Term Life Insurance
Coverage is available for individuals or families, including children and grandchildren. The plans provide guaranteed level premiums and death benefits and a one-time advance if a critical illness is diagnosed. Eligibility is based on answering a few simple health questions.
Homeland HealthCare offers a term life insurance policy through 5Star Life Insurance Company. No medical exams or blood tests are required for eligibility. All that’s needed for eligibility is answering a few simple health questions on the application.
Benefits of Term Life Insurance Plans
The plan offers a guaranteed level premium to age 100 (depending on your state) and guaranteed level death benefit for not less than 10 years. In addition, an accelerated benefit provides a one-time advance of up to 30 percent, depending on your state, of the policy’s coverage amount upon these conditions:
- Heart attack
- Stroke
- Cardiac surgery
- Life-threatening cancer
- Terminal condition
Homeland HealthCare’s term life insurance policy has these advantages:
Affordability – You choose the level of benefits that best meet your family’s needs
Portability – You and your family continue coverage with no loss of benefits or increased costs if you terminate your employment after
the first payment is made. You’ll simply be billed directly for the coverage. Coverage can never be cancelled by the insurance company
unless you or your employer stop making payments.
Family protection – Individual policies can be purchased on the employee, their spouse, their children and grandchildren. Children
and grandchildren policies can be bought for newborns to age 23.
Terminal illness – The plan pays you up to 30 percent, depending on your state, if a terminal illness occurs that will result in a limited
life span of less than 12 months
Emergency burial benefit – Within 24 hours of receiving word of an insured person’s death, the company mails a check to the
beneficiary for 50 percent or $15,000, whichever is less, unless the death is under investigation or within a two-year contestability
period.