Term

20/5 Renewable and Convertible

Original line of business: Zurich Life

Updated on: Dec 12, 2018

Back to search
 

Product snapshot

The 20/5 Renewable and Convertable products were term policies with level premiums for the first term period (20 years) and then renewable premiums at the end of each subsequent 5-year period. These plans were convertible, but coverage expires at age 75.

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

Premiums were level for the first term period (20 years) and then renewable at the end of each 5-year period afterwards. Renewal premiums were guaranteed at issue 

Policy fees

$20.00/annually 

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: N/A

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

N/A 

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 . Policy expires at age 75

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 65 or 70- please check policy contract for additional information