Frequently Asked Questions

Outlined below are some commonly asked questions about HSBC's Simple Term product.

Who is HSBC?: HSBC Insurance is a subsidiary of HSBC North America Holdings, Inc. HSBC is one of the largest banking and financial services organizations in the world, with well-established businesses in North America, South America, Europe, the Asia-Pacific region, the Middle East and Africa.
What is the financial strength of HSBC?: HSBC is rated A+ "Superior" (2nd Highest Rating of 16) by AM Best Company.
What is Simple Term?: Simple Term is a term life insurance policy and process designed by HSBC as a quick way to apply for and receive term life insurance without a medical exam. Just answer a few health questions.
How does the application process work?: The first step is to request a no obligation, free quote from Simple Online Term. Determine the amount of coverage that best suits your needs and complete the online application.
Do I need to take a medical exam in order to qualify for coverage?: No. Simple Term does not require a medical exam. Just answer a few health questions.
What are my payment options?: You may pay with a credit card or automatic bank draft from your checking account.
Do I have to meet with an agent?: No. However, you may contact Simple Online Term if you wish to speak to a licensed agent.
In which states is coverage available?: HSBC is licensed in all 50 states and the District of Columbia.

Insurance Products are:
Not a bank deposit. Not FDIC insured. Not insured by any federal government agency. Not guaranteed by the Bank.

The website www.simpleonlineterm.com is owned and operated by OfficialQuote, LLC in accordance with its Privacy Policy and is not affiliated with HSBC Insurance. Michael Clark is the licensed agent. The term life insurance is issued by Household Life Insurance Company, home office Detroit, MI, administrative office Bridgewater, NJ or First Central National Life Insurance Company of New York, home office New York, NY, administrative office Bridgewater, NJ which are subsidiaries of HSBC North America Holdings, Inc. The product is an obligation of Household Life Insurance Company or First Central National Life Insurance Company of New York, only in New York. Life insurance policies contain exclusions and limitations; benefits may vary due to misstatement of age or sex. The product may not be available in all States. The policy is issued as Form Number HLI-8-132 for Household Life Insurance Company and Form Number CNY-8-815 for First Central National Life Insurance Company, or a variation of such. Companies are Rated as "A+ Superior" (2nd Highest Rating of 16) by A.M. Best Company. The HSBC Insurance logo is a trademark of HSBC North America Holdings, Inc. and is used under license.