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Exclusions & Limitations.
Our modified whole life insurance plan can help pay the costs of a funeral and other . The plan offers three levels of coverage: $5,000, $7,000, or $10,000. As long as your premiums are paid, coverage can never be cancelled by the Company.
Guaranteed acceptance.
If you’re 45-75* years of age, your acceptance is guaranteed, regardless of your health or medical history. In order to guarantee your acceptance, there are limited benefits during the first two years:
For death due to natural causes
- The plan pays reduced benefits equal to 125% of the initial annual premiums paid for the first year and 150% in the second year
For suicide
- In AK, AZ, CA, CO, CT, DC, DE, HI, IA, IL, IN, MO, NE, NJ, NM, RI, TN, VA, WY (Certificate SLGBL1400GC): benefits are limited to a return of premiums paid without interest in the first year.
- In ID, KS, KY, LA, MD, ME, MI, NC, ND, NH, NV, OH, OK, SD, TX, UT, VT, WI (Policy SLGBL1400IP Series): benefits are limited to a return of premiums paid without interest in the first two years.
- After two years: the full amount will be paid
For death due to an accident
- There is no reduction in benefits. The entire face amount will be paid.
- You must die within 90 days of the accident causing the injury.
- Death caused by any of the following is not considered an accidental death and is specifically excluded:
- intentionally self-inflicted Injury, suicide or any attempt thereat while sane or insane;
- sickness or its medical or surgical treatment, including diagnosis (except bacterial or pyogenic infections which result from an Injury or the accidental ingestion of contaminated substances) or Mental Disease or Disorder;
- the Insured having a blood alcohol level of .10% (by weight or volume) or higher;
- the Insured’s taking or using any narcotic, barbiturate or any other drug or medication, unless taken or used as prescribed by a Physician;
- taking alcohol in combination with any drug, medication or sedative;
- any active participation in a riot, insurrection or war; either declared or undeclared;
- voluntary gas inhalation or poison voluntarily taken, administered or inhaled;
- committing or attempting to commit a felony or an assault or being engaged in an illegal activity; or
- the Insured operating or riding in any kind of aircraft, except as a fare-paying passenger on a regularly scheduled commercial flight.
To view important state exceptions, click here.
Build cash value over time.
Our modified whole life insurance plan builds cash value that you may borrow against or use however you wish. The longer your coverage is in force, the more cash value you accumulate.
Rates won’t increase as you get older.
The rate you pay is based on your age when coverage starts and will not increase as you get older. Rates can only be changed by class for everyone insured(except for MS, TX, UT).
Total of all policies limit.
Each insured may own up to a combined total of $25,000 of all policies of this type through Stonebridge Life.
Policy Form: SLGBL1400GC and SLGBL1400IP series. Not available in all states.
* Ages 45-80 in ID, KS, KY, LA, ME, MI, MS, NC, ND, NH, NV, OH, OK, SD, TX, UT, VT, WI and 55-80 in MD.
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