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Survivorship Life (TMS97) is a level premium participating whole life contract with the death benefit payable at second death. Premiums cease when the younger or surviving insured reaches age 99. At and after age 99, the paid-up policy will continue until the death of the surviving insured.
The Estate Preservation Rider (EPR) is a four-year Term rider, payable at the second death. It is designed to ensure that the intended death benefit is passed onto the beneficiaries, and still have enough death benefit coverage available to pay any potential estate taxes incurred at the time of death.2
The Policy Split Option (PSO) gives the policyholder the option to split the coverage into individual participating policies without evidence of insurability, in the event of divorce, or the elimination of the marital deduction or a significant reduction in estate taxes.
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Life Term Rider is a Supplemental Insurance Rider that:
- Reduces the total annual premium required by using the rider premium and non-guaranteed dividends to purchase term coverage for the life of the policy
- Requires premium payments for the same period as the base policy
Term coverage reduces as paid-up additions under the basic policy and term rider increase.
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Cash Enhancement Options (CEO)
Annual or CEO I is the version to choose for extra permium deposits on a yearly basis
Single or CEO II is appropriate when a one-time premium deposit is required
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