Term

Infiniterm Plus

Original line of business: Gerling Global

Updated on: Dec 13, 2018

Product snapshot

Infiniterm is a Term to 100 insurance product with adjustable (A) or guaranteed (G) versions sold.

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

Adjustable (A): 

  • Premiums terminate at the policy anniversary following the insured’s 95th birthday
  • Premiums are guaranteed for the first 10 policy years and then reviewed every 5th anniversary thereafter
  • On each review date, either the premium or the sum insured may be adjusted to reflect current interest rates
  • Any adjustments remain in force until the next review date (every 5 yrs)  

Guaranteed (G): 

  • Premiums are guaranteed for the life of the insured, provided premiums are paid

Policy fees

$75.00/year

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

 

  • Extended term insurance (ETI) is available at the later of age 65 or after 15 years of premiums have been paid
  • The ETI period may equal one year for each year of premium paid (please review contract as details may vary)
  • Extended coverage for adjustable (A) versions must be elected by the policy owner and no further adjustments will be made once elected

 

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 sum insured only at time of death

Reinstatement period

2-year reinstatement period

Convertible

Not convertible