Term

Level Term to age 75

Original line of business: Commercial Union

Updated on: Dec 19, 2018

Product snapshot

The CU Level Term 75 plan is a term policy with level premiums payable to age 75 at which time the policy will expire. These plans are convertible until age 65.

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 level for the life of the policy

Policy fees

$75.00 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 up to the policy anniversary nearest the life insured's 65th birthday