With FlexTerm, clients build their own term insurance bundles by combining disability insurance options, critical illness riders, and more, to create solutions that best suit their needs!
FlexTerm life insurance is an ideal product to cover temporary needs such as the reimbursement of personal or commercial loans, income replacement, children's education, to create an emergency fund, and more.
Product features
- Issue ages: 18-75 (age maximum is 85 minus duration of term selected)
- Minimum coverage: $50,000
- Maximum coverage: $10,000,000
- Electronic application with Lia
- Underwritten product with the option of accelerated underwriting
- Term options: 10, 15, 20, 25, 30 and 35-years
- Guaranteed premiums
- Guaranteed coverage
- Yearly Renewable Term (YRT = 1) up to age 90
- Convertible up to age 75
- Built-in benefits:
- Insurability Benefit
- Extreme Disability Benefit
- Term Exchange Option
- Available as individual or joint first-to-die policy or as a rider
Riders
- Accidental Fracture Plus
- Child's Insurance Benefit
- Critical Illness Rider
- Disability Income based on employment income (accelerated issue up to $1,500)
- Disability Income based on loans (accelerated issue up to $1,500)
- Waiver of Premium Upon Death
- Waiver of Premium Upon Disability
- Rider Guide
* Restrictions apply.
Relevant Documents Product Guide