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Whole life guaranteed 15 Pay

Whole life guaranteed 15 (Life 15) is a permanent life product payable for 15 years. Guaranteed cash surrender values are available as of year 5, and reduced paid-up insurance is available as of year 8.

The surrender value scale is generous and can be presented as a refund of premiums. Perfect for clients who want more for their money.

Product description

Issue ages (age nearest)

  • 0 to 75 years old (age last)

Amount of insurance

  • Min: $10,000
  • Max: $10,000,000*

Banding

  • $10,000 - $24,999
  • $25,000 - $49,999
  • $50,000 - $99 999
  • $100,000 - $249,999
  • $250,000 - $499,999
  • $500,000 and +

Annual policy fee

  • Basic coverage: $40
  • Additional coverage: $40

Insured life options

  • Individual
  • Joint 1st to die (2 to 5 insureds)
  • Joint last to die (2 insureds)
  • Joint last to die with Waiver of premium at 1st death (2 insureds)

Premiums

  • Level, guaranteed and payable in 15 years.

Conversions

  • Available for conversion

Rate reduction program

Cash surrender value

  • Starting in 5th year

Termination of coverage

  • Life protection

Paid-up coverage option

  • Starting in 8th year

Sales material

To order, complete and submit the marketing supply requisition form.