OUR FAMILY1® BRANDED PRODUCTS OFFER PRENEED INSURANCE
With Texas Service Life Insurance Company, the following options are available:
Insurance policies are subject to a two-year contestability period. Talk with your TSLIC agent to determine the right funeral selections, funding policy, and payment options most suited to you.
FULL BENEFIT INSURANCE
This policy is available for applicants in excellent health. Payment options include a single payment, or payments over 3, 5, 7 and 10 years. Covers 100% of the locked-in costs of your pre-arranged funeral plan as long as you qualify and payments are made as scheduled.
GRADED BENEFIT INSURANCE
This policy is available for applicants in poor to moderate health. Covers increasing percentages of locked-in funeral costs over time, as shown in the table below. The funeral home is entitled to collect the difference, if any, between the total contract price and the death benefit at time of death.
MONTHLY INCREASING BENEFIT LIFE INSURANCE
Any one can purchase the Monthly Increasing Benefit policy. When payments are made as scheduled, the death benefit is based on the amount paid up until the time a claim is filed. Once your policy is paid in full, the full benefit value will be paid upon your death.