1 Year Level Term
The one (1) year level term policy provides a level term death benefit to age 95 with the first ten (10) year rate guaranteed. The 1 year level term policy is a great answer to short term life insurance needs such as personal and business loans.
Specifications
The issue age for this product is age 18 to 70 with a $100,000 minimum face amount.
Premiums
Premiums are guaranteed for the first 10 years. The 1 year level term policy renews annually.
Payment options of Annual, Semi-Annual, Quarterly and Monthly (EFT) are available for your convenience.
Riders available for an additional cost and subject to underwriting
- Disability Waiver of Premium
- Accidental Death Benefit
- Child Rider
Conversion Privilege
One of the benefits of purchasing The Pharmacists Life Term products is the ability to convert your term life insurance policy to one of our Whole Life insurance policies through the entire level premium paying period, first ten (10) years for the one (1) year term.
Advantages:
- Insurability guaranteed
- Avoid future term premium increases
- Lower net cost
- Cash values 100% guaranteed
- No medical underwriting
- Permanent insurance