BC Life & Health Insurance Company Adds Additional Face Amount Offerings for Individual Term Life Policies

Financial security for the future is a worry item for many Americans, and life insurance is an affordable solution. According to LIMRA International (LIMRA), life insurance leads all other sources of financial assets or income that Americans expect to use to help pay bills and to maintain their lifestyle if the primary wage earner dies. BC Life & Health Insurance Company, through affiliate company Blue Cross of California, today announced an increase in individual term life insurance benefit amounts options to $15,000, $30,000, $50,000, $75,000 or $100,000 for most ages.
A BC Life & Health Insurance Company individual term life insurance policy can help protect loved ones and cover such costs as mortgage repayments, salary replacement and child care costs. BC Life & Health Insurance Company individual term life insurance policies are available to applicants at the same time they apply for Blue Cross of California individual medical coverage or if already a Blue Cross of California individual medical member. When BC Life & Health Insurance Company's individual term life insurance policies are purchased with individual medical coverage members benefit from:
- One bill for all of life and health insurance needs
- No additional forms to fill out
- No medical exams
- Coverage for children for as little as $1.50 per month
- Coverage for adults for as little as $2.80 per month
"It is important to ask yourself, 'Have I prepared for my family's financial future? How much coverage do I need to maintain my family's current standard of living?' The new face amounts BC Life & Health Insurance Company is offering will help families better prepare for their financial future," said Nicholas L. Brecker, president of BC Life & Health Insurance Company. "We recommend that you review your life insurance coverage annually to be sure your family's financial needs will be met now and in the future."
BC Life & Health Insurance Company individual term life insurance policies are designed to pay out the policy face amount in the event of the policyholder's death. The policy stays in-force until age 65, and as long as the premium payments are made. The face amount is guaranteed, and remains unchanged throughout the life of the policy.
"No one can predict the future or likes to plan for the worst," said Brian A. Sassi, president and general manager of BCC. "With BC Life & Health Insurance Company, you can enjoy security and peace of mind, knowing your family will have financial support at a difficult time."
You can access BC Life & Health Insurance Company at www.bluecrossca.com. Blue Cross of California is an affiliate of BC Life & Health Insurance Company and offers the convenience of health, prescription, dental, vision and employee assistance programs. Life products are underwritten by BC Life & Health Insurance Company, an independent licensee of the Blue Cross Association.
About Blue Cross of California:
Blue Cross of California is a subsidiary of WellPoint, Inc. (NYSE: WLP - News), whose mission is to improve the lives of the people it serves and the health of its communities. It is the largest publicly traded commercial health benefits company in terms of membership in the United States, and an independent licensee of the Blue Cross Blue Shield Association and serves its members as the Blue Cross licensee for California; the Blue Cross and Blue Shield licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas City area), Nevada, New Hampshire, New York (as Blue Cross Blue Shield in 10 New York City metropolitan counties and as Blue Cross or Blue Cross Blue Shield in selected upstate counties only), Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.), Wisconsin; and through UniCare. Additional information about Blue Cross of California is available at www.bluecrossca.com