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Term Life Insurance
With Extra Benefits

Nassau Safe Harbor TermSM

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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 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.

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.

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 3 Americans will contract some form of cancer.3

There are nearly 800,000 stroke victims per year.4

Every 40 seconds an American will have a heart attack.4

Approximately 70% of people over age 65 will require long-term assistance during their lifetime, and over 35% will need care in a nursing home.5

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.6

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:7

  • 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 reduced8

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Critical Illness

mother with children

She used her policy to pay for her breast cancer treatment and take financial stress away from the family. Learn more.

Chronic Illness

woman paying for the care of her older parents in assisted living

She suffered a stroke but paid for her own care with her policy as the conditions worsened. Learn more.

Terminal Illness

final vacation

He 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 through an accelerated underwriting process. We offer Nassau Safe Harbor Term 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 American Cancer Society, Cancer Statistics, 2019.

4American Heart Association/American Stroke Association, Heart Disease and Stroke Statistics 2017.

5 Longtermcare.gov, December 2017.

6 A 24 month waiting period applies.

7 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.

8 The annual policy fee is not reduced.


Important Disclosures

Payments and guarantees are based on the claims-paying ability of the issuing company.

Nassau Safe Harbor Term and Nassau Safe Harbor Term Express (ICC18NPTL or 18NPTL) are issued by Nassau Life and Annuity Company (Hartford, CT). Nassau Life and Annuity Company is not licensed in CA, GA, MA, ME, MN and NY, but that is subject to change. Please see nassau.re/states for current information on company licensing. Phoenix Safe Harbor Term and Phoenix Safe Harbor Term Express (ICC14PPTL or 14PPTL) are issued by PHL Variable Insurance Company (Hartford, CT). PHL Variable Insurance Company is not authorized to conduct business in Maine and New York. Nassau Life & Annuity Company and PHL Variable Insurance Company are subsidiaries of Nassau Re.

These insurers are separate entities and each is responsible only for its own financial condition and contractual obligations.

Nassau Life and Annuity Company and PHL Variable Insurance Company are subsidiaries of Nassau Re.

Nassau Re® is a registered trademark by Nassau Reinsurance LLC.