Yearly Renewable Term Life Insurance
This policy is a one year level term life insurance, with automatic renewal-without the need for evidence of insurability-for successive periods of one year until age 95. Premiums will increase each year, and for years one through ten are guaranteed. Current rates after the 10th year may change but will never exceed the guaranteed maximum premium rates.
Offers low premiums and is ideal for guaranteeing loans or other short term contingencies.
Supplements available for Yearly Renewable Term Life Insurance
Premium payment waiver for total disability
If you become completely disabled (as defined) for a period of four to six months or greater, depending on the plan you choose, we will waive your premium payments that are due while such total disability continues. If such incapacity is the result of dismemberment, as defined in the supplement, you are eligible to the benefit when the loss occurs.
Death by accidental means
We provide coverage for death as a direct result, regardless of other causes, of accidental injury suffered while the policy is in effect, provided that the death occurs within 90 days of the accident.
