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Whole life guaranteed to 65

Whole life guaranteed to 65 (Life to 65) is for clients who want fully guaranteed permanent life insurance at a fixed and affordable price with a limited payment period.

The generous cash surrender value can be offered as a premium refund. It’s a great option for clients looking to get the most for their money.

Features

Main features

  • Paid-up premiums and paid-up additional benefits at age 65
  • Generous guaranteed cash surrender values after the 5th year
  • Reduced paid-up insurance after the 8th year
  • Eligible for term insurance conversions without proof of insurability

Product description

Issue ages (age nearest)

  • 0 to 49 years old

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 - $499,99
  • $500,000 and more

Premiums

  • Level, guaranteed and payable until age 65.

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

Additional coverage

  • Additional coverages are payable up to age 65.

Sales material

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