Term Life
Term Life
The easiest, most affordable way for your clients to purchase protection.
Features
- New, lower monthly rates make our term coverage more competitive than ever, with 30-Year Term rates ranking #1 over 50% of the time and in the top 3 more than 60% of the time.¹
- Simple term coverage for 10, 15, 20, 25 or 30 years.
- Guaranteed level premiums.
- Coverage for ages 18-74.
- Risk classes include non-nicotine (PP, P, Sel, and Std) and nicotine (P and Std).
- Available riders: accidental death rider, waiver of premium, children’s rider, and accelerated death benefit.
- We offer a conversion option to either a whole life policy or a universal life policy. It’s available at any point prior to the earlier of attained age 70 or the end of the level term period.²
Three underwriting pathways:
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Path 1 - Instant Decision:
Face amounts between $100,000 and $2,000,000 for ages 18-50, and $1,000,000 for ages 51-60 are instantly underwritten with a real-time decision.¹
An underwriter will review the application to determine whether the process can be accelerated and an offer made without an exam, or if additional information, such as medical records are required.
Applicants aged 51-60 with face amounts over $1,000,000 or any case with a face amount exceeding $2,000,000. All cases are automatically underwritten with scheduled labs and vitals. Note that some applications may require an APS, depending on age, amount criteria, or specific circumstances.
1. Real-time decisions may include approval, scheduling a medical exam or referral to underwriting. All risk classes (up to Table 2) are eligible for Accelerated Underwriting, but approval is not guaranteed.
Term Life Resources
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