Life 20 is a new permanent life insurance product with a guaranteed cash surrender value. Premiums are only payable for 20 years. Life 20 offers your clients cash surrender values and reduced paid-up insurance as of the 10 policy anniversary.

Issue Ages - (Age nearest)
 

• 0 to 65  
   

Sum Insured 
 

• Min: $10,000
• Max: $5,000,000
   

Banding
 

• $10,000
• $25,000
• $50,000
• $100,000
• $250,000 
• $500,000
   

(Eligible for the MCD)

Premiums
 

• Level, guaranteed and payable in 20 years
   

Annual Policy Fee
 

• Basic coverage: $50
• Each additional coverage: $25
   

Participation
 

• Non-participating
   

Cash Surrender Value
 

• Starting on 10 year
   

Termination of Coverage
 

• Until 100 years old
   

Paid-Up Coverage Option
 

• Starting on 10 year
   

Insured Life Options
 

• Individual
• Joint 1 to die (5 lives)
• Joint last to die (2 lives)
• Joint last to die with Waiver of premium at 1 death
   

Conversion Privilege
 

• No
   

Eligibility of Conversions
 

• Yes
   

Legal Assistance
A direct phone service provided by a lawyer who helps you find answers to the legal concerns you may have.  
 

Additional Benefits
 

• DisWP - Disability Waiver of Premiums
• DWP - Death Waiver of Premiums
• AF - Accidental Fracture
• GIB - Guaranteed Insurability Benefit
• ADD - Accidental Death or Dismemberment
• ADis - Accidental Dismemberment
• DI - Disability Income
• C-ADis - Children's Accidental Dismemberment
• C-AF - Children's Accidental Fracture
• CHB - Children's Harmony Benefit
• MDP - Mortgage Disability Protection
• CPB - Children's Protection Benefit