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Whole life guaranteed 20 Pay

Whole life guaranteed 20 Pay (Life 20) is for clients who want fully guaranteed permanent life insurance at a fixed and affordable price with a limited payment period. The surrender value scale is generous and can be presented as a refund of premiums. Perfect for clients looking for value for money.

Features

Main features

  • Affordable paid-up premiums and paid-up additional benefits as of the 20th year
  • Generous guaranteed cash surrender values available as of the 5th year
  • Reduced paid-up insurance available between the 8th and 20th year
  • Eligible for term insurance conversions without proof of insurance

Product description

Issue ages (age nearest)

  • 0 to 75

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 more

Premiums

  • Level, guaranteed and payable in 20 years

Annual policy fee

  • Basic coverage: $40
  • Each additional coverage: $40

Cash surrender value

  • Starting in 5th year

Paid-up coverage option

  • Starting in 8th year

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)

Conversion privilege

  • No

Eligibility of conversions

  • Yes

Rate reduction program

Sales material

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