What is the free life insurance with Savings+?

The free life insurance payout is exactly how it sounds. It’s an added layer of protection at no extra cost and can grow up to $10,000. If an account holder were to pass away, the beneficiaries would receive their account funds plus the free life insurance payout. Best of all, it doesn’t require underwriting or a medical exam


The way it works is simple. The more you save, the more life insurance you can earn! See how it’s calculated

  • Life insurance goes into effect 91 days after you open an eligible account. 
  • Account holders ages 18-64 can receive 10% free life insurance. 
  • Account holders ages 65-79 can receive 1% free life insurance.  
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