Life Insurance
We offer affordable life insurance through Savings Bank Life Insurance (SBLI) and right at your local Naugatuck Valley Savings and Loan branch. SBLI provides high-quality, low-cost life insurance to Connecticut residents or anyone employed in Connecticut.
Choose from a variety of plans to meet your budget and life insurance needs:
Super EZ Life Insurance
SBLI Level Term life insurance plan locked in for 10, 15 or 20 years and permanent coverage-guaranteed for life. There are NO medical exams or lab tests* and you can apply for up to $150,000 of combined coverage with a simple application.
*Qualification is based on SBLI’s underwriting review.
SuperTerm Life Insurance
Choose from Yearly Renewable Term life insurance with automatic renewals each year or lock in your rate with a Level Term policy guaranteed for 10, 15, 20, 25 or 30 years. SBLI’s low-cost SuperTerm Life Insurance is available from age 21 in policy sizes of $100,000 to $5 million.
SuperTerm ROP Life Insurance
Get the life insurance that pays you back! With the Return of Premium (ROP) feature you can get 100% of your premiums returned** to you, tax-free, if you outlive your policy term. Available level term policies guaranteed for 20, 25 or 30 years.
**Excludes flat extras, substandard ratings and additional rider premiums.
Single Premium Children’s Term Life Insurance
Protection up to age 22 for a single, one-time-only premium payment. It also guarantees the right to convert up to $50,000 of life insurance with no health questions to answer.
Permanent Life Coverage
Permanent insurance available in amounts up to $5 million. Your premium remains level and does not increase with age. Coverage continues for life, while earning cash value and dividends (as earned) which can be used for any purpose such as retirement, education, etc.
Guaranteed Golden®
Low-cost guaranteed issue life insurance for people ages 50 through 80. There are no health questions or physical exams to worry about, and you cannot be cancelled because of age.
Mortgage Life Insurance
Cover your mortgage with SBLI Mortgage Life Insurance and have the premium included in your monthly mortgage payment. Your premiums will not increase with age, and coverage continues until your loan is paid off.
EstateWise Single Premium Whole Life (SPWL)
For a one-time, single premium payment you can provide the maximum amount of tax-free estate transfer to pass to the next generation.
Naugatuck Valley Savings and Loan has SBLI representatives to assist you at the following branches. Simply click to e-mail them now!
