Whole Life

Classic Whole Life/Classic Child Protection

Original line of business: North American Life

Updated on: Dec 13, 2018

Product snapshot

The Classic Whole Life / Classic Child Protection policies are participating, whole life products that have level premiums payable to 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

Premiums are payable to age 100

Policy fees

No policy fee

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: Yes

Withdrawals: Yes

Non-forfeiture option

Automatic premium loan (APL)

Loans

Loans are available

Withdrawals

Dividend withdrawals are available

Cash value

Basic cash values are fully guaranteed

Reduced paid up

Policy can go reduced paid up at the end of the 20th policy year 

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

N/A

Reinstatement period

N/A

Convertible

N/A