Term Plus: Robust conversion options, flexibility for the future
- During the expanded conversion period, clients can convert to any permanent life product available at the time of conversion
- Polices are convertible for the full level premium period or until the policy anniversary nearest the insured’s 70th birthday, whichever comes first
- Conversion credit equal to one annual term base insurance premium
- Competitive 10-, 15- and 20-year rates
Term Basic: Powerful, low-cost protection
- Lowest cost term life option
- Clients can convert to a permanent policy designated by AuguStar Life
- Competitive 10-, 15- and 20-year rates
Recap Term: A bridge to permanent insurance
- 10-year policy designed for clients who plan to convert to a permanent policy
- Clients can convert to any permanent life product available at the time of conversion
- All premiums paid during the first five years become conversion credits toward the premium of the new, permanent policy
YRT Plus II: Temporary protection
- Yearly renewable term life insurance policy for clients who need temporary protection
- Guaranteed premium rates that increase annually
- Option to renew for up to 10 years
Optional riders
- Waiver of Premium for Total Disability (WPD) Rider (5-year Own Occupation)
- Guaranteed Purchase Option (GPO) Rider (Term Plus only)
- Accidental Death Benefit (ADB) Rider
- Accelerated Benefit Rider (ABR) (Terminal Illness)
- Family Term Rider (Term Plus only)
