Term

ValueTerm

Original line of business: Aetna Life Insurance Company

Updated on: Dec 15, 2018

Product snapshot

ValueTerm is a non-particpating renewable and convertable term plan, providing level term coverage with guaranteed 10 year step-rate premiums. ValueTerm is renewable to age 78.

Basic product information

Sample contract: N/A

Dividend options: N/A

Bonus: N/A

Dividend options

N/A

Bonus

N/A

Premium paying period

Premiums increase every 10 years at guaranteed rates. Refer to policy contract for renewal rates

Policy fees

1986 & 1987 rate series  

  • $50 single life
  • $25 per life for multiple lives 

1991 rate series  

  • $90 single life
  • $50 per life for multiple lives

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

No cash values

Reduced paid up

N/A

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

Basic coverage only

Reinstatement period

This policy may be reinstated at any time within two years from the date of lapse.

Convertible

Convertible to age 70