Whole Life

Adjustable Whole Life

Original line of business: Gerling Global

Updated on: Dec 12, 2018

Product snapshot

The Adjustable Whole Life policy is a whole life policy with premiums that are adjustable every 5 years.

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 subject to review every 5 years and may be adjusted at that time 

Policy fees

The annual fee of $350 is added into the policy cost for each policy

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: Yes

Withdrawals: N/A

Non-forfeiture option

Automatic premium loan (APL) 

Loans

The maximum loan available is equal to the cash value of the policy at the next anniversary, reduced by one year's interest charge and any existing indebtedness

Withdrawals

N/A

Cash value

The policy has guaranteed cash values

Reduced paid up

N/A

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

N/A

Reinstatement period

If this policy has lapsed, it may be reinstated within two years of last premium payment upon written application to the company and evidence of insurability will be required along with all outstanding missed premiums

Convertible

N/A