Protect your income. Protect your family.

Let’s say you are 35 and purchase a 30-year policy (coverage until you reach 65) that pays out $2,500 per month. If you die five years later at age 40, your family would receive $2,500 per month for 25 years ($750,000 total payments). Your beneficiary is guaranteed a minimum five-year payout. So in this example, if you die at age 62, your family would receive $2,500 per month for five years ($150,000 total). The monthly benefit will never change. The total benefit will depend on when the payouts begin.

US citizens and permanent legal residents ages 20-55 are eligible to apply. Most applicants will be accepted, but some may not meet underwriting requirements.

Duration options are 10, 15, 20, 25 and 30 years or until age 65. However, coverage cannot be offered beyond age 65. In other words, someone age 40 can have a maximum of 25 years of coverage.

When deciding on the term or duration of the policy, some factors to consider are: your age - the policy can cover you until you reach age 65; the ages of your children - how long you need to support them; if you have a mortgage - how many years remain on your mortgage. Many customers choose to protect their income until age 65 (around their retirement), to match the duration to their mortgage, or to some other milestone of financial protection for their family and dependents.

Coverage amounts range from a minimum of $500 a month to a maximum of $10,000 a month (for those who qualify). Coverage is capped by either your monthly income, or your age maximums per the two tables below:

Annual coverage (12 monthly payments) is capped at a percentage of your gross income, as follows:

• To age 30: Capped at 150%
• Ages 31-40: Capped at 125%
• Age 41 +: Capped at 100%

Coverage is capped by your age and the duration of your policy, see the table below:

	Applicant Age(s)
Coverage Period	20-34	35-39	40-43	44	45-49	50	50-51	52-55
To Age 65		$5,000	$6,000	$7,000	$7,000	$7,000	$7,000	$7,099
30-yr term	$5,000
25-yr term	$6,000	$6,000
20-yr term	$7,000	$7,000	$7,000	$7,000
15-yr term	$9,000	$9,000	$9,000	$9,000	$8,500	$7,000
10-yr term	$10,000	$10,000	$10,000	$10,000	$10,000	$7,099	$7,099	$7,099

 

This policy is designed to provide your family with a monthly payment, so it depends on your family’s needs. If you are looking to replace your family’s lost income, then you might consider covering an amount equal to your after-tax monthly income (as life insurance proceeds are typically tax free). If you are purchasing this to protect your family’s ability to stay in your home, you might consider covering your entire monthly mortgage payment (which includes principal, interest, taxes, and home insurance).

Pricing varies upon coverage amount, duration of policy and underwriting results. Getting a quote takes less than a minute. Two examples (your cost may differ):

• A male age 30 could ensure monthly payouts of $2,500 for 30 years (starting coverage of $900,000) for as little as $39 per month
• A female age 45 could ensure monthly payouts of $3,000 for 20 years (starting coverage of $720,000) for as little as $42 per month

You apply for this policy completely online. No medical exam needed. You can have an approval in minutes and your policy is delivered digitally.