Term

Level Term to age 75

Original line of business: Zurich

Updated on: Dec 19, 2018

Product snapshot

Level Term to 75 product is a non-participating term policy that provides level coverage for the duration of the policy. The policy expires at the policy anniversary nearest age 75 and is convertible.

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

  • Level premiums
  • The policy expires at the policy anniversary nearest age 75

Policy fees

$20.00 annually

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

31 day grace period

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

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

Convertible

  • Policy is convertible until the policy anniversary nearest age 65
  • Please verify the contract for additional conversion provisions