The Life Insurance Difference

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Life Insurance

Naugatuck Savings Bank offers affordable life insurance through Savings Bank Life Insurance (SBLI). SBLI provides high quality, low cost life insurance to Connecticut residents or anyone employed in the state of Connecticut.

And, best of all SBLI insurance is available through your local Naugatuck Savings Bank office.

Through Savings Bank Life insurance we offer a variety of plans to meet your budget and life insurance needs.

SuperTerm Basic Value Life Insurance

The most affordable and practical insurance that enables you to lock in your rate for 10 years. Or you can choose a Yearly Renewable Term with automatic renewals each year. SuperTerm Basic is available from age 15 with policy sizes from $25,000 to $95,000.

SuperTerm Life Insurance

SuperTerm Life insurance offers rate lock terms for 10, 20, and 30 years as well as a Yearly Renewable Term. Low cost SuperTerm insurance is available from age 21 with policy sizes of $100,000 to $1,000,000.

Whole Life Coverage

Whole Life insurance is permanent insurance that earns cash value and dividends. Although the premium is higher than term, your premium remains level and does not increase with age. You can choose from:

• Straight Life - SBLI's lowest cost permanent life insurance that builds tax-deferred cash value and dividends. Your death benefit never decreases and your premium never increases.
• 20 Payment Life - Provides the same permanent protection as Straight Life, but you pay a fixed premium for only 20 years while your coverage continues past that.
• Children's Term Life Insurance - Children's Term Life Insurance provides an exceptional value, as well as protection. For a low, one-time premium you can start building a secure future for your children or grandchildren. It is available for any child age 15 days to 15 years. Once approved, the policy covers the child up to age 22 and at that time is guaranteed the right to convert coverage to an SBLI policy up to 5 times the original amount.
• Life paid up at Age 65 - You pay level premiums that end when you turn 65. Your coverage and cash values will continue for the rest of your life.

Mortgage Life Insurance

Mortgage coverage for the amount of your mortgage, up to $1,000,000 that continues until the loan is paid off. Coverage decreases as you pay down the principal balance on your loan.

Disclosure

Insurance products and annuities are not a deposit or other obligation of, or guaranteed by Naugatuck Savings Bank ("the Bank") or any other affiliate of the Bank; are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other agency of the United States, the Bank or any other affiliates of the Bank.