To quickly convert term coverage to permanent coverage, dividends are used to purchase paid-up additions . The amount borrowed affects the amount of dividends you will receive and any unpaid loans, along with accumulated interest, will be deducted from the proceeds at death or if the policy is surrendered prior to death. The cash value of any additions purchased with additional premiums and lump sums is also guaranteed. Back to top Premiums Premiums are payable until age 90. Base premiums are guaranteed to remain level and Additional Protection premiums are guaranteed for one year.
Exception is made for certain split-dollar plans.
The following benefits are subject to underwriting . If the disability occurs before age 60, the premiums will be waived for the entire paying period of the policy, as long as the insured remains totally disabled. If the disability occurs between ages 60 and 65, premiums are waived until age 65 or the end of the paying period, whichever comes first. Available for insured persons ages 0-59. Available for insured persons ages 0-65.