PROTECTING
WHAT MATTERS MOST TO YOU
Eligibility: Available to all Ages
1. Death Benefit: This policy ensures financial security by
providing a substantial $2,000,000 death benefit to the named
beneficiaries. In the event of the insured’s death during the
active term of the policy, the designated beneficiaries will
receive this significant sum, helping them manage expenses and
maintain their standard of living. This death benefit offers peace
of mind and financial stability during a challenging time.
2. Renewability: This policy offers the benefit of being
renewable at the end of its term. When the term expires, the
policyholder can renew the coverage without undergoing any
additional medical examinations or health assessments.
However, it is important to note that while the policy can be
renewed without a medical exam, the premiums may increase.
The new premium rates will be based on the insured’s age at the
time of renewal. This ensures continued coverage, though at a
potentially higher cost due to the increased age of the
policyholder. This renewal option provides ongoing protection
and peace of mind, despite changes in health.
3. Conversion Option: The policyholder has the option to
convert this term life insurance policy into a permanent life
insurance policy. This conversion can be done without the need
for any additional health assessments or medical examinations.
The conversion must be completed before the end of the current
term. This allows the policyholder to secure lifelong coverage
and benefits, regardless of any changes in their health status
that may occur after the initial term policy was purchased. This
option provides flexibility and peace of mind, ensuring
continuous protection under a permanent policy.
4. Grace Period: A 30-day grace period is provided for late
payments, ensuring that your coverage remains uninterrupted.
During this period, you can make your overdue payment without
losing your policy benefits, giving you extra time to manage
your finances while maintaining your insurance protection.
Suicide Clause: This life insurance policy includes an important
exclusion known as the suicide clause. If the insured’s death
results from intentional self-harm within the policy initiation,
no death benefit will be paid to the beneficiaries. This clause is
designed to protect the integrity of the insurance plan and
ensure its sustainability.
Fraudulent Application: Honesty in the application process is
crucial. Any misrepresentation, omission, or fraudulent
information provided during the application process will render
the policy null and void. If it is discovered that the insured or
the policyholder provided false information or engaged in
fraudulent activities to obtain the policy, all benefits will be
canceled, and the policy will be terminated immediately. This
ensures fairness and trust in our insurance services.
