Senior Life Insurance Company
logo

We also offer

Term Life Insurance Plans

Senior Life offers two Term Life Plans for clients who only need coverage over a 20 year period. These plans are available for individuals who are ages 20 to 65, with face amounts ranging from $10,000 to $50,000 in protection. Once the application is approved, the first premium is honored by the bank, and the policy is issued, premiums will never increase, the benefits will never decrease, and the policy cannot be cancelled by the Company except for non-payment of premiums.

20 Year Term
  • Issue Ages: 20-65
  • Face Amounts:
    $10,000 to $50,000
  • For non-tobacco and
    tobacco users
Return of Premium* 20 Year Term
  • Issue Ages 20-45: tobacco users (within past 12 months)
    Issue Ages 20-60: non-tobacco users (within past 12 months)
  • Face Amounts:
    $10,000, $20,000, $30,000,
    $40,000, and $50,000 only
  • 100% Return of Premiums is based on
    annual mode of payment*

*A 100% Return of Premium is based on annual mode of payment; monthly mode of payment will result in a 98% Return of Premiums. The Return of Premium Benefit is only available if the policy is in-force at the end of 20-year term.

Insurance plans, riders, and features may not be available in all states; and terms and features may vary by plan and/or state. For more details on coverage, costs, and restrictions, contact us.

Senior Life policies are not funeral or burial contracts. This life insurance does not specifically cover funeral goods or services, and may not cover the entire cost of your funeral at the time of your death. The beneficiary of the life insurance policy may use the proceeds for any purpose, unless otherwise directed.

Senior Life is continually expanding, researching, and offering products to meet the different needs of individuals. As we continue in our efforts, we strive to stay on top of the insurance market by providing the newest, most valuable, and most attractive products for our customers. We are currently licensed in the following jurisdictions: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, and the District of Columbia.