Great Southern Life Insurance Company filed to introduce a new individual term life insurance product in Florida called Term to 95 Life Insurance. The policy offers level premiums for an initial period of 10, 15, 20, 25, or 30 years, after which premiums increase annually until age 95. It is a non-participating product with no cash value, designed for the individual market and sold through licensed agents.
Optional riders include a Children’s Term Insurance Rider providing coverage up to age 25, a Waiver of Premium Rider in the event of total disability, and an Involuntary Unemployment Waiver of Premium Rider—automatically included with the disability rider—that suspends premiums when the insured loses employment through no fault of their own. The product is positioned as a long-term protection solution for individuals seeking extended term coverage without the complexity or cost of permanent life insurance.