Silsbee, Texas. Silsbee is a city in Hardin County, Texas, United States. It is located at the intersection of U.S. Highway 96 and State Highway 327. The population was 6,611 at the 2010 census. It is part of the BeaumontâPort Arthur Metropolitan Statistical Area.
Indeterminate premium life insurance is a type of whole life insurance that specifies two premium rates: a guaranteed maximum, and a lower rate you actually pay. The lower premium level is for a set period of time. Then the company establishes a new rate that may be higher or lower than the initial premium.
Extended Term Insurance - The nonforfeiture option which provides that the cash surrender value of a policy may be used as a net single premium at the attained age of the insured to purchase term insurance for the face amount of the policy, less indebtedness, for as long a period as possible, but not longer than the term of the original policy.