Coverage starts immediately after we receive your first premium payment.
You will be notified by email when a PDF of your policy is available on your customer portal. This should happen within five minutes of receiving your first premium payment.
Many states require you to fill out a form to change your beneficiary. For more information, contact SwiftTerm Customer Care Center at 1-833-447-9438 or send us a message.
You have the option to designate someone who will get copies of the same notices we send to you. The secondary addressee is someone you choose to receive copies of any grace, lapse or reinstatement notices. For more information, click the links below, or contact SwiftTerm Customer Care Center at 1-833-447-9438 or send us a message.
Secondary addressee
NJ Secondary addressee
NY Secondary addressee
Yes. You can set up a third-party authorization and grant a trusted third party access to your account. For more information, contact SwiftTerm Customer Care Center at 1-833-447-9438 or send us a message.
Yes. Please contact your insurance professional or the SwiftTerm Customer Care Center at 1-833-447-9438 or send us a message.
You can cancel your coverage for any reason during the life of the policy if you decide you no longer want it. Contact the SwiftTerm Customer Care Center at 1-833-447-9438 or send us a message.
If the date you cancel is within your 30-day Free-Look Period, you will receive a full refund.
If you are outside the 30-day Free-Look Period and already paid premium that applies beyond the month of your cancellation, we will refund that unused premium. For example, if you decided to cancel in the second month of your policy, but already paid the annual mode of premium, we will refund you the excess amount.
In most cases, you can decrease your coverage after the first policy year (subject to a minimum face amount), but you will need to buy a new policy if you want to increase your coverage. The optional riders that are available for an additional cost must be purchased when the policy is issued. They cannot be added later after a policy is in force.
You will be notified that the term period is ending and can continue your coverage or choose to cancel it. If you cancel, no further premiums will be charged and your coverage will end. If you don’t cancel, your policy will automatically renew until age 95 at annually increasing premiums.
Sorry, no. Term life insurance does not have cash value or an option for withdrawing or borrowing money.