With no exam and competitive pricing.
Customers can qualify for the Level (Preferred/Standard) or Modified Benefit plans based on health history.
100% of the time with a few simple medical questions.
Instant decision digital app (accessible through smartphone, tablet, or laptop) for face-to-face or telephone sales.
Clients can create a lasting legacy (including a will), and also make sure that their loved ones can find everything left for them when it is needed with LegacyShield.®2
| FEATURES | DESCRIPTION |
|---|---|
| Product Design | Living Legacy-Final Expense is a whole life product particularly suited to the senior market. It is a simplified-issue, instant-decision product and features a two-tier classification. Customers can qualify for the Level or Modified Benefit plans based on health history. |
| Level Benefit (Preferred/Standard) |
Modified Benefit (may vary by state) |
|
|---|---|---|
| Death Benefit | Full death benefit all years (less outstanding debt) |
Year 1 – 105% of the premiums paid to date (less outstanding debt) |
| Min./Max. Face Amounts Minimum: | $2,500 | |
| Maximum: | Preferred Non-Nicotine Ages 50-75: $35,000 Ages 76+: $25,000 Standard Non-Nicotine & Nicotine Ages 50-75: $25,000 Ages 76+: $20,000 |
Ages 50-75: $20,000 Ages 76+: $15,000 |
| The same customer can own multiple Final Expense policies, but the maximum combined coverage on any one life is the maximum face amount shown above3 | ||
| Risk Classes | Preferred, Standard Non-Nicotine, Standard Nicotine | Non-Nicotine, Nicotine |
| Issue Ages | 50-85 (age last birthday) | |
| Premiums | Level, payable to age 100 | |
| Policy Fee | Annual policy fee $48 (this is non-commissionable). Modalized for premiums not paid annually | |
| State Availability | Available in all states except NY | |
| Mode | Annual | Monthly |
|---|---|---|
| Factor | Annual Premium x 1.0 | Annual Premium x 0.087 |
| LegacyShield® |
|---|
| SBLI has partnered with LegacyShield® to offer SBLI policyholders a free subscription to a number of unique, easy-to-use online tools which can help your clients not only create a lasting legacy (including a will), but also make sure that their loved ones can find everything left for them when it is needed.
With LegacyShield®, clients can:
Consolidate all of their financial accounts in one convenient dashboard. |
| Points of Contact | Contact | Phone Number | Email Address |
|---|---|---|---|
| Onboarding – for any agency or agent onboarding questions | Contracting Support 9am – 9pm ET, M-F |
888.639.5791 | contracting@sblifinalexpense.com |
| Sales Support – for sales, marketing, and agent site questions | Steven Melo 8am – 5pm ET, M-F |
781.994.5455 | finalexpense@sbli.com |
| Customer Service – for policy changes, surrenders, claims etc. requests | Customer Service 8am – 5pm ET, M-F |
888.224.7254 option 3 |
records@sbli.com |
| Commissions – for commission questions | Commissions 8am – 4pm ET, M-F |
888.224.7254 option 5 |
finalexpenseagentservices@sbli.com |
| MRS Application Platform – for issues relating to logging in, quoting, completing/submitting the application or other issues with the platform | MRS Help Desk 8am – 5pm CT, M-F |
844.503.5333 | helpdesk@mrsreps.com |
| Best Plan Pro – for issues relating to logging in, quoting, prescreening or other issues with the platform | Best Plan Pro Help Desk | bestplanpro.com/help | |
| Agent Sales Portal – for access to the Final Expense Application Platform (MRS), your business summary, and commission statements | www.sbliagent.com | ||