Term Life - AuguStar Financial

Term Life

When clients are seeking affordable protection for loved ones, term life is often the product of choice. The term life portfolio lets clients choose from 10-, 15- and 20-year product options, but takes flexibility a step further by offering unparalleled conversion options, knowing that clients’ needs often change over time.

Product details

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)
Term Life Details

Learn more about term insurance

Term life illustration software

Learn More About the Product

Term life insurance issued by AuguStar℠ Life Assurance Corporation. Companies not licensed to conduct business in New York. Product, product features and rider availability vary by state.

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