Answers to the most frequently asked Guaranteed Life Insurance questions.
Life is unpredictable — we never know what lies around the corner. If you pass away unexpectedly, Guaranteed Life Insurance such as this product helps ensure your loved ones can be assisted with the cost of your funeral and any bills you leave behind.
You can get the coverage that suits your needs and budget – from $2,500 right up to $25,000. Plus with Guaranteed Life Insurance you have the option to add a benefit of $50,000 which is paid in the event of accidental death.
Yes. There is a reduced graded death benefit during the first 2 years of your policy. If you pass away due to natural causes during this time, you will receive a benefit of 110% of premiums paid. However, if you pass away due to an accident during this time period, you will receive the full face amount of your policy. After the first 2 years you are covered for the full face amount for death due to any cause.
No. Your premium rate for the benefit amount you purchase will stay the same as long as you keep your policy.
No. Once coverage begins, your benefit will not decrease as you grow older or if your health changes, as long as premiums are paid.
If you are not satisfied with your policy, you can return it to Seniors United or a company agent, within 30 days after receipt of your policy. The premium paid will be refunded and your policy will be void from the beginning.
No. There are no health questions, medical or blood tests required. As long as you are a US resident between the ages 45 – 79 you cannot be turned down for this insurance.
Seniors United Insurance has made arrangements with Fidelity Security Life Insurance Company to underwrite this Guaranteed Life Insurance at affordable rates. Fidelity Security Life Insurance Company has been providing flexible insurance products for over 40 years.
Fidelity Security Life Insurance Company has been rated A- (Excellent), based on an analysis of financial position and operating performance by A.M. Best Company – an independent analyst of the insurance industry. For the latest rating, visit A.M. Best Company.
If you are a US resident with a US bank account between the ages 45 – 79 you cannot be turned down for this insurance.
With respect to the Life Insurance benefit:
With respect to the Accidental Death benefit payable during the first two years of coverage and/or the Accidental Death rider, no benefit will be payable in the case of the following:
No, your policy cannot be cancelled by Seniors United nor by the insurer as long as you are paying your premiums. Once you’re covered under this Guaranteed Life Insurance policy, only you can cancel (unless you stop paying your premiums).
You can keep your policy for life. Your policy will NEVER be cancelled as long as your premiums are paid. That’s part of the Lifetime Commitment Guarantee™.
Your policy accrues a cash value over time which is accessible to you. If you cancel your policy any cash value that has accrued can be paid out to you.
Yes, your Guaranteed Life Insurance will pay benefits covered under the policy in addition to any other insurance policies.
No, your health does not affect your acceptance or the price of your policy. The premiums are based on your age when you apply, and once your premium is set, it will not change for as long as you keep your policy – so the sooner you take out your policy, the lower your premium will be for the rest of your life.
With the Lifetime Commitment Guarantee™ you are guaranteed that:
In sickness and in health and over the long term, we stand by our customers. That’s real peace of mind from a company you can trust.
Yes – we like to put our customers in control! When you take out coverage, you choose your beneficiary, and you can change your beneficiary at any time.