SBLI: Accelerated Underwriting Maximum Increases to $750,000
Effective October 15, 2020, SBLI's unique Accelerated Underwriting (AU) process, which is guaranteed for anyone ages 18-60, increases its maximum face amount to $750,000 for all risk classes. The process continues to support all of SBLI's term and whole life insurance products and to provide expedited underwriting with no in-person contact.
The updated term rate bands are as follows and the policy fees remain the same within each of these bands:
- Band 1 - $100,000-$249,999
- Band 2 - $250,000-$499,999
- Band 3 - $500,000-$750,000
- Band 4 - $750,001-$999,999
- Band 5 - $1,000,000+
These updated rate bands will be available for quoting on SBLIAgent.com, iPipeline, Compulife, and VitalTerm on October 15, 2020.
All applications dated prior to October 15, 2020, will be processed as applied for, while applications on or after this date will be processed as per the new rate bands. Click here for more detailed transition rules.
We are here to help answer any questions you may have. Please give us a call at 1-800-792-6795