Life Insurance
Plan Summaries
Highlights
Feature 1
Your coverage may include guarantee issue. Guarantee issue means that you can elect coverage up to a certain dollar amount without having your current or past medical history taken into account nor will you have to submit an Evidence of Insurability form. Please refer to your policy for more information.
Why Life Insurance?
Life Insurance Calculator
Use the button below to to access our handy Life Insurance Calculator to find out if you have enough insurance for you and your family.
Example – For Illustrative Purposes Only
Accelerated Death Benefit Example
Life Amount
$100,000
Total Paid to Anne
$50,000
Total Paid to Anne’s Beneficiary at the Time of Her Death
$50,000
Anne was diagnosed with a terminal illness and has less than 12 months to live. Anne doesn’t want to leave the burden on her family members to make her final arrangements. Since her $100,000 life insurance policy has an Accelerated Death benefit, Anne filed a claim to receive $50,000 of the proceeds to help pay for the funeral expenses and pay off some other expenses.
Value Added Benefits
Bereavement Counseling
Travel Assistance
File a Claim
How to file a claim
Frequently Asked Questions
What is Life Insurance?
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
Do I really need life insurance?
A simple way to answer this is by asking: "Do I have anyone dependent on my salary to sustain their standard of living?" In other words, if you were to pass, would those still alive have issues covering the cost of your burial? Covering rent or mortgage payments and other bills? What about any remaining medical costs? Would they have enough money to cover those and still maintain their normal life? If the answer to any of these is "No, they wouldn't," then you should consider what life insurance options work best for you and your needs.
Do I need to take an exam?
Your policy may have a guarantee issue limit. Guarantee issue means that you can elect coverage up to the guarantee issue limit without medical questions or Reliance taking your current or past medical history into account. Any amounts over the guarantee issue will require evidence of insurability.
What is a beneficiary and can anyone be my beneficiary?
A life insurance beneficiary is an individual, entity, trustee, or estate named by the policy owner to collect the death benefit proceeds upon the insured's death. There are two types of beneficiaries:
- Primary beneficiary: The first one in line to collect the death benefit upon the insured's death.
- Contingent beneficiary: Also known as a secondary beneficiary, is the second one in line to collect the benefit if the primary beneficiary is deceased.