Term

Guaranteed 10 Year to 75  

Original line of business: Confederation Life

Updated on: Dec 10, 2018

Product snapshot

Premiums are guaranteed at issue to age 75. At the end of each 10 year period the premiums will correspond to the insured's then attained age.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: Yes

Bonus: N/A

Dividend options

Dividends are embedded in the policy premium and are not available to the client

Bonus

N/A

Premium paying period

Payable to anniversary following the 74th birthday of the insured

Policy fees

$50

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

The death benefit will consist of the indexed amount of insurance in addition to any other amounts payable under the policy.  The indexed amount of insurance replaces the amount of insurance on the policy particulars page

Reinstatement period

2 years

Convertible

Convertible plan is convertible without evidence of insurability until age 65