Chase Insurance Life and Annuity Company

Chase Insurance Life and Annuity Company
Name: Chase Insurance Life and Annuity Company
Description: Chase Insurance Life and Annuity Company is a member of J.P. Morgan Chase Co.
Website: http://www.chase.com
Customer Service: 1-800-321-9313 
Address: 2500 Westfield Drive
Elgin,IL 60123-7836
Offered by QuickQuote in: All states except for: NY, TX, WV, WY
Year Founded: 1905
AM Best Rating: A as of 2006
S&P Rating: A

Included Term Life Product Features

Conversion Provision: Included with no extra premium. Prior to the earlier of the 20th policy anniversary or the policy anniversary nearest the insured’s 70th birthday, the policy may be converted to an eligible Chase Insurance whole life or flexible premium adjustable (cash value) life insurance policy. The new policy must havea higher minimum-premium rate than the Chase Insurance ChaseTerm plan at the time of conversion.
Accelerated Death Benefit: Automatically added at no additional cost in states where available, this rider provides for advance payment upon request of the lesser of 50% of the existing death benefit or $250,000, if you have become terminally ill with a life expectancy of 12 months or less. The minimum amount that may be accelerated is $10,000. A one timeadministrative fee will be deducted from the advance and an interest bearing lien will be established against the policy. Receipt of anadvance may affect eligibility for public assistance programs and may be taxable. Consult with social service agencies and a qualified tax advisor. Issue ages 1-80. Rider series S-9379.

Optional Term Life Product Features

Dependent Children's Rider: Available with extra premium. Provides term life insurance coverage for the insured's dependent children. Parent issue ages are 18-60 and child issue ages are 15 days - 18 years. Coverage expires on the earlier of the child's age 23 or the insured's age 65. One unit equals $1,000 coverage with 5-20 units available. Cost per unit is $8.00 annually. Rider series S-9308.
Waiver of Premium Rider: Available with extra premium. Provides for the payment of policy premiums in the event of the total disability of the insured, with a six month waiting period. Issue ages are 20-55. Coverage expires at the policy anniversary nearest attained age 60. Please email or call for details and premium rates. Rider series S-9335.
Accidental Death Benefit: Available with extra premium. This rider pays an additional death benefit if thecause of death is due to a covered accident. Issue ages 18 to 60. Death must occur prior to age 70. Death must occur within 90 days after the covered accident. The minimum face amount is $25,000 and the maximumface amount is $250,000. The ADB rider's face amount cannot exceed the plan's face amount. Please email or call for details and premium rates. Rider series S-6011.

Other Information

Legal Information Policy Form Series R-3210, R-3213 and S-3224. Premiums include the annual policy fee of $60.00. Maximum issue ages in WA: 10-yr = 70, 15-yr = 65, 20-yr = 60.

Chase Insurance Life and Annuity Company Plans

ChaseTerm 10 10-year term life insurance with rates guaranteed for 10 years.
ChaseTerm 15 15-year term life insurance with rates guaranteed for 15 years.
ChaseTerm 20 20-year term life insurance with rates guaranteed for 20 years.
ChaseTerm 30 30-year term life insurance with rates guaranteed for 30 years.
Complete Term 15
View Brochure 		15-year term life insurance with rates guaranteed for 15 years. The plan returns all premiums paid by the policy owner at the end of the 15-year term if no claim has been made. A portion of the paid premiums may be returned if the policy is terminated prior to the end of the term.
Complete Term 20
View Brochure 		20-year term life insurance with rates guaranteed for 20 years. The plan returns all premiums paid by the policy owner at the end of the 20-year term if no claim has been made. A portion of the paid premiums may be returned if the policy is terminated prior to the end of the term.
Complete Term 30
View Brochure 		30-year term life insurance with rates guaranteed for 30 years. The plan returns all premiums paid by the policy owner at the end of the 30-year term if no claim has been made. A portion of the paid premiums may be returned if the policy is terminated prior to the end of the term.

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