Term Life Solutions - 15 Year Term

The Term Life Solutions products were renewable and convertible term plans with preferred underwriting. These plans were available for renewal terms of 15 years.

Dividend options

N/A

Bonus

N/A

Premium paying period

• Premium renew based on renewal period of plan
• Payable for the duration of the policy

Policy fees

• Check contract
• $25 discount could be applied to annual policy fee for subsequent policies (excluding Manulife policies)

Deposit load

N/A

Non-forfeiture option

N/A

Loans

N/A

Withdrawals

N/A

Cash value

No cash values

Reduced paid up

N/A

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

N/A

Reinstatement period

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

Convertible

• Convertible to age 70
• Attained age conversions can be made prior to age 70
• Original age conversions can be made within 5 years of issue, but require an additional payment equal to the difference in premiums for the new plan compared to the old since issue
• Original age conversion can be made within 5 years of issue on most policies but some plans can only be converted at attained age depending on the issue date. To determine if the conversion can be done at original or attained age in the first 5 years, please order the file for confirmation