Permanent Term

ValueTerm 100

Original line of business: Royal Sun Alliance

Updated on: Dec 21, 2018

Product snapshot

The ValueTerm is a level premium, non-participating term plan with premiums payable to age 100. The policy will become fully paid up or endow at age 100.

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 premium. The policy will become fully paid up or endow at age 100

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: Yes

Withdrawals: N/A

Non-forfeiture option

31 day grace period

Loans

Loans are available once the cash value begins

Withdrawals

N/A

Cash value

Cash values begin at the end of the 15 policy year

Reduced paid up

Paid up values begin at the end of the 15 policy year

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