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TERM TO 100
Overview
Term to 100 offers guaranteed lifetime
protection with premiums payable to age 100. In addition to single life
coverage, this plan is also available on a Joint First-to-Die and Joint
Last-to-Die basis. There are a number of optional features available with
this policy including a Return of Premium option that returns half of
your base premium payments. This plan can be purchased by those 20 to
70.
Standard Benefits
Coverage
Coverage amounts can range from $100,000 to $3,000,000. A coverage amount
of less than $100,000 may be purchased with a $100 policy fee (instead
of $75) if the annual premium is $500 or greater.
Joint Lives
The Term to 100 plan is available on a single life, Joint First-to-Die,
and Joint Last-to-Die basis. "Joint First-to-Die," means that
2 people can share one policy and that when one of the policyholders die,
the survivor receives the coverage amount. "Joint Last-to-Die,"
means that 2 people can share one policy and that when both of the policyholders
have died, the chosen beneficiary receives the coverage amount.
Return of Premium
At the end of the tenth policy year, if your payments are paid up, you
have the option of canceling your policy and receiving back 50% of your
base premium payments. This benefit is included at no extra cost.
Smoker Premium
If you smoke, you will receive the non-smoker rates for the first two
policy years. Should you stop using cigarettes or cigarillos for a continuous
12-month period before the end of the second policy year, you can continue
to receive the non-smoker rate if you complete a Tobacco Usage Questionnaire
and submit a urinalysis. This benefit is included at no extra cost.
Optional Features
Disability Waiver
With this benefit, if you become completely and continuously disabled
for more than 6 months, your premiums will be paid until you are no longer
completely disabled. This benefit ends when you turn 65. This option is
available for those 20 to 60.
Child Term Rider
If you purchase the Term to 100 plan, you can also purchase $10,000 to
$20,000 in coverage for your children. This option is available for children
0 to 16 years old. The benefit ends when the child turns 25, or when you
turn 65, whichever occurs first. When this benefit does expire, the child
may convert the coverage to a term or permanent life insurance plan worth
up to 5 times the Child Term rider amount.
Payments
Premium payments may be made annually,
semi-annually, or monthly through automatic banking. The annual policy
fee is $75. A multiple-policy discount applies to those policies having
the same issue and billing date.
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