Vanguard Group is making term life insurance available to its shareholders through the online Vanguard Term Insurance Program. Policies are issued by Peoples Benefit Life Insurance Co., which is an Aegon company based in Cedar Rapids, Iowa.
Coverage is available for a term of either 10 or 20 years, in amounts ranging from $100,000 to $10 million. Coverage can be continued on a year-by-year basis after the initial term concludes up to age 90, or age 80 in New York.
Applicants can obtain a quote online or speak to an insurance associate to determine how much coverage is needed. A medical exam precedes underwriting approval. A disability premium waiver and accelerated death benefit can be added to the policy.