LIVING LEGACY –
FINAL EXPENSE LIFE INSURANCE

An instant-decision whole life insurance product designed to help cover funeral expenses and other end-of-life debts that your client’s family may face in the event of death.

KEY BENEFITS

Up to $35,000 of Coverage!

With no exam and competitive pricing.

Two Plans Available

Customers can qualify for the Level (Preferred/Standard) or Modified Benefit plans based on health history.

Instant Decision

100% of the time with a few simple medical questions.

Face-to-Face or Telephone Sale

Instant decision digital app (accessible through smartphone, tablet, or laptop) for face-to-face or telephone sales.

Create a Will for Free

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

LIVING LEGACY – FINAL EXPENSE PRODUCT SPECIFICS

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.

DEATH BENEFITS, AMOUNTS, AND RISK CLASSES

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)
Year 2 – 110% of the premiums paid to date (less outstanding debt)
Year 3 – Full Death Benefit payable (less outstanding debt)
In the event of accidental death, full death benefits are paid from the first day of coverage.

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

PREMIUM MODES AND FACTORS

Mode Annual Monthly
Factor Annual Premium x 1.0 Annual Premium x 0.087

RIDERS & SERVICES

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:

  • Safely store their documents, final wishes, family photos, and more.
  • Create documents for their estate plan, including their will, power of attorney, and advance directive.
  • Consolidate all of their financial accounts in one convenient dashboard.

FINAL EXPENSE SALES TOOL KIT

Living Legacy – Final Expense Agent Guide

2022 SBLI Sales Contest

Living Legacy – Final Expense Consumer Brochure

LegacyShield® Consumer Brochure

Living Legacy – Final Expense FAQ

KEY POINTS OF CONTACT

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