Issue age (age nearest) | |
Amount of insurance |
The insured amount is fixed and guaranteed. |
Rate bands | - $100,000 to $249,999
- $250,000 to $499,999
- $500,000 to $999,999
- $1,000,000+
|
Premiums | - Level and guaranteed
- Paid at 100 years of age (or the equivalent age if it’s a joint policy)
|
Policy fee | |
Cash surrender value | - Guaranteed on the basic insurance
- Available, but not guaranteed on the insurance bought with paid-up additions (PUAs)
|
End of coverage | |
Reduced paid-up insurance | - Yes, on the basic insurance
|
Insured life options | - Individual
- Joint first-to-die (2 to 5 insureds)
- Joint last-to-die (2 insureds)
- Joint last-to-die, paid-up at first death (2 insureds)
|
Dividend options | - Paid-up additions (PUAs)
- Enhanced insurance
- Annual premium reduction
- Cash payment
- Dividends on deposit
Consult the
Dividends section for all the details. |
Calculating dividends and projections | Consult the
Dividends section for all the details. |
Premium offset | - Available on all dividend options except for Annual premium reduction. Premium offset is neither guaranteed nor contractual as it depends on the granted dividends.
|
Additional Deposit Option | Additional Deposit Option is available: - When a new policy is issued
- On the anniversary of an in-force policy
- When a right is exercised (for example, when using a conversion, insurability or association option, a guaranteed insurability benefit or business insurability coverage
Conditions may apply. For more details, see the
Additional Deposit Option page and the
Add or change Additional Deposit Option section. |
|
Eligibility of conversions | - Yes.
- Conversion of a group policy not accepted
|
Loan on the policy | |
Automatic non-termination option | - Yes, automatic loan on the policy in case of non-payment.
|
Insurability privilege | - Yes, if joint first-to-die coverage.
|
