Solid short-term protection
SunSpectrum Basic Life Insurance provides term insurance coverage in amounts between $50,000 and $500,000 for 25 years or until age 65. Premiums are guaranteed not to increase for the term and while the policy is not renewable it may be converted to permanent insurance (whole life insurance) within certain age limits.
You should consider this product if:
- You need affordable protection for not more than 25 years – for example, while your children grow or until your mortgage is paid
- You only need between $50,000 and $500,000 coverage and want guaranteed premiums
- You want the flexibility to convert your term life insurance coverage to a permanent life insurance policy if your needs change
Your premiums are guaranteed for 25 years or to age 65, whichever comes first.
Guaranteed conversion to permanent insurance at any time regardless of the insured person's health, occupation or lifestyle until the policy anniversary following the insured person's 65th birthday (the older person's 65th birthday for joint plans).
Guaranteed death benefit
Death benefit is guaranteed not to change for the term you choose.
Policy is not renewable.
- 25-year coverage for ages 18-40 and coverage to age 65 for ages 41-50
Read examples of text that can appear in a policy. Not all the provisions apply to every policy – it is for your reference. When we issue a policy it governs the relationship between us and the client. The policy can have provisions that are different from those that you've read here.