Level Term 100

Original line of business: Commercial Union

Updated on: Dec 17, 2018

Product snapshot

This is a level coverage, level premium term plan to age 100. There are no cash values available in this policy. Guaranteed paid-up values start at the twentieth policy anniversary.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: N/A

Bonus: N/A

Dividend options




Premium paying period

Level premiums to age 100 

Options at age 100: 

  • At age 100, the policy can endow for the full-face amount and terminate, or the policy can continue as paid-up coverage and remain in force

Policy fees

Refer to contract

Deposit load


Values, loans & withdrawals

Non forfeiture option: Yes

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

31-day grace period





Cash value

No cash values

Reduced paid up

May have reduced paid-up values - please refer to policy contract

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday


Death benefit

Indexing benefit 

  • Available on some versions of Term 100
  • On each of the first 5 policy anniversaries, the basic face amount will automatically increase by 8% of the initial face amount
  • The premiums will increase accordingly
  • If an increase is refused, the option to take further increases will cease
  • The request to stop the increases must be made in writing within 30 days of the anniversary

Reinstatement period



The right to convert this policy extends to the policy anniversary nearest the life insured's 65th birthday. Conversion may be to any level sum insured permanent plan