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Frequently Asked Questions - Senior Life Insurance

Frequently
Asked Questions

If you have questions, we have answers for you

Why do I need life insurance?

Life insurance will provide a cash death benefit that your selected beneficiary or beneficiaries can use for whatever they choose.

This is a person or other party designated to receive life insurance proceeds upon the death of the insured. The beneficiary is named when a policy is taken out and can be changed at the request of the policyowner.

Can I increase my coverage?

Yes. You can add additional coverage at any age up to age 85. The maximum face amount available is $30,000. Issuance may depend on your answers to a few health questions.

You can call us toll free at (877) 777-8808. You can also click here to find out more about our plans.

The policyowner can contact us, and we will send you a duplicate. You can call us at (877) 777-8808 or email your request to info@srlife.net.

If your policy builds cash value and this value has accumulated, it may be borrowed. Please see your policy for details.

Should I even apply for life insurance if I know that I have an existing medical condition?

Yes. Even those with health conditions may still be eligible for coverage under Senior Life Insurance Company policies.

How much will life insurance cost me?

Premium rates for life insurance are typically based on factors such as age, sex, height, weight, and health status including tobacco/nicotine use. The type of policy you purchase will also affect the amount of the premium. Please contact us at (877) 777-8808 for a premium quote.

No.

 

It is important that you call us as soon as you change banks and receive your new account information. All you will need to do is simply give us a call, and we will be happy to record your new information as long as your policy is current. You can reach us at (877) 777-8808.

Please call us toll free at (877) 777-8808 or email us at info@srlife.net.

How can I update my mailing address?

The policyowner may call (877) 777-8808 and provide the policy number along with your old and new addresses or send a written request which includes the same information to Senior Life.

Please note that only a policyowner may change the ownership of a policy. Those who have power of attorney from the policyowner may also be privy to this information. You can find our Transfer of Ownership form by visiting our policyholder forms page. All requests to change ownership of a policy must be notarized and can be submitted to the Home Office via fax, email, or mail.

Please call us toll free at (877) 777-8808 or email us at info@srlife.net.

Can I increase my coverage?

Yes, you can add additional coverage at any age up to 85. The maximum face amount available is $30,000. Issuance may depend on your answers to a few health questions.

The designated beneficiary will receive your death benefit upon your passing, which can help provide financial support to your family.

How do I report a death?

You can use our online claim form to report a death. If you need assistance, please call our Claims Department toll free at (877) 777-8808, and one of our claims representatives will guide you through the process.

Contact Us

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Hours

Mon – Fri:
08:30 am – 5:00 pm

Get In Touch

Our Home Office staff is always here to assist you!

You can reach us by phone between business hours:

Mon – Fri:
8:30 am – 5:00 pm

Or you can fill out the form here, and a representative will follow up shortly. We look forward to serving you.