|Level Premium Period||Level Premium||Cash value at the End of the Level Premium Period|
The premiums quoted above include special features and riders you've chosen, if applicable.
Please remember these are merely quotes provided on the basis of the information you provided. Complete underwriting of your full medical history and other factors will be required to determine whether you are eligible for coverage and, if so, which underwriting classification will apply. This review may result in a higher premium than initially quoted. Factors typically considered in underwriting include: tobacco use, blood pressure, height and weight, cholesterol, personal medical history (including heart disease, cancer, diabetes and other conditions), alcohol/drug use, driving record, occupation, aviation, avocational activities (including scuba diving, mountain climbing, sky diving, etc.), and residency. Please note that all guarantees are based upon the claims-paying ability of the insurer. Our policies contain exclusions, limitations, reduction in benefits and terms for keeping them in force. A financial professional can provide you with costs and complete details.
You must be alive at the end of the selected level premium period and the policy must still be in force at the end of the policy term you selected for you to receive the return of your premiums. Returned premiums do not include any outstanding loans plus interest. All premiums may not be returned if the policy was surrendered before the end of the level premium paying period. Premiums paid after the level premium period will not be returned.
Beginning in year 8 all remaining level premiums can be paid with loans from policy values. After 15 Years, the owner would receive a Net Cash Value of $3,003.13 and annually increasing premiums to age 95 would resume. ( based on Monthly - EFT premiums)Additional Underwriting Categories
The amounts listed below are examples of additional underwriting classes for which you may be eligible upon the completion of the underwriting process.
|Class||Level Premium||Cash Value at the End of|
The maximum amount of insurance available may vary by age and underwriting class and is dependent upon the amount of any existing insurance.
1Electronic Funds Transfer (EFT) is a pre-authorized monthly deduction from your checking account. Other payment modes are available. Payment modes other than annual may result in higher aggregate premiums.
2Premiums can be paid by borrowing from the existing cash value at a fixed interest rate of 8% (6% in Montana). Return of Premium Term accumulates cash value during the level premium period. However, a Return of Premium policy may have little or no cash value in the early years of the policy. This cash value does not earn interest. Borrowing against cash value reduces both the death benefit and the cash value returned at the end of the level period by the amount of the loan and the loan interest outstanding.