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JUVENILE LIFE OPTION II
Overview
| The Juvenile Life Option II policy is a permanent life insurance plan for children. The premium payments will never increase. Payments may be made for 20 years or until the child turns 100. The policy may only be purchased for a single person. There are a number of optional features available with this plan. It is available for children 0 to 17. |
Standard Benefits
Coverage
Coverage amounts range from $50,000 to $5,000,000.
Best DoctorsTM
| If you are diagnosed with a serious medical condition, Best Doctors™ provides a free list of the best medical specialists in your area, country, or throughout the world. These medical specialists work with local medical staff to better diagnose and treat your medical condition. The services of the Best Doctors™ professionals are not necessarily free, depending upon provincial and national health insurance plans. But adequate critical illness and life insurance plans will provide much needed cash to pay for the best treatment that money can buy. Best Doctors™ has a worldwide database of over 50,000 doctors recognized by their peers as the top specialists in their fields of expertise. This benefit is included at no extra cost. |
Reduced Paid-Up Option
| Beginning in the 4th policy year, you can apply to have your coverage amount reduced and you will not have to make any more premium payments. This benefit is included at no extra cost. |
Cash Surrender Option
| Beginning in the 4th policy year, you can cancel your policy and receive a lump-sum payment based on your base premium payments. This benefit is included at no extra cost. |
Policy Loan
| With the 20-year pay option, the policyholder may borrow money from the insurance company once all of the premium payments have been made. The insurance company sets the loan value and the interest rate. This benefit is included at no extra cost. |
Optional Features
Cash Value Term Rider
With this optional benefit, the death benefit value of the policy increases each year.
Payments
| Premium payments may be made annually, semi-annually, or monthly through automatic banking. There is no annual policy fee. |
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