Boston Mutual Life Insurance Company
Boston Mutual Life Insurance Company was formed in 1891. From its beginnings, this company has been dedicated to offering excellent products and services. They continue to focus on this goal while maintaining a strong commitment to giving their customers quality service. They have a full line of innovative benefits for both groups and individuals, and their term life products are extensive. Total assets for the Boston Mutual Life Insurance Company are nearly $750 million, while their total insurance in force is $260 million.
Boston Mutual Life Insurance Company offers a wide variety of life insurance, including ordinary life, LifePlus Accumulator ( an interest-sensitive endowment) , disability income insurance, and different types of term insurance.
Boston Mutual Term Insurance Offerings
Annual Renewable term
This policy can be renewed annually up to the age of 80 without proof of insurability. Premiums increase each year according to age. This policy may be converted within the first six years.
Ultima Decreasing Term
This competitively priced 15, 20 or 30 year product is specially designed for the modern mortgage holder. The decreasing protection has level premiums. 80 percent of the face value is convertible. It can be combined with a variety of riders, including disability income and loss of employment riders.
Level Term to Age 65
This policy provides protection to the individual up to the age of 65, with the ability to convert up until the age of 60. The guaranteed premiums are level.
Available Riders at Boston Mutual
Boston Mutual offers an unusual range of special riders for its insurance. These include an extra protection rider, a security plus-critical illness rider, guaranteed insurability, purchaser insurance rider, spouse insurance rider, disability income rider, children’s insurance agreement, Insured/ second insured level term to 65 rider, Accelerated benefits option rider, and a transfer option.
Boston Mutual Ratings
A.M. Best: A-
The financial strength of a company and potential for prolonged survival are represented by the above ratings.
Boston Mutual Life Insurance Company Information
120 Royall Street
Canton. MA 02021-109
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