Term

FlexTerm 10

Original line of business: Royal Sun Alliance

Updated on: Dec 21, 2018

Product snapshot

The Flex Term 10 plan is a renewable and convertible plan with level coverage for the guarantee period selected at issue. This is available as a policy or a rider. Policy expires at age 70.

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

Depending on issue date, expiry may be age 70 or 75. This will be indicated in policy contract

Policy fees

  • FlexTerm 10 - $60
  • FlexTerm rider - No policy fee 

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

Basic coverage only

Reinstatement period

The policy may be reinstated at any time within three years after the date of lapse subject to underwriting approval from additional medical evidence along with any and all outstanding premiums

Convertible

Policy can be converted to a permanent plan prior to age 65