What is SBLI Permanent Life Insurance?
Union Savings Bank offers you a variety of life insurance options designed to suit your lifestyle, needs and budget. Permanent Life Insurance from Vantis Life Insurance Company (formerly SBLI of CT) is available in amounts from $10,000 to $5,000,000. Although the premium is higher than term insurance, your premium remains level and does not increase with age. Your coverage continues for life and earns cash value and dividends (as earned) which can be used for retirement, education, or whatever you choose. Vantis Life offers three permanent life insurance plan choices:
- Straight Life Insurance – Issued through age 70. This is our lowest-cost fixed premium permanent life insurance.
- 20 Payment Life – Issued through age 55. It offers the same benefits as Straight Life, but with a fixed premium for 20 years.
- Life Paid Up at Age 65 – This policy is issued through age 55. It’s an economical way to complete your premium payments before retirement.
Insurance products offered are not deposits, are not insured by the FDIC or any other Federal Government Agency, and are not obligations of, nor guaranteed by Union Savings Bank.
Savings Bank Life Insurance (SBLI) products are available for Connecticut residents only. Policies are issued by Vantis Life Insurance Company.