Whole Life 

Permaterm 95

Original line of business: Financial Life

Updated on: Dec 14, 2018

Product snapshot

Non-participating, permanent plan of insurance with features such as guaranteed level premiums, coverage for life, guaranteed cash value option, reduced paid up option and fully paid up at age 95.

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

Level premiums are guaranteed and payable to age 95

Policy fees

$125 annually

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

The cash value option date is at age 65 or after 10 years, whichever is later. At this date, or any time thereafter, premium payments may cease, and the sum insured will be reduced by one-half

Reduced paid up

The reduced paid up option date is at age 70 or after 15 years, whichever is later

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

Basic coverage only

Reinstatement period

2 years

Convertible

N/A