Permanent Term

Adjustable Term 100 – 25 Pay 

Original line of business: Sun Alliance

Updated on: Dec 10, 2018

The Term 100 plan provides fully guaranteed life insurance protection to age 100. There are 4 premium options for these products. Adjustable Life Pay, Adjustable 25 Pay, Guaranteed Life Pay, Guaranteed 25 Pay.

Product administration guide: N/A

Sample contract: N/A

Dividend options: N/A

Bonus: N/A

Dividend options




Premium paying period

Term 100 adjustable: premiums are guaranteed for the first 10 policy years. The policy is then reviewed at the end of year 10 and every 5 years thereafter 

  • At each adjustment date, premiums may be increased, decreased or remain the same, depending upon the pricing assumptions and actual experience of interest, lapses, expense and mortality
  • Term 100 adjustable is participating. Participation in the experience of the company is reflected in the premium adjustments only. No bonus or dividends will be paid
  • Premiums may be paid for life or 25 years. With the 25-year plan, premiums will never be paid past the 25th year. Therefore, there is a maximum of 3 adjustment dates for Term 100 adjustable 
  • If there is a premium increase, the owner may elect to lower the sum insured to maintain a level premium. In this case, the guaranteed cash and paid-up values would be based on the reduced sum insured

Policy fees


Deposit load


Non forfeiture option: Yes

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

31 day grace period





Cash value

  • Cash surrender values apply to all Term 100 policies and are guaranteed
  • For 25 pay plans, CSVs start after the 25th year

Reduced paid up

  • Reduced paid-up values apply to all premium options and are fully guaranteed
  • 25 pay plans: there are no reduced paid-up values prior to the 25th year
  • Following the 25th anniversary, the plan is fully paid-up for life

Premium offset/holiday: N/A

Premium offset/holiday


Death benefit

Basic coverage only

Reinstatement period

You may apply to reinstate your policy at any time within two years after the start of the grace period