5Star Term Life to 100 Review

5Star Disadvantages

1. It isn’t Final Expense Life Insurance 

5Star’s Term Life to 100 is just that. Life insurance coverage to age 100. If you live past 100, your policy will end. This product is not Whole Life Insurance or Final Expense Insurance, and will not build cash value benefits.

2. Coverage Amounts Aren’t Guaranteed, but Premiums Are

Before you get alarmed, 5Star has never had to lower coverage amounts from any of their products. The 5Star Term Life Insurance to 100 offers a guaranteed premium until age 100.  Now the coverage amount for this policy is also made to remain level until age 100. However, the coverage amount can lower after 10 years for the entire group if there happens to have an unexpected mortality for the group.

3. Limited Maximum Death Benefit Amounts

5Star Term Life to 100 has a maximum benefit of $100,000.  If you are looking for a benefit that is more than $100,000, then you would need to look for another policy. You also could “stack” a 5Star policy with another life insurance policy. Stacking is when you purchase multiple policies to meet your goal of a specific benefit amount.  For example, if your goal is a $500,000 life insurance policy, you will need to purchase multiple life insurance policies.

Death Benefit Levels

  • Ages 18-50: Up to $100,000
  • Ages 51-60: Up to $50,000
  • Ages 61-64: Up to $25,000

4. Cost

The 5Star Term to 100 has a higher premium than your typical fully underwritten term life insurance policy. However, for many applicants with medical issues it may actually be cheaper depending on your circumstances and condition(s).

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