Boston Mutual Life Insurance Review

This term policy is available either as employer-paid coverage or employee-paid coverage. The coverage amount is elective, and features such as dependent coverage for spouses and children are available. The accelerated death benefit is available to employees, where they can collect part of their benefit early if they have a life expectancy of no more than 12 months.

Insured employees and their dependents have the option to continue with their policy after leaving employment so they will not lose their benefits on retirement or termination.

The Infinite Life permanent life insurance plan offers coverage options of up to $250,000. However, the policy limit without a medical exam is capped at $100,000. Premiums are fixed over the lifetime of the policy and will not change with age or health status. Policyholders can choose between monthly, quarterly, semi-annual or annual premium payments.

The Infinite Life plan offers a guaranteed cash value that is guaranteed not to decline. Policyholders can borrow against part or all of the accumulated cash value. This plan also earns policy dividends annually, which can be used for paying premiums or purchasing additional coverage or can be withdrawn at any time.

The Legacy Life Express whole life plan offers up to $250,000 in coverage with fixed premiums for the lifetime of the policy. You can also get this policy without a physical exam, but coverage will be limited to $100,000. The death benefit does not decrease based on age or health status, and there is no requirement to renew your policy. Premiums can be paid quarterly, semi-annually or annually.

This whole life plan offers coverage of up to $250,000 for federal, state and municipal employees and their families. Coverage of up to $100,000 can be purchased without an exam, and policyholders do not have to renew their plan or prove their insurability. Premiums can be paid quarterly, semi-annually or annually and will remain fixed for the lifetime of the policy.

This policy accumulates cash value at a tax-deferred rate. The cash value can be borrowed at any time by filling out a form.

This whole life plan is available to employees and union members. This policy is an endowment at age 95, meaning that the policyholder will be paid the face value of the policy on reaching age 95. The policy has fixed premiums and does not require the policyholder to apply for their spouse, children or grandchildren to be covered.

Policyholders who buy the minimum amount of coverage have the right to purchase the remaining amount of the guarantee issue limit at future approved enrollments. Employees can also keep their coverage if they leave the employer or retire by making payments directly to Boston Mutual.