Exclusions & Limitations.
Once approved, and as long as your premiums are paid, you can be covered for the full benefit amount up to age 70, at which time the term life plan ends.
The only exception.
For suicide during the first two years (one year in CO & ND), benefits are limited to a return of premiums paid without interest. (In the states of AZ, CA, CO, CT, DC, DE, IA, IL, IN, KY, MO, NE, NJ, NM, PA, RI, TN, VA: suicide is no defense to payment of benefits unless we show that you intended suicide when you applied for coverage.)
Rate change provision.
Rates increase upon entry into each five-year age band. Rates within each age band can be changed only if they are changed by class for all persons insured. However, your rates will never exceed the guaranteed maximum premiums shown on your policy. (In the states of AZ, CA, CO, CT, DC, DE, IA, IL, IN, KY, MO, NE, NJ, NM, PA, RI, TN, VA: rates increase upon entry into each five-year age band. Rates within each age band can be changed only if they are changed by class for all persons insured under the .)
Converting to whole life.
You can elect on or before age 70 to convert your term life coverage to a whole life insurance plan for protection that lasts as long as you live. Your new premium is based on your age and class at the time you convert.
NOTICE TO APPLICANT: YOUR PRIVACY IS PROTECTED
In order to evaluate your application for insurance, Stonebridge Life Insurance Company or its reinsurers may ask for medical or other personal information about you and any other person to be insured from medical professionals, or the MIB Information we collect about you will not be given to anyone without your consent, except when necessary to conduct our business. A brief report may be made to the MIB, a non-profit membership organization of life insurance companies, which operates an information exchange on behalf of its members. If you apply to another Bureau member company for life or health insurance, or a claim is submitted to such a company, the Bureau will, upon request, supply such company with information in its file. Stonebridge Life or its reinsurers may also release information in its file to other life insurance companies to whom you may apply for insurance, or to affiliated companies, or to whom a claim for benefits may be submitted.
(No information collected concerning the sexual orientation of the proposed insured will be used to determine his or her eligibility for insurance).
If you ask, the Bureau will arrange disclosure of any information it may have in your file. If you question the accuracy of information in the Bureau’s file, you may contact the Bureau and seek a correction in accordance with the procedures set forth in the Federal Fair Credit Reporting Act. The address of the Bureau’s information office is Post Office Box 105, Essex Station, Boston, Massachusetts 02112, telephone number (617) 426-3660.
Upon written request to Stonebridge Life Insurance Company, you may have access to the information about you in your file. If after reading the information in your file, you believe it is inaccurate, you should notify us, indicating what you believe is inaccurate and why. We will tell you at that time how to correct or amend your file and when information may be disclosed to others without your consent.
Also as a part of our normal procedure for processing your application, an investigative consumer report or other consumer report may be prepared. In an investigative consumer report, information is obtained through personal interviews with your neighbors, friends, or others with whom you are acquainted. This inquiry, if obtained, typically includes information as to your character, general reputation, and mode of living. You may make a written request within a reasonable period of time for additional information about the nature and scope of this investigation.
If you ask, you may be interviewed by the agency preparing your report. Information you give to the agency will be included in the report sent to us. If you wish to be interviewed, please tell us how the consumer reporting agency can reach you. Every effort will be made by the consumer reporting agency to interview you. You may ask to receive a copy of the report at anytime.
Please direct any request for information to our Underwriting Department.
THIS NOTICE IS TO BE READ BY THE APPLICANT FOR INSURANCE
Maine Residents: you may request a Buyer's Guide and Policy Summary prior to purchase by calling the Company at 1-800-527-9027.
Policy Form: GC228 and D524 series. Not available in all states.