An Annuity Side Fund is established for premium amounts of more than the actual premium. This plan provides level term insurance coverage for specified term periods from 5 through 20 years. The policy expires without value on the Expiry Date. The Expiry Date occurs at the end of the term period. Level premiums are paid during the lifetime of the insured to the Expiry Date.
Premiums are determined according to the issue age, sex and risk class of the insured.
Until the Final Conversion Date, the policy may be converted to any permanent plan of insurance that we offer without evidence of insurability. The Final Conversion date is the earlier of either the Expiry Date or the policy anniversary on which the Insured has attained age 80.