Term

10/5 Renewable and Convertible

Original line of business: Zurich

Updated on: Dec 18, 2018

Product snapshot

The 10/5 Renewable and Convertible products were term policies with level premiums for the first term period (10 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 (10 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

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