Disability

Venture 

Original line of business: Aetna

Updated on: Dec 10, 2018

Product snapshot

Venture is specifically designed to provide reliable yet affordable disability coverage for small business and franchise owners. A selection of optional benefits and riders gives you the flexibility to enhance the basic plan according to the needs of your client

Basic product information

Sample contract: N/A

Dividend options: N/A

Bonus: N/A

Dividend options

N/A

Bonus

N/A

Premium paying period

Non-cancellable and guaranteed renewable to age 65. The policy is conditionally renewable for life or to age 75 if the insured remains employed on a full-time basis. The maximum benefit period will be 2 years to age 75, and 1 year thereafter. Premiums after age 65 may change on any policy anniversary. Please refer to contract for additional information

Policy fees

$50.00

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

A period of 30 days grace from and excluding the day on which the premium is due will be allowed for the payment of each premium after the first. The policy will terminate if any premium remains unpaid after the grace period

Loans

N/A

Withdrawals

N/A

Cash value

N/A

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 been terminated for non-payment, it may be reinstated within 6 months by written application and with medical evidence along with all outstanding premiums due

Convertible

Non-convertible