Prosperity PrimeTerm To 100: Complete Guide

Prosperity Life Insurance Group, with its member companies, offers a variety of life insurance products, including a form of no exam life insurance – PrimeTerm to 100.

Think of PrimeTerm to 100 as life insurance that is similar to a guaranteed issue policy, but at more affordable prices.

This form of coverage is not for everyone. Instead, there are specific circumstances in which we recommend applying.

Here, you will find everything you need to know about Prosperity’s PrimeTerm to 100 – including product details, the application process, and rates.

Table Of Contents

  1. Company Overview
  2. PrimeTerm To 100
  3. Application Process
  5. How to Apply

Prosperity Company Overview

Headquartered in Austin, Texas, Prosperity Life Insurance Group is fairly new to the block, as it was founded in 2009.

Its member companies, however, have a longer history and include:

  • Shenandoah Life Insurance Company
  • SBLI Life Insurance Company, Inc.
  • S. USA Life Insurance Company

What that means – When you purchase a policy through Prosperity, the underwriting will be completed by one of its member companies.

Prosperity offers a number of insurance products, including term and permanent life insurance, and supplemental insurance plans.

Financial strength rating: A- (A.M. Best)

Interesting fact – The SBLI Life Insurance Company, Inc. is not affiliated with The Savings Bank Mutual Life Insurance Company of Massachusetts.

PrimeTerm To 100 Details

There are some important factors to understand about this life insurance product to determine if it’s the right type of coverage for you.

First, PrimeTerm to 100 should not be your first choice for coverage.

Why? If you can qualify for traditional coverage, like a 20-year term life policy, odds are, you can purchase more coverage for less cost.

However, if your health is less than great, you may need to look at alternative forms of coverage.

Akin to guaranteed issue life insurance, PrimeTerm 100 is best for those who have a serious health condition or two, like very high blood pressure or have poorly controlled diabetes.

There are five important features pertaining to this product to be aware of:


Analyze the following five important features:

1. Issue Ages

PrimeTerm to 100, like guaranteed issue policies, only issues coverage to a limited age group.

You must be between the ages of 40 – 80 years.

If you are younger than age 40, and traditional coverage is not an option, look into accidental death and dismemberment insurance. When you turn 40, you can apply PrimeTerm 100.

2. Face Amount

PrimeTerm 100 offers modest face amounts: $5,000 – $30,000.

Someone who buys this form of coverage often uses the death benefit for:

  • Debts
  • Medical bills
  • Funeral expenses

In comparison, traditional term coverage is available in large face amounts, like $500,000.

3. Wait Time

Because the application is simplistic in nature and is typically completed over the phone, your wait time is minimal.

Expect the turnaround time to be minutes.

You will only be required to ask a few health questions. True guaranteed issue life insurance policies ask no health questions.

4. Policy Length

PrimeTerm to 100’s initial policy length is 20 years. But, it lasts until age 100.

After the initial term, your death benefit gradually decreases until you reach 100 years. At that point, your policy expires.

Important – your premiums remain level for the life of the policy.

5. No Exam

Prosperity does not require a medical exam for this form of coverage.

You can purchase the policy from the comfort of your home without the need for a nurse, needle, or liquid samples.

Additional Details

There are some further features to be aware of.

Graded Death Benefit

It is important to know that your beneficiaries do not receive the full death benefit immediately after your policy is issued.

Instead, to protect their financial interests, Prosperity uses a graded death benefit model:

  • Year 1 = return of premium plus 15% interest
  • Year 2 = 30% of face amount for issue age 40 – 74; 40% of face amount for issue age 75 – 80
  • Year 3 = 60% of face amount for issue age 40 – 74; 70% of face amount for issue age 75 – 80
  • Years 4 – 20 = full face amount
  • Years 21+ = uniformly decreasing annually until expiry (age 100), to 5% of the face amount in the year preceding expiration

Important – if death occurs as a result of a qualifying accidental death during the first three years, the death benefit is paid in full.

Note – almost all guaranteed issue policies include a graded death benefit.


Riders are provisions to a life insurance contract, in addition to the death benefit.

  1. Accelerated death benefit – automatically included in the policy. Provides up to a 50% advancement on the death benefit if the insured is diagnosed with a terminal illness.
  2. Accidental death benefit – for an additional cost. Pays an additional death benefit in the event of an accidental death. (Expires at age 75.)

Policy Loans

Because PrimeTerm to 100 is designed to be low-cost, cash values are also meant to be kept to a minimum.

That being said, after the first policy year, loans are available up to the full cash value, less interest in advance to the next policy anniversary.

Application Process

Should you determine PrimeTerm 100 is a good fit for you, your application process will be simple and straightforward.

In addition to providing your basic information, like your address and social security number, you will need to provide beneficiary information.

Next, plan to answer three basic health questions:

  1. Within the past two years, have you been confined to or have been advised by a licensed medical professional, to be admitted to a nursing home, hospice or extended care, special treatment facility, required use of oxygen equipment, or need assistance performing ADLs.
  2. Within the past two years, have you been diagnosed by a member of the medical profession with:
    1. any cancer (excluding Basal or Squamous cell skin cancer)
    2. heart attack
    3. heart surgery
    4. cardiomyopathy
    5. congestive heart failure
    6. stroke
    7. Alzheimer’s disease or dementia
    8. major organ transplant surgery
  3. Have you been advised by a licensed medical professional that your life expectancy is less than 24 months (terminal illness)?

Your acceptance is based on the ability to answer “No” to those three questions.

Further, two databases will be checked:

  • Medical Information Bureau (MIB)
  • Prescription history

Note – your smoking status, height, and weight are not factors in the underwriting.

Should I apply?

Only apply for PrimeTerm 100, or a similar form of coverage with minimal underwriting, if you do not qualify for traditional life insurance.

In fact, Prosperity states the following:

“Since this policy is issued with minimal or no medical underwriting, the premium rate charged includes an extra mortality risk charge.

If you are healthy enough to qualify as a ‘Standard’ risk, premiums would likely have been lower if you had applied for a fully underwritten policy.”

An independent agent (that’s us) can help you determine your options.

Prosperity Quotes

For every $1,000 of coverage, you can expect to pay the following in premiums.

Note – rates are subject to change.

PrimeTerm To 100 Premium Rates per $1,000

40 year old$39.84$35.65
41 year old$41.03$36.40
42 year old$42.38$36.86
43 year old$43.67$37.19
44 year old$45.06$37.49
45 year old$45.81$38.01
46 year old$45.94$38.29
47 year old$46.32$38.86
48 year old$46.87$39.58
49 year old$47.66$40.44
50 year old$48.28$40.89
51 year old$50.00$42.58
52 year old$51.56$44.22
53 year old$53.36$45.77
54 year old$55.38$47.40
55 year old$58.21$49.16
56 year old$59.96$49.71
57 year old$62.49$51.39
58 year old$65.14$53.15
59 year old$67.91$55.02
60 year old$70.29$55.82
61 year old$73.83$59.21
62 year old$77.00$61.58
63 year old$80.35$64.21
64 year old$83.90$67.13
65 year old$87.92$71.29
66 year old$91.84$74.06
67 year old$93.31$78.17
68 year old$106.57$82.77
69 year old$106.57$87.90
70 year old$112.45$93.18
71 year old$118.88$99.85
72 year old$125.91$106.67
73 year old$133.53$114.03
74 year old$141.73$121.87
75 year old$150.45$130.20
76 year old$159.70$138.58
77 year old$169.26$147.16
78 year old$179.01$155.62
79 year old$188.72$163.68
80 year old$198.12$170.98

Keep in mind, your premiums remain level for the life of the policy.

How To Apply

First, be sure to rule out traditional forms of life insurance, first.

Generally speaking, if you have a serious medical condition, like a recent history of cancer, you may need to look at a product like PrimeTerm 100.

Next, determine the face amount you want to purchase, somewhere between $5,000 – $30,000.

Finally, be ready to communicate your basic information – address, social security number, and beneficiary information.

Start with your free quote.