Term

5 YRT to 75/ 10 YRT to 75   

Original line of business: Confederation Life

Updated on: Dec 10, 2018

Product snapshot

The 5 YRT to 75 / 10 YRT to 75 plans were originally issued by Confederation Life and provided renewable term insurance coverage on the life insured. These plans could be convertible or non-convertible. 

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: Yes

Bonus: N/A

Dividend options

Dividends are embedded in the policy premium and are not available to the client

Bonus

N/A

Premium paying period

Payable to anniversary following the 74th birthday of the insured

Policy fees

N/A

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: N/A

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

N/A

Loans

N/A

Withdrawals

N/A

Cash value

No cash values 

Reduced paid up

N/A

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

The death benefit will consist of the indexed amount of insurance in addition to any other amounts payable under the policy.  The indexed amount of insurance replaces the amount of insurance on the policy particulars page

Reinstatement period

2 years

Convertible

  • May be purchased as convertible or non-convertible
  • Convertible plan is convertible without evidence of insurability until age 65