Safe Harbor Term

Nassau Safe Harbor TermSM

Get the most out of life.

Safe Harbor Term Brochure Cover

Safe Harbor Term — a term life insurance policy specifically helps families get the most out of life.

Term insurance is an effective way to protect your family and cover expenses like short and long-term debts, medical bills, and college tuition in the event of an unexpected death. Safe Harbor Term and Safe Harbor Term Express offer death benefit protection in periods of 10, 15, 20 or 30 years.

Both Safe Harbor Term products also include four living benefit riders1, offering additional flexibility and coverage for a number of unexpected events. These riders are available at no additional premium and offer protection for:

  • Critical Illness
  • Chronic Illness
  • Terminal Illness
  • Unemployment

Safe Harbor Term and Safe Harbor Term Express Rider Availability:

  • Accidental Death Benefit Rider (optional) - available in all states for additional premium
  • Chronic Illness Accelerated Death Benefit Rider - automatically issued at no additional cost in all states except CA
  • Critical Illness Accelerated Death Benefit Rider - automatically issued at no additional cost in all states except CA and CT
  • Terminal Illness Accelerated Death Benefit Rider - automatically issued at no additional cost in all states except CA
  • Waiver of Premium for Unemployment Rider - automatically issued at no additional cost in all states except CA, CT, MD, TN, VA, and WA

  • Lump sum death benefit paid to policy beneficiarie(s)
  • Non-medical underwriting: no paramedical exam; APS in certain cases
  • Standard Non-Tobacco and Tobacco risk classes
  • Substandard ratings are available
  • The policy will have a free look period based on State laws

Term Periods and Issue Ages

Minimum Age Maximum Age
10 year 18 70
15 year 18 70
20 year 18 65
30 year (non tobacco) 18 55
30 year (tobacco) 18 50

Issue Age and Face Amounts

Issue Age Face Amounts
18 -50 $50k - $500k
51 - 60 $50k - $400k
61 - 70 $50k - $300k
  • Level premiums during the term period
  • Annually renewable premium rates are available after the term period until age 100
  • Standard Non-Tobacco and Tobacco risk classes
  • Policy fee = $72/year
  • Monthly bank draft, or quarterly, semi-annual or annual billing

Premium Modes

Mode Model Factor
Annual 1.0000
Semi-Annual 0.5125
Quarterly 0.2625
Monthly Bank Draft 0.0863

Three of the included riders give your client the option to advance up to 95% of the death benefit on the exercise date in the event of a serious illness.

  • Rider exercise is optional
  • No waiting period applies
  • Minimum acceleration amount is $5,000
  • The policy death benefit is reduced by the benefit amount accelerated, however, the actual amount paid is discounted based on the condition and life expectancy of your client1
  • Future premiums are based on the death benefit after rider exercise and must continue to be paid to keep remaining death benefit in force
  • An administrative charge of $200 per election applies
  • Diagnosis must be certified in writing by a licensed physician
  • A portion of the death benefit may be taxable and your client should consult a tax advisor before deciding to exercise their rider

Critical Illness Rider

Available if your client is diagnosed with a specified critical illness: heart attack, stroke, cancer, kidney failure, major organ transplant, ALS

  • Multiple benefit elections available; must wait 180 days between elections

Chronic Illness Rider

Available if your client is unable to perform (without substantial assistance) at least 2 of the 6 activities of daily living (ADL’s) or have a severe cognitive impairment. ADLs include: bathing, continence, dressing, eating, toileting, transferring

  • Must be impaired for the past 90 days
  • Multiple benefit elections available; one per calendar year

Terminal Illness Rider

Available if your client is diagnosed as terminally ill with a life expectancy of 12 months or less

Unemployment Rider

Waives 6 months worth of premium if your client becomes unemployed for at least 4 weeks.

  • Automatically included for issue ages 18-60
  • Your client must elect this rider within 90 days of qualification
  • Your client must be receiving state or federal unemployment benefits to qualify
  • Waiting period of 24 months from date of issue applies
  • One time election
  • Terminates at age 65 and at end of term period

Accidental Death Benefit Rider (optional)

Pays an additional lump sum death benefit upon insured’s death if such death occurs by a covered accident.2

  • Additional premium required
  • Must be elected at issue
  • Insured must be under 65 at issue
  • Terminates at insured’s age 70
  • No medical evidence is required
  • Full and partial conversions are allowed
  • Same underwriting classification as term product will apply
  • Click here for more detailed information and term conversion forms

Term Conversion Periods

Product Duration
10 year 5
15 year 7
20 year 10
30 year 10
  • Agent is fully compensated for premium above the old annual premium (on the replaced policy)
  • Agent compensation, on the new policy, is reduced by any first year earned (or unearned commission remaining), on the original policy according to the table below:
Percentage of Reduced Compensation on the New Policy Policy Year of Replaced Contract
100% 1-3
80% 4-5
60% 6-7
40% 8-9
20% 10-12
0% 13+


New Policy Year One Commission Payable $600
Replaced Policy Year One Commission $300
Commission Payable on the New Policy $300

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Important Disclosures

Nassau Safe Harbor Term and Nassau Safe Harbor Term Express (ICC18NPTL or 18NPTL) are issued by Nassau Life and Annuity Company (Hartford, CT). In California, Nassau Life and Annuity Company does business as “Nassau Life and Annuity Insurance Company.” Nassau Life and Annuity Company is not licensed in MA, ME, MN and NY, but that is subject to change. Please see for current information on company licensing. Nassau Life & Annuity Company is a subsidiary of Nassau Re.

1 This discount can be substantial if there is little impact on life expectancy (after & acceleration). Administrative charge will apply upon rider election. The policy death benefit will be reduced when rider is exercised. Rider benefits are not long-term care. See product brochure for additional details.

2 Refer to the Accidental Death Benefit Rider (Sample ADBR) in the Other Important Downloads section of this page for more information (at end of section on ADBs).

Guarantees are based on the claims-paying ability of the issuing company. Product features, rider options and availability may vary by state.