Senior Life: Silver Guard® Whole Life Insurance
The Silver Guard® Series products are simplified issue, whole life insurance policies designed for final expense needs. They are non-participating whole life policies that offer your client guaranteed premiums and death benefits. These products can be applied for using Baltimore Life’s INSpeed® NOW process, a paperless application system enrolling applicants via an electronic application or our call center.
Senior Life: Silver Guard® Whole Life Insurance
- Guaranteed: level premium, level death benefit, cash and non-forfeiture values available
- Non-tobacco and tobacco user rates
- Premium rates are based on underwriting tables
- Standard (Standard through Table 4)
- Special (Tables 5 – 8)
- Add Accidental Death Benefit Rider for increased coverage at minimal cost (Silver Guard® Standard only)
- Available in all states except New York
Issue Ages (age last birthday)
50 - 80
Face Amount Limits and Bands
| Minimum |
| $2,500 minimum (Minimum premium for EFT of $20 monthly or $240 annually) |
| Maximum |
| Standard: | $25,000 maximum |
| Special: | $15,000 maximum |
Policy Fee
$60, fully commissionable
Premium Modes
- EFT Modes for Applications enrolled via INSpeed NOW: Monthly, semi-annual, and annual
- Paper Applications: Monthly Electronic Funds Transfer (EFT, Bank Draft), and direct bill modes Annual, Semi-Annual (SA), or Quarterly (Q)
Additional Benefits and Riders
- Accidental Death Benefit for Silver Guard® Standard
- Terminal Illness Accelerated Death Benefit
- $1,000 Cash Draft Benefit
Senior Life: Silver Guard® Whole Life Insurance
Sample Rates for Silver Guard® Whole Life
$10,000 Face Amount, Silver Guard® Standard, Non-Tobacco
Monthly Bank Draft Premium
| | Age 55 | Age 65 | Age 75 |
| Male | $41.67 | $63.54 | $116.37 |
| Female | $36.63 | $53.55 | $91.26 |
$10,000 Face Amount, Silver Guard® Standard, Tobacco
Monthly Bank Draft Premium
| | Age 55 | Age 65 | Age 75 |
| Male | $54.09 | $87.57 | $164.07 |
| Female | $48.51 | $70.56 | $112.95 |
$10,000 Face Amount, Silver Guard® Special, Non-Tobacco
Monthly Bank Draft Premium
| | Age 55 | Age 65 | Age 75 |
| Male | $54.27 | $85.05 | $190.17 |
| Female | $48.60 | $76.50 | $130.23 |
