Term

Level Term to age 75

Original line of business: Commercial Union

Updated on: Dec 19, 2018

Product snapshot

The CU Level Term 75 plan is a term policy with level premiums payable to age 75 at which time the policy will expire. These plans are convertible until age 65.

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 level for the life of the policy

Policy fees

$75.00 annually

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

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

2 years

Convertible

Policy is convertible up to the policy anniversary nearest the life insured's 65th birthday