Available with no extra premium. If the insured is diagnosed by a U.S.-licensed physician with a medical condition expected to be terminal within 12 months, this benefit allows the policyowner to withdraw up to 100 % of the face amount, up to an aggregate maximum of $250,000, less any interest, premium due and administrative charges. Available in most states.
Conversion Option:
Available with no extra premium. Without providing evidence of insurability, these policies are guaranteed convertible to the end of the guaranteed premium term or the insured's age 80, if earlier. The policyowner may convert this coverage to any permanent life policy that the Company then makes available for conversion.
Optional Term Life Product Features
Waiver of Premium Rider:
Available with extra premium. The insured must be disabled for six months before the benefit commences. Company will waive up to five years of regular premium payments if the insured is unable to work at his or her regular occupation, and, thereafter, if unable to work at any occupation. Coverage is issued to age 55 (age 50 for the 30-year term policy). Email or call for details and premium rates.
Accidental Death Benefit Rider:
Available with extra premium. This benefit is issued through age 60 on the base insured (age 50 for the 30-year policy). The benefit and its premium terminate at the policy anniversary when the insured is age 65. The maximum benefit amount is an aggregate of $250,000 for all JNL policies held by the insured. This rider is not available for business cases or for case rated Table 4 or greater. Please call or email for premium rates and details.
Children Insurance Rider:
Available with extra premium. Provides term insurance for each child of the family to age 22. It insures all children, including stepchildren and legally adopted children, under the age of 18 at the time of application, as listed on the original application. Children born or adopted after policy issue are automatically covered when 14 days old. Coverage is $5,000 per unit, up to a maximum of five units. Cost per unit is $25.00 annually. Available to base insureds ages 18-60.
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