Level Term Series Revisions Effective 02/20/2025
On Thursday, February 20, 2025, Security Mutual Life will implement two changes to the LT Security Plus 3SM term life insurance policy series. First, rates for the 10-, 15- and 20-year level term options will be increased. Second, new sales of the 30-year level term option will be suspended effective with the close of business on Wednesday, February 19, 2025.
In-force policies remain unaffected by this change. There will be no change to premium rates for the 10-, 15-, 20- and 30-year level term riders available on the Security Designer WL4U3SM participating whole life insurance series. The 30-year level term rider continues to be available and unchanged.