This PDF is SBLI’s Quility Level Term Life Insurance guide (producer-focused, includes a consumer brochure). It describes a simplified-issue guaranteed level term product with level premiums for 10/15/20/30-year terms, fast online simplified underwriting (yes/no decision in minutes for many cases via AcceleRate), and a range of automatically included and optional riders (Accelerated Death Benefit, Charitable Giving, Unemployment Waiver, Children’s Term, Accidental Death). The product covers minimum face amount $100,000 up to $1,000,000 (varies by age/income rules), offers a return-of-premium option, conversion to permanent coverage up to attained age 70, and renewability to age 85. The guide contains detailed underwriting knockouts, build charts, risk-class criteria, submission procedures, commission rules (advances/chargebacks), vendor contacts, and claims/process instructions.
Questions this document answers
$100,000.
The lesser of $1,000,000 or 20× income; overall product available up to $1,000,000 for many ages.
10, 15, 20, or 30 years.
$50 (modalized if not paid annually).
Conversions allowed up to attained age 70 (or end of level term period).