Universal Life ISL

Lifeterm - Rate Scale 86

Original line of business: Maritime Life

Updated on: Dec 21, 2018

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

Sample contract: N/A

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


Non forfeiture option: Yes

Loans: Yes

Withdrawals: Yes

Non-forfeiture option

  • Coverage continuation provision 
  • Reduced paid up provision


If the client has elected the cash option rider, loans are available. Obtain a loan quote from manulife to determine if available or not


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

Cash value

No cash surrender values unless the cash option rider was elected, or policy issued after May 12, 1986 where the cash option rider was automatically included with the base plan

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

Premium offset/holiday: N/A

Premium offset/holiday


Death benefit 

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

Reinstatement period

2 years