This is an income replacement policy

Venture Series

Original line of business: Aetna

Updated on: Dec 10, 2018

Product snapshot

Venture Series provides NON-CANCELLABLE, GUARANTEED RENEWABLE coverage to age 65. Once the policy is issued and while premiums are being paid on time: 

  • We cannot cancel the policy
  • We cannot increase the rates
  • We cannot make any changes to the terms of the contract; and
  • We cannot reduce benefits because of a change to a more hazardous occupation

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

  • Clients may renew the policy after age 65 to age 75 as long as they are working on a full-time basis
  • Premiums may change on any policy anniversary

Policy fees

None

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