or grandchildren. If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • What is the difference between Term Life and Whole Life Insurance?

    Term life insurance rates typically are less expensive than whole life insurance rates because this type of policy doesn’t build cash value. These plans are purchased for a predetermined period of time – like one, 10, 15, 20 or 30 years – and have only one function: upon your death, they pay the death benefit to your beneficiary usually income tax free.

    Whole life insurance, also known as permanent life insurance, is usually more expensive than term life because it not only pays the face amount at your death, it builds cash value. Unlike a death benefit only plan, you can have access to the cash value during your lifetime. If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • What are the advantages of Term Life Insurance?

    Because term life insurance is usually more affordable than whole life insurance, it can be a great option for younger people, anyone with a tight budget or those needing coverage only for a set period of time. For example, a person with a mortgage and children in college might want a plan until the mortgage is paid and the children have graduated. At that time, insurance needs may change.

    Many term policies have the option to be converted to whole life insurance at the end of the term. If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • What are the advantages of Whole Life Insurance?

    With whole life insurance, as long as you pay your premiums, you have protection for life and your policy cannot be cancelled. A portion of the premium you pay goes towards building cash value. Unlike term life insurance, you have a set premium rate that will never increase and, if necessary, you can have access to the cash value of your policy during your lifetime. Best of all, with a guaranteed death benefit, the amount your loved ones receive is the amount you intended.

    If you’d like to know more, a friendly Standard Life and Accident agent can help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • How do I know how much Life Insurance I need?

    Everyone’s insurance needs are different. The amount of life insurance you need depends on your particular situation and requires careful planning. For example, how much would it take to replace your lost income and for your family to maintain their standard of living? Do you have enough money on hand to cover your final expenses? Would your death leave your family burdened with debt? Are there mortgages or personal loans to consider?

    Click the Calculate Your Needs link on the right side of this page to get started and then contact a Standard Life and Accident agent to help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • Who can I name as beneficiaries?

    A beneficiary is the person, persons, or entity you designate to receive the policy proceeds upon death of the insured person. Virtually any person or legal entity can be named, so selecting your beneficiary and keeping your choice up to date is very important. If you need assistance with a beneficiary designation or change, contact a Standard Life and Accident agent to help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • Should a single person purchase Life Insurance?

    Because life insurance can help to prevent financial distress by paying benefits to those left behind almost everyone, including single people, can benefit from the right life insurance product.

    Younger singles can benefit by purchasing life insurance before age and certain health considerations become a factor in qualification. Singles with dependents could leave an inheritance or provide money for a college fund. Even if there is no one depending on you for financial support, life insurance can help ensure that you have enough money to pay outstanding debts, or pay for funeral and other final expenses so that your family would not be financially burdened.

    If you have more questions, contact a Standard Life and Accident agent to help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • What is a Rider?

    Riders provide additional benefits that can be added to a basic policy usually for an additional cost. Below is a list of riders that are most commonly available:

    Accelerated Death Benefit Rider. If you become terminally ill, you may be eligible to receive early payment of a portion of your death benefit.

    Accidental Death Benefit Rider. With this rider, your beneficiary will receive an additional death benefit if you die in an accident.

    Children’s Rider. With this rider, children are provided coverage under the parent’s policy up to a specified age - generally age 18. At this point, depending on your plan, the coverage can be converted to an individual policy for the child.

    Spousal Rider. Provides coverage for the insured’s spouse.

    Waiver of Premium and Disability Rider. If you become disabled and are unable to work, your premium would be waived and your policy would remain in force until you are able to return to work and resume premium payments.

    If you have more questions, contact a Standard Life and Accident agent to help answer your questions. Call 888.290.1085, Mon.-Fri., 8:00 a.m. to 4:30 p.m. CST.

  • How do I file a claim?

    To file a claim, contact the Life Claims Department at 800.615.7372.

    You will need the policy number and name of the deceased.

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