Universal Life ISL

Lifeterm - Rate Scale 82

Original line of business: Maritime Life

Updated on: Dec 19, 2018

Product snapshot

The 5-year adjustable plan (non-participating).

Basic product information

Dividend options: N/A

Bonus: N/A 

Dividend options




Premium paying period

  • At the end of each five-year period, benefit costs are determined for the following five-year period. Policy premiums are life pay (age 105)
  • The COI is YRT which means it increases annually, however, the adjustments are every 5 years

Policy fees

$75.00 annually

Deposit load


Values, loans & withdrawals

Non forfeiture option: Yes

Loans: Yes

Withdrawals: N/A

Non-forfeiture option

  • Premium continuation provision (automatic premium loan)
  • Reduced paid up provision


If the client has elected the cash option rider, loans are available


Partial withdrawals are not allowed even if the client has the cash option rider

Cash value

No cash surrender values 

Reduced paid up

After the tenth policy anniversary, the policy owner may elect to pay no further premiums and have either an adjustable or a guaranteed paid up policy for a reduced face amount

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday


Death benefit 

Basic coverage only (death benefit option = l for level)

Reinstatement period

3 years