Other Life Insurance Plans & Features
The following riders may be available to add onto one of our individual insurance offerings. To learn more about your options, contact your Boston Mutual Life Insurance representative or click here to find an agent in your area.
Children’s Term Rider
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 or five times the rider, or $40,000, without providing evidence of insurability.
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.
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.
Payor Waiver of Premium Benefit
Boston Mutual Life Insurance will waive your policy’s premium if you become permanently disabled. When you are unable, we will safeguard your family’s financial protection.
Premium Deposit Fund (PDF)
The premiums that you regularly deposit into the policy’s Premium Deposit Fund (PDF), 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.