No Exam Term Life Insurance with HSBC Life
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What Types Of Life Insurance Plans Are Available?
Availability of any of the plans below varies by age and state. Please read your policy carefully once you have received. You can also call us at 800-293-5500.
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10 year plan: All that means is that your term life insurance insurance payments are guaranteed to remain the same for 10 years. After 10 years your premiums can go up three to five times or more. You can stop paying at any time and cancel this plan. Don't take this plan if you feel you will need more than 10 years of term life insurance coverage.
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15 year plan: All that means is that your term life insurance insurance payments are guaranteed to remain the same for 15 years. After 15 years your premiums can go up three to five times or more. You can stop paying at any time and cancel this plan. Don't take this plan if you feel you will need more than 15 years of term life insurance coverage.
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20 year plan: All that means is that your term life insurance insurance payments are guaranteed to remain the same for 20 years. After 20 years your premiums can go up three to five times or more. You can stop paying at any time and cancel this plan. Don't take this plan if you feel you will need more than 20 years of term life insurance coverage.
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30 year plan: All that means is that your term life insurance insurance payments are guaranteed to remain the same for 30 years. After 30 years your premiums can go up three to five times or more. You can stop paying at any time and cancel this plan. Don't take this plan if you feel you will need more than 30 years of term life insurance coverage.
So, do monthly premiums go up with HSBC Life? Simply put, as you can see above, for the term you have selected, premiums are guaranteed to remain level. After the level premium period, the policy either ends or rates increase every year. Rate increase after guarantee period can be very high. Please, read your HSBC Life policy carefully after you receive it.
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