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LIFE INSURANCE PRODUCT
Term Life Riders Available
| Plan Name |
Description |
Issue Ages |
Minimum/Maximum Policy Size |
| Waiver of Premium |
If the insured becomes totally disabled as defined in the rider, this rider generally waives premiums while the insured remains disabled. However, if the disability began on or after age 60, the rider will not waive premiums beyond the later of the insured's age 65 or 2 years after disability began. |
20-55 |
Min = $250,000
Max = $3,000,000 |
| Whole Life Purchase Option (WLPO) |
Gives the insured the option to purchase Whole Life insurance on a series of option dates without evidence of insurability. The right may be exercised on each option date or alternate option date. Option dates are scheduled for the 3rd, 6th and 9th policy anniversary. Alternate option date is triggered by: marriage of insured, birth/adoption of a child of insured, birth/adoption of a grandchild of insured, insured's purchase of home, enrollment of child of insured in college, increase of at least 20% in annual compensation of insured. |
20-50 |
Min = $25,000
Max = $250,000 |
| Extended Conversion Rider |
Rider extends the conversion period from 5 years to the full term period of the policy for an additional cost. It is available at issue only. |
N/A |
N/A |
Return to Life Insurance Product List
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