Included with no extra premium. The insurance policy may be converted to a level-premium, level death benefit permanent life insurance plan during the conversion period without evidence of insurability. The conversion period extends to the earlier of the end of the term period or the insured's attainment of age 75.
Optional Term Life Product Features
Waiver of Premium Rider:
Available with extra premium. This rider will pay insurance policy premiums in the event of the insured's total disability after a six month waiting period. Issue ages depend on the policy term. Coverage expires following the insured's attainment of age 60. Please email or call for details and premium rates.
Child Rider:
Available with extra premium. Parent issue ages are 20-55 and child issue ages are 15 days up to 22 years of age. Coverage expires on the earlier of the insurance policy anniversary nearest the child's age 25 and parent's age 65. One unit of coverage equals $1,000 with a maximum of 10 units. Annual cost per unit is $5.00 for insured issue ages 20-50, and $7.50 for insured issue ages 51-55.
15-year term life insurance with rates guaranteed for 15 years. The plan returns all premiums, minus any fees, extra charges or premiums for optional riders 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.
20-year term life insurance with rates guaranteed for 20 years. The plan returns all premiums, minus any fees, extra charges or premiums for optional riders 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.
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