Term

Adjustable Term 100

Original line of business: Royal Life

Updated on: Dec 15, 2018

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Product snapshot

Adjustable Term 100 is term insurance payable to age 100 where premiums are guaranteed level for the initial 10 years and are subject to review at the 10th anniversary and every 5th anniversary thereafter.

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 are payable to age 100
  • Premiums are guaranteed level for the initial 10 policy years
  • Premiums are subject to review at the 10th policy anniversary and every 5th policy anniversary thereafter

Policy fees

N/A

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

The policy may be reinstated within 3 years after the first unpaid premium, provided satisfactory evidence of insurability is provided

Convertible

If allowed, noted in contract