Get Term Life Coverage Fast
Term Life Insurance With Extra Benefits
Nassau Safe Harbor TermSM Life
Term insurance can protect your family and covers expenses like short and long-term debts, medical bills, and college tuition in the event of an unexpected death. Nassau Safe Harbor Term Life issues quickly,1 offers basic death protection and more. Unlike basic term life policies without additional benefits, this product includes three types of living benefits through accelerated death benefit riders, and a premium waiver during unemployment.2 These riders offer additional flexibility and coverage for a number of unexpected events. We offer them at no additional premium.
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| Typical Term* | Our Term | |
|---|---|---|
| Death Benefit | Yes | Yes |
| Rapid Underwriting Process | — | Yes |
| Terminal Illness Benefit | — | Yes |
| Critical Illness Benefit | — | Yes |
| Chronic Illness Benefit | — | Yes |
| Unemployment Premium Waiver | — | Yes |
*We are comparing basic term life policies without additional benefits to our product.
Who we are
For over 165 years, Phoenix has been helping people
protect their families and provide for the income they will need in retirement. And, as needs change, we are right there with new solutions.
In 2016, Phoenix became a wholly owned subsidiary of Nassau Re and serves as its U.S. life insurance and annuity platform. Nassau Re contributed significant new equity capital that increased our financial strength and liquidity. Nassau Re owns and manages insurance, asset management and reinsurance firms. Like Phoenix, Nassau Re is committed to meeting the needs of our policyholders and business partners.
Get the most out of life
A smart plan starts with proper protection from the financial impact of an death.
However, too often, an unexpected serious illness will catch families off-guard.
This policy can help them potentially avoid an enormous financial toll before a family member passes away.
1 in 2 men and 1 in 3 women will contract some form of cancer.3
There are over 800,000 stroke victims per year.4
Every 44 seconds someone in the U.S. has a heart attack.5
U.S. health care costs rise faster than inflation.6
Consider Nassau Safe Harbor Term Today
1. Leave a death benefit
Upon the insured’s death, the policy beneficiary will receive a lump sum, tax-free death benefit.
2. Protect your policy in case of unemployment
If you become unemployed for a period of at least four weeks and are receiving state or federal unemployment benefits, our unemployment waiver of premiums allows you to skip six months of premium.7
3. Access your death benefit early in case of serious illness
Three accelerated death benefit riders will allow you to take a portion of your death benefit early in the event you become seriously ill:8
- You have the choice to accelerate up to 95% of your death benefit
- Your current health condition and life expectancy determine the actual amount you can receive, which will be less than your accelerated amount
- You have the ability to accept the offer or reject the offer and maintain your initial death benefit
- If you accept the benefit offer, you will have a lower death benefit and your future premiums will be reduced9
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Critical Illness
Randi used her policy to pay for her breast cancer treatment and take financial stress away from the family. Learn more.
Chronic Illness
Joe developed COPD but paid for his own care with his policy as the conditions worsened. Learn more.
Terminal Illness
Howard made the last 12 months count by creating memories of a lifetime for his family using funds from the policy. Learn more.
Term on your terms
- No pressure to buy
- Real people when you want them
- Great customer service
- Fully licensed agents
- Direct from the carrier
- Fast underwriting process
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Notes
1 We offer Nassau Safe Harbor Term Life through an accelerated underwriting process. We offer Nassau Safe Harbor Term Life Express through a simplified issue process.
2 Administrative charge will apply upon rider exercise. The policy death benefit will be reduced when rider is exercised. Rider benefits are not long-term care. See product brochure for additional details.
3 U.S. National Cancer Institute Surveillance Epidemiology and End Results (SEER) Database, based on incidence and mortality data from 2010 through 2012
4 Center for Disease Control & Prevention, Stroke Facts, 2017.
5 American Heart Association, Heart Disease and Stroke Statistics 2017 At-a-Glance, 2017
7 A 24 month waiting period applies.
8 The amount advanced at each acceleration will be reduced based on your condition and life expectancy determined at exercise. Death benefit is reduced by the benefit amount you elect to accelerate. An administrative charge and an adjustment for future unpaid policy premiums will also apply. Only one of the riders can be exercised. Multiple benefit elections are allowed for chronic and critical illnesses. For chronic, one election per calendar year. For critical, 180 days required between elections. Payment of an accelerated death benefit may be subject to federal or state income tax. Consult a tax advisor regarding possible tax consequences prior to requesting an accelerated death benefit. You will not receive 100% of the amount you choose to accelerate.
9 The annual policy fee is not reduced.
Important Disclosures
The ability to apply for coverage online or over the phone directly with Phoenix licensed agents is available in all states except CA, ME, and NY at this time.
Guarantees are based on the claims-paying ability of the issuing company.
Nassau Safe Harbor Term Life and Nassau Safe Harbor Term Life Express (ICC14PPTL, 14PPTL) are issued by PHL Variable Insurance Company (PHLVIC) (Hartford, CT). PHLVIC is not authorized to conduct business in Maine and New York.
Members of The Phoenix Companies, Inc., a Nassau Re Company