Permanent Term

Term 100 

Original line of business: Sun Alliance

Updated on: Dec 10, 2018

Product snapshot

The Term 100 plan provides fully guaranteed life insurance protection to age 100. There are 4 premium options for these products. Adjustable Life Pay, Adjustable 25 Pay, Guaranteed Life Pay, Guaranteed 25 Pay.

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

Term 100 guaranteed: all premiums, policy values and the face amount are fully guaranteed for life. Premiums may be paid for life or 25 years

Policy fees

N/A

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

  • Cash surrender values apply to all term 100 policies and are guaranteed
  • For 25 pay plans, CSVs start after the 25th year

Reduced paid up

  • Reduced paid-up values apply to all premium options and are fully guaranteed
  • Life plans: have reduced paid-up values at age 65 or year 25, whichever is later
  • Paid-up values begin at $500 per $1000 of initial sum insured and increase evenly to $1000 at age 100

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

Basic coverage only

Reinstatement period

You may apply to reinstate your policy at any time within two years after the start of the grace period

Convertible

Non-convertible