True Blue Life Insurance Coverage

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A.M. Best Rating:
A
Superior
BBB Rating:
Excellent

About our products

Life insurance is simply about protecting what matters most – your family. However, the process of getting insurance can be confusing and complicated – until now.

We are committed to providing life products that are affordable and easily accessible, so you can be completely confident in your insurance decisions.

Types of life insurance offered:

  • Term Life Insurance – Financial coverage for 10, 15, 20, or 30 years to protect those years when you need it most and give you peace of mind.
  • Final Expense Insurance – Financial coverage for end of life expenses such as funeral costs.

Life insurance quotes provided by True Blue Life Insurance Inc, who is the licensed agent, are issued by Lumico Life Insurance Company.

Our products in detail

1. Level Term

Length of coverage:10, 15, 20 and 30 year
Minimum coverage:$50,000
Maximum coverage:$1,000,000
Estimated time to approval:0 - 1 days
Product features:
Brochure:

Level Term is our favorite term life insurance product. The rates are competitive, and the process is, in our opinion, the best out of any other competing product.

The premium and death benefits are guaranteed to stay the same throughout the coverage period. Collateral assignments to secure business loans are possible.

You have the option of completing the application online without needing to talk to an agent.

Issue Ages*:
18-70 for 10 & 20 year term
18-65 for 20-year term
18-55 for 30-year term, No Tobacco
18-50 for 30-year term, Tobacco
*Issue ages are based on age last birthday

Lumico Life reserves the right to send an application through a manual underwriting process to make the best possible offer to the client.

Additional requirements may include but are not limited to:

  • Phone interviews
  • Labs/Exams
  • Attending Physician Statements

In order to be eligible for coverage, applicants must be either a U.S. Citizen or Permanent Resident (Green Card).

Available riders for Level Term

Accelerated Death Benefit

Included at no additional cost.

Accelerates a portion of the policy’s face amount if the insured is diagnosed with a terminal condition with a life expectancy of 12 months or less.

The maximum amount that can be accelerated: 50% of the policy’s face amount or $500,000, whichever is less.

Dependent Child

This coverage children of the person insured, if the child is between 15 days and 22 years old.

Expiry age: When a child reaches age 25 (refer to rider contract for details) Available for an additional cost

Face amounts: $2,000-$10,000 (increments of $1,000), or the face amount of the Term policy, whichever is less

Coverage on each child must be for the same face amount and total coverage on all children cannot exceed face amount of base policy.

Policyowner must notify us if there are additional children to be covered under the rider after the policy is issued.

Waiver of premium

Available for an additional cost

Waives premiums due (for policy and any attached riders) while the Insured is Totally Disabled for 6 months or longer while the policy and rider are in force. “Totally disabled” is defined as:

During the first 24 months, sickness or injury that prevents the Insured from performing substantially all of the work of the insured’s regular occupation.

After 24 months, sickness or injury that prevents the Insured from performing substantially all of the work of the insured’s regular occupation or any other occupation suited by education, training, or experience.

Alternatively, loss of sight in both eyes, loss of use of both hands or feet, loss of use of one hand and one foot.

Until the claim is approved, premiums must continue to be paid. Once we approve the claim, we will refund premiums paid after the first of the benefit month on or following the date the disability began. Proof of disability may be required.

Issue ages: 18-55 (or younger if base policy restricts)

Expiry age: Policy expiry date or age 65, whichever is earlier.

If Total Disability begins prior to age 60 (and continues through the Insured’s age 65), then premiums are waived under the rider until the policy expiry date.

Accidental Death Rider

Pays out an additional lump sum amount if the insured dies due to an accident while the policy is in force.

Issue ages: 18-60 (or younger if base policy restricts)

Expiry age: 70 Available for an additional cost Face amount: up to 100% of base policy’s face amount or $250,000, whichever is less

2. Simplified Issue Final Expense Preferred

Length of coverage:To age 121
Minimum coverage:$5,000
Maximum coverage:$30,000
Estimated time to approval:1 days
Product features:
Brochure:

Simplified Issue Whole Life Preferred is, in our opinion, the best final expense/burial insurance plan in the marketplace. The full Coverage Amount is eligible for payment from the first day of coverage.

The premium and death benefits are guaranteed to stay the same, and you have the option of completing the application online without needing to talk to an agent.

The policy follows a streamlined underwriting approach utilizing third-party data to evaluate insurability.

Eligibility requirements include:
Medical Information Bureau (MIB) – A consumer reporting agency that operates an information exchange on behalf of insurers
Prescription history – A search of previously filled prescriptions which is compared to a proposed insured’s medical history noted on the application

Other traditional underwriting requirements, such as labs, exams, or attending physician statements are not required with this product.

Applications may route to manual underwriting in instances where there is inconsistent information from 3rd party data sources.

Financial payments for end of life expenses such as funeral and burial costs can be very expensive. TBLI Simplified Issue Final Expense insurance is a simple way for you to help lessen the burden on your family by ensuring they have the means to help cover these costs.

The full Coverage Amount is eligible for payment from the first day of coverage.

Get insured quickly and easily up to $30,000

Issue agents 50 – 85

Applicants receive an instant decision and immediate coverage in about ten minutes

Solutions tailored to the insurance needs of people age 50+

Selection of riders to add to or customize your coverage

No additional charges for monthly payments and no hidden policy fees

In order to be eligible for coverage, applicants must be either a U.S. Citizen or Permanent Resident (Green Card).

Available riders for SIFE Preferred

Accelerated Death Benefit

Included at no additional cost.

Terms vary by state.

Accidental Death Rider

Optional

The policy pays an additional death benefit if the cause of death is an accident.

3. Simplified Issue Final Expense Standard

Length of coverage:To age 121
Minimum coverage:$5,000
Maximum coverage:$30,000
Estimated time to approval:0 - 1 days
Product features:
Brochure:

We feel the best feature of this policy are the graded benefits. Many comparable policies have a waiting period in which if death occurs (not as a result of an accident) during the first 2-3 years, the policy returns all premiums paid plus 6% (depending on the plan). We think the graded death benefit of this policy allows for greater coverage during the first years of the plan.

The policy follows a streamlined underwriting approach utilizing third-party data to evaluate insurability.

Eligibility requirements include:
Medical Information Bureau (MIB) – A consumer reporting agency that operates an information exchange on behalf of insurers
Prescription history – A search of previously filled prescriptions which is compared to a proposed insured’s medical history noted on the application

Other traditional underwriting requirements, such as labs, exams, or attending physician statements are not required with this product.

Applications may route to manual underwriting in instances where there is inconsistent information from 3rd party data sources.

Financial payments for end of life expenses such as funeral and burial costs can be very expensive. TBLI Simplified Issue Final Expense insurance is a simple way for you to help lessen the burden on your family by ensuring they have the means to help cover these costs.

Get insured quickly and easily up to $30,000

Issue agents 50 – 85

Applicants receive an instant decision and immediate coverage in about ten minutes

Solutions tailored to the insurance needs of people age 50+

Selection of riders to add to or customize your coverage

No additional charges for monthly payments and no hidden policy fees

If death occurs (not as a result of an accident) during the first 3 policy years following the date of issue, the face amount payable will be as shown in the Policy Schedule
1st Year = 25% of Coverage Amount
2nd Policy Year = 50% of Coverage Amount
3rd Policy Year = 75% of Coverage Amount

If death occurs as a result of an accident, then the full Coverage Amount is eligible for payment.
If death occurs after policy year 3, then the full Coverage Amount is eligible for payment.

In order to be eligible for coverage, applicants must be either a U.S. Citizen or Permanent Resident (Green Card).

Available riders for SIFE Standard

Accelerated Death Benefit

Included with no additional fee

Terms vary by state.

Accidental Death Rider

Optional

The policy pays an additional death benefit if the cause of death is an accident.

4. Simplified Issue Final Expense Modified

Length of coverage:To age 121
Minimum coverage:$5,000
Maximum coverage:$15,000
Estimated time to approval:0-1 days
Product features:
Brochure:

We feel the best feature of this policy are the graded benefits. Many comparable policies have a waiting period in which if death occurs (not as a result of an accident) during the first 2-3 years, the policy returns all premiums paid plus 6% (depending on the plan).

We think the graded death benefit of this policy allows for greater coverage during the first years of the plan.

The policy follows a streamlined underwriting approach utilizing third-party data to evaluate insurability.

Eligibility requirements include:

  • Medical Information Bureau (MIB) – A consumer reporting agency that operates an information exchange on behalf of insurers
  • Prescription history – A search of previously filled prescriptions which is compared to a proposed insured’s medical history noted on the application

Other traditional underwriting requirements, such as labs, exams, or attending physician statements are not required with this product.

Applications may route to manual underwriting in instances where there is inconsistent information from 3rd party data sources.

Financial payments for end of life expenses such as funeral and burial costs can be very expensive. TBLI Simplified Issue Final Expense insurance is a simple way for you to help lessen the burden on your family by ensuring they have the means to help cover these costs.

Get insured quickly and easily up to $15,000

Issue agents 50 – 80

Applicants receive an instant decision and immediate coverage in about ten minutes

Solutions tailored to the insurance needs of people age 50+

Selection of riders to add to or customize your coverage

No additional charges for monthly payments and no hidden policy fees

Graded benefit:

If death occurs (not as a result of an accident) during the first 3 policy years following the date of issue, the face amount payable will be as shown in the Policy Schedule

1st Year = 10% of Coverage Amount
2nd Policy Year = 25% of Coverage Amount
3rd Policy Year = 50% of Coverage Amount

If death occurs as a result of an accident, then the full Coverage Amount is eligible for payment.

If death occurs after policy year 3, then the full Coverage Amount is eligible for payment.

In order to be eligible for coverage, applicants must be either a U.S. Citizen or Permanent Resident (Green Card).

Available riders for Modified Final Expense

Accelerated Death Benefit

Included at no additional cost.

Accelerates a portion of the policy’s face amount if the insured is diagnosed with a terminal condition with a life expectancy of 12 months or less.

The maximum amount that can be accelerated: 50% of the policy’s face amount or $500,000, whichever is less.

Accidental Death Rider

Optional

The policy pays an additional death benefit if the cause of death is an accident.

Lumico has an “A” rating by A.M. Best* ‐ the leading rating agency of the insurance industry. “A” is excellent, and is the second highest of fifteen ratings that can be awarded. It means that Lumico is financially stable and secure. Lumico has a 50+ year track record helping insure individuals and families, and is part of Swiss Re, a global financial services organization.

*These ratings reflect claims paying ability but are not a guarantee of future performance.

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