Income Replacement

Proguard Series

Original line of business: Aetna

Updated on: Dec 14, 2018

Product snapshot

  • Proguard Series is designed for professionals, executives and white-collar employees who are seeking the best possible disability protection. 
  • Proguard Series features a "regular occupation" definition of total disability. This means that we consider clients totally disabled if they cannot work at their former occupation, as long as they are not actually working in a new occupation. "Own occupation" coverage is available as a rider and is designed for professionals. 
  • Proguard Series offers two "Reduced Disability" options - residual or partial benefits. Clients can alternate between the two during the first 12 months of a claim, after which they can choose their preferred option for the remainder of the claim.

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

Expiry date refers to the monthly anniversary of the policy date following clients 65th birthday. Coverage provided by this policy will automictically terminate on the expiry date

Policy fees

$75.00

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

N/A

Reduced paid up

N/A

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

N/A

Reinstatement period

N/A

Convertible

Non-convertible