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SBLI Cuts Some Term Prices

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NU Online News Service, Jan. 26, 2004, 12:55 p.m. EST – SBLI USA Mutual Life Insurance Company Inc., New York, has cut the prices for some of its term life policies.[@@]

SBLI lowered prices for 10-year-, 15-year and 20-year underwritten term policies Jan. 19, the company says. The company also has added more generous underwriting criteria for factors such as cholesterol levels and past tobacco use.

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In New York state, the maximum issue age has increased to age 70 for the 10-year policy, age 65 for the 15-year policy and age 60 for the 20-year policy.