Term Life Insurance

TERM LIFE

 

Term life insurance offers affordable temporary protection and comes with a guaranteed conversion privilege that allows you to convert your term policy plan to a whole life plan without evidence of insurability.  This offers you great flexibility should your insurance needs change over time.

 

UTUIA offers several affordable options to fit your financial needs.

 

      • 10 Year Guarantee– Guaranteed premiums will remain level for the first 10 years of the term period. After the 10 years, premiums are not guaranteed and may increase for the remainder of the term. At the end of the initial term period, the policy defaults to an Annual Renewable Term to age 95.
      • 10, 20, 30, Term to age 65, Term to age 75

 

      • Fully Guaranteed– Guaranteed premiums for the entire initial term period chosen. At the end of the initial term period, the policy defaults to an Annual Renewable Term to age 95.
      • Term options available:
        • 10, 20, 30, Term to age 65, Term to age 75
  • Annual Renewable Term– This is an indeterminate premium plan. Current premium rates will increase annually and will be guaranteed for a year.
  • Juvenile Term to Age 23– Premiums are guaranteed for the full term of the policy.

 

Term Life Insurance provides:

 

  • Affordable coverage for a limited period of time
  • Guaranteed conversion option
  • Terminal Condition Accelerated Death Benefit Rider included at no additional cost (not available on the Juvenile)

 

We also offer the following riders to further enhance your coverage:

 

  • Waiver of Premium- Waives the basic premium plus any riders after 6 consecutive months of total and permanent disability
  • Accidental Death Benefit- The ADB amount is paid to the beneficiary upon the accidental death of the primary insured. If death is caused by common carrier, an additional sum equal to the ADB amount will be paid.

 

Click here for more information   or contact your Field Supervisor or Regional Insurance Representative.