Boston Mutual Life Insurance Company
Individuals & Families

First, a brief explanation of Life Insurance

Simply put, life insurance provides protection against the economic loss caused by the death of the person insured. Usually, it’s a lump sum payment (sometimes known as a death benefit) to beneficiaries. The amount of premiums paid for this coverage varies based on the type of life insurance, the amount of coverage and other factors. Life Insurance is purchased based on the needs and goals of the individual wanting to insure his/her life and the lives of his/her family, and it is typically paid monthly. The benefit can help replace lost income, help pay for funeral costs, debts, and even medical expenses of the deceased not covered by health insurance.

Life Insurance

Infinite Life

The Infinite Life plan provides affordable, permanent life insurance protection for you and your family. Premiums remain the same regardless of your age or changes in your health status. The Infinite Life plan builds guaranteed cash value that increases each year.* The cash value can be used for any purpose you choose. Infinite Life policyholders are also eligible to receive annual policy dividends, when issued by the company, which may be used to reduce premiums, purchase additional coverage or build the cash value of your policy. The Infinite Life plan provides up to $250,000 in life insurance coverage to protect your family against financial hardship. Coverage highlights:

Infinite Life Details

  • Permanent life insurance with cash value accumulation that matures at age 121.
  • Up to $100,000 in coverage is available without medical underwriting for individuals up to age 50.
  • Premiums are guaranteed not to increase for the life of the policy.
  • Death benefit will not decrease due to age or health.*
  • Builds cash values that can be used for any purpose, including family emergencies and unexpected expenses.
  • Optional Premium Deposit Fund - the premiums that you regularly deposit into the policy’s Premium Deposit Fund, plus the interest earned, can be used to pay your overdue or future premiums.
  • Premiums paid for the life of the policy through monthly bank drafts or quarterly, semiannual or annual billing modes.
  • Coverage is available for all family members and can also be used for strategic business planning such as key person life insurance coverage.
  • Three non-forfeiture options to help keep coverage in force if the policyholder is unable to pay premiums.
  • Optional Riders include Children Term Coverage, Accidental Death Benefit, and Payor Waiver of Premium.
  • Issue Ages – from 15 days to age 80.
  • Minimum face amount of $2,500 up to a maximum of $250,000.
* Policy loans and withdrawals will affect the cash value of your policy and could reduce the death benefit. Life policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series BML ICC14 OL-14, OL14, BML ICC18 OL-18, and OL 18, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual reserves the right to discontinue any of the Services at any time.
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Legacy Life Select

The Legacy Life Select plan provides permanent life insurance coverage for Federal, State, and Municipal employees and their family members actively at work or in school. This plan offers peace of mind for those individuals looking to protect the financial security for their loved ones. It offers coverage for your entire family through a simple and easy application. The Legacy Life Select plan provides up to a quarter of a million dollars of coverage to help protect your family against financial hardship. Coverage highlights:

Legacy Life Select Details

  • Permanent life insurance with cash value accumulation that matures at Age 98
  • Premiums are guaranteed not to increase for the life of the policy
  • Simplified issue for eligible employees and their family members actively at work or in school – only a few health questions
  • Flexibility to cover the employee, spouse, children and grandchildren
  • Premiums typically paid through employee elected Allotments
  • Optional riders include Children Term Coverage, Accidental Death Benefit, and Waiver of Premium
  • Issue Ages 0 to 80 years old
Life policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series BML ICC13 E-98 (6/13), E98 (6/13), BML ICC18 E-98 (8/18) and, E98 (8/18), subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual reserves the right to discontinue any of the Services at any time.
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Legacy Life Express

The Legacy Life Express plan is permanent life insurance protection for you and your family. The protection you purchase under the Legacy Life Express goes beyond burial insurance; it can provide up to a quarter of a million dollars worth of coverage to help secure your family’s future. The cash value accumulated by the policy can be used to help you fund your children’s education or supplement your income. It’s easy to apply for the Legacy Life Express. Simply answer a few medical questions. Your entire family can apply for this life insurance coverage. Coverage highlights:

  • Permanent life insurance with cash value accumulation that matures at Age 98
  • Premiums are guaranteed not to increase for the life of the policy
  • Simplified issue for individuals actively at work or in school – only a few health questions
  • Flexibility to cover the employee, spouse, children and grandchildren
  • Optional riders include Children Term Coverage, Accidental Death Benefit, and Waiver of Premium
  • Issue Ages 0 to 80 years old
Life policies are underwritten by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, under Policy Form Series BML ICC13 E-98 (6/13), E98 (6/13), BML ICC18 E-98 (8/18) and, E98 (8/18), subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the insurance coverage available. Policies have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please refer to the policy form or contact your Boston Mutual representative. Value-added services are not insurance and are offered only on specific lines of coverage. Boston Mutual is not responsible or liable for care, services, or advice given by any provider or vendor of the Services. Boston Mutual reserves the right to discontinue any of the Services at any time.
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Other Products and Features

Children’s Insurance Agreement

For pennies on the dollar, you can insure all of your children from birth (15 days) through college (25 years). After age 25, each child’s coverage can be converted to an individual life insurance policy with a maximum death benefit of $40,000, without providing evidence of insurability.

Children’s Insurance Rider is issued by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, on form BML CTR-1 6/84, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the coverage available. Riders may have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please contact your Boston Mutual representative.

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Accelerated Benefit Option

Automatically included in your life insurance policy and at no cost to you is the Accelerated Benefit Option. This benefit will advance you a cash payout in terminal illness or physical condition situations providing financial security to your loved ones at an essential time.

Accelerated Benefit Option Rider is issued by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, on form BML ABOR 10/93, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the coverage available. Riders may have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please contact your Boston Mutual representative.

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Accidental Death Benefit

The Accidental Death Benefit protects your loved ones from the financial burden that an accidental death can bring. If you die as a direct result of an injury due to a covered accident, the death benefit paid to your beneficiary will be doubled.

Accidental Death Benefit Rider is issued by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, on form BML ADR-1, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the coverage available. Riders may have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please contact your Boston Mutual representative.

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Waiver of Premium Benefit

The Company will waive your policy’s premium if you become permanently disabled. When you are unable, we will safeguard your family’s financial protection.

Waiver of Premium Rider is issued by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, on form BML WPR-1, subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the coverage available. Riders may have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please contact your Boston Mutual representative.

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Premium Deposit Fund

The premiums that you regularly deposit into the policy’s Premium Deposit Fund, plus the interest earned, can be used to pay your overdue or future premiums. As the account grows, the PDF can be used to help fund your children’s college education or supplement your income during your golden years. This fund can help you keep the protection that you purchased for your loved ones in force and may help meet your needs during times of hardship - giving you peace of mind at a time when you may need it most.

Premium Deposit Fund Rider is issued by Boston Mutual Life Insurance Company (Canton, MA) in all states, except New York, on form BML PDF0880 (Rev 7/87), subject to state availability. Product offerings may vary depending on state laws and regulations. This information is not intended to be a complete description of the coverage available. Riders may have exclusions and limitations which may affect any benefits payable. For complete details of coverage and availability, please contact your Boston Mutual representative.

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Products Through Our Subsidiary

Boston Mutual Life Insurance Company’s subsidiary, the BML Insurance Agency, Inc., has built partnerships with other reputable and reliable Life Insurance Companies to help protect the financial well-being of your family. Every family is different. That’s why we have aligned ourselves with companies that offer competitive rates and a variety of insurance plans to complement our own product portfolio, giving you options to insure your family’s financial protection – whether your loved ones are a newborn, a senior citizen, or fall anywhere in between.

Term Life Insurance

Term Life Insurance products provide an increased death benefit at a low monthly cost for a specific number of years. It is an easy, affordable way to provide financial peace of mind for you and your family, insuring financial protection for your loved ones. It not only helps fill the gap left by the loss of your income; it can help you keep your family in the home you provided for them by providing funds that can be used to satisfy mortgage debt and other high cost family obligations.

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Universal Life Insurance

Universal Life offers financial protection and builds cash value that may be used to meet your family’s ever-changing needs. Examples might include your children’s education, wedding expenses, or help with financial planning for your golden years. It also offers premium payment flexibility with available options for the cash value accumulation. Universal Life offers flexibility to use the policy’s accumulated cash values to lower your monthly premiums or the option to skip payments during family emergencies.

If you are looking for flexibility in your financial plan while building strong cash values, Universal Life is the way to go!

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Final Expense Insurance

Final Expense Life products can insure your loved ones against the financial burden of final expenses such as funeral costs, medical bills, and legal fees. Final Expense insurance is designed specifically with individuals on a fixed income in mind. With premiums that will never increase and a death benefit that will never decrease, Final Expense products are easy to apply for and require no medical exam or medical records. A short visit with an agent will get you the protection you and your loved ones need. Your family will be left with cherished memories, treasured family heirlooms, and financial peace of mind.

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