Term

Adjustable Term 100

Original line of business: Royal Life

Updated on: Dec 10, 2018

Product snapshot


Adjustable Term 100 is a term insurance payable to age 100 where premiums are guaranteed level for the initial 10 years and are subject to review at the 10th anniversary and every 5th anniversary thereafter. Policy becomes fully paid-up or matures at age 100.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: N/A

Bonus: N/A

Dividend options

N/A

Bonus

N/A

Premium paying period

Premiums are payable to age 100

Premiums are guaranteed level for the initial 10 policy years and subject to review on the 10th policy anniversary and every 5th policy anniversary after 

Policy fees

N/A

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

31-day grace period

Loans

N/A

Withdrawals

N/A

Cash value

N/A

Reduced paid up

N/A

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

Basic coverage only

Reinstatement period

The policy may be reinstated within 3 years after the first unpaid premium, provided satisfactory evidence of insurablilty is provided

Convertible

Non-convertible