Whole Life

20 Pay Whole Life

Original line of business: North American Life

Updated on: Dec 12, 2018

Product snapshot

The 20 Pay Whole Life Plan is a participating, whole life plan, with level premiums payable for 20 years or to age 65 depending on age of issue.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: N/A

Bonus: N/A

Dividend options




Premium paying period

  • For issue ages 0 - 45 premiums are payable to age 65 
  • For issue ages 46 - 65 premiums are payable for 20 years 

Policy fees


Deposit load


Values, loans & withdrawals

Non forfeiture option: Yes

Loans: Yes

Withdrawals: N/A 

Non-forfeiture option

Automatic premium loan (APL)


Are available 



Cash value

Cash values are fully guaranteed

Reduced paid up

  • If the policy was issued prior to Dec. 1, 1982 then they can go reduced paid up anytime 
  • If the policy was issued after Dec. 2, 1982 then they can go reduced paid up at the end of the 20th policy year

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday


Death benefit


Reinstatement period

If this policy lapses, it may be reinstated within two years thereafter on submission of application along with evidence of insurability satisfactory to the company and payment of all unpaid premiums


Not applicable in a permanent policy