| |
| |
Union Central
Keystone Term Product Features
|
|
|
|
Level Term 10, 15, 20, 30
Union Central - Level Term 10, 15, 20, 30 Product Features
|
State Approvals |
Approved in: FL GA MA NJ OR UT VT WA WY | |
Type |
LT10 premiums are guaranteed for 10 years in all states.
LT15 can be purchased with a 15-year guarantee, LT20
can be purchased with a 20-year guarantee and LT30
can be purchased with a 30-year guarantee. For a lower cost,
LT15, LT20 and LT30 can be purchased with premiums
guaranteed to be level for 10 years and projected to be
level for the remainder of the term. |
|
Conversion Options |
All plans are convertible to age 75 and may be converted to
any other Union Central individual permanent life insurance
product presently available.
Conversion Credits:
LT10 conversion credits
can be applied to any eligible permanent Union Central life
insurance plan on or before the 10th policy anniversary.
LT15, LT20 and LT30 conversion credits can be applied to
any eligible permanent Union Central life insurance plan on
or before the 15th policy anniversary.
The LT10, 15, 20 and 30 credit equals the premium
paid to date or 36 months, whichever is less (including
policy fee but excluding supplemental benefits and
substandard extra premiums), and is limited to 50% of PPP.
The LT10, 15, 20 and 30 conversion credit is not
commissionable |
|
Issue Ages |
Preferred Preferred Non-Tobacco Preferred Tobacco
Plus Tobacco
LT10
- Outside New York*
Male/Female 20-75 20-75 20-80 20-75 15-80
- In New York
Male/Female 20-70 20-70 20-70 20-70 20-70
LT15
- Outside New York*
10-year guarantee
Male/Female 20-75 20-75 20-75 20-75 15-75
Full guarantee
Male 20-75 20-75 20-75 20-71 15-69
Full guarantee
Female 20-75 20-75 20-75 20-75 15-75
- In New York
10-year and
full guarantees
Male/Female 20-65 20-65 20-65 20-65 15-65
LT20
- Outside New York*
10-year guarantee
Male/Female 20-70 20-70 20-70 20-70 15-70
Full guarantee
Male 20-69 20-68 20-66 20-63 15-62
Full guarantee
Female 20-70 20-70 20-69 20-67 15-66
- In New York
10-year and
full guarantees
Male/Female 20-60 20-60 20-60 20-60 15-60
LT30
- Outside New York*
10-year guarantee
Male/Female 20-60 20-60 20-60 20-60 15-60
Full guarantee
Male 20-50 20-50 20-50 20-45 15-42
Full guarantee
Female 20-50 20-50 20-50 20-50 15-46
- In New York
10-year and
full guarantees
Male/Female 20-50 20-50 20-50 20-50 15-50
*Subject to variation by state in IN, OR, PA, and WA |
Face Amounts
Min/Max |
Minimum: $100,000 | |
Modal Factors |
Semi-annual = 0.51
Quarterly = 0.26
Monthly = 0.086 |
|
Policy Fee |
Non-commisionable policy fee
$75 Annual
$38.50 Semi-annual
$19.50 Quarterly
$6.50 Check-O-Matic |
Special Product
Features |
Waiver of Premium:
Premiums are waived in the event
of the insured’s total disability prior to age 65. Limited
benefit if disabled after age 60. Issue ages: Non-tobacco
20-55; Tobacco 0-55.
Accidental Death Benefit:
If the insured dies as a
result of an accident prior to age 70, the beneficiary will
receive the base policy proceeds and the proceeds provided
under this rider. Issue ages: Non-tobacco 20-65; Tobacco
15-65.
Life Needs Option:
Allows the policyowner to receive
an advance of up to one-half the policy’s death benefit (up
to $500,000) if the insured becomes terminally ill (with a
life expectancy of 12 months or less). |
Back To Top
|
|
Union Central - Level Term 10, 15, 20, 30 Underwriting Guidelines | |
Classes |
Preferred Plus
Preferred Non-tobacco
Standard
Non-tobacco
Preferred Tobacco
Standard Tobacco
Substandard Tables A-F |
|
Re-entry |
-
Level Term products are renewable to age 100 (80 in New
York or rated)
-
Level Term products may be converted to a permanent
individual life product, with the incentive of generous
conversion credits.
| |
Tobacco Definition |
Preferred Plus: No tobacco use of any form in the last 36
months
Preferred Non-tobacco: No tobacco use of any form
in the last 24 months |
Special Underwriting
Features |
Preferred Plus:
Applicant must meet all Preferred
Plus criteria in addition to all Preferred criteria. Failure
to do so will automatically eliminate the proposed insured
from qualifying for Preferred Plus underwriting. If any of
the questions below are answered “yes,” the policy will
not be issued Preferred Plus. No exception will be
allowed.
• Have you used any form of tobacco in the last 36 months?
• Have you participated in any hazardous sport activities or
aviation in the last five years?
• Have you ever been charged with or convicted of a DWI or
DUI in the last 10 years?
• Have you ever sought or received treatment for alcohol
and/or drug abuse?
• Does your total cholesterol exceed 225 and total
cholesterol/HDL ratio exceed 5.0?
• Have you experienced significant hypertension in the past,
and are current blood pressure readings normal (140/85 or
less)?
• Have you been charged with more than 2 traffic violations
within the last 36 months?
• Is your current blood panel completely normal?
For Preferred Plus, also follow the Preferred guidelines
listed below.
Preferred
If the proposed insured answers “yes” to
any of the following questions, he/she may not be eligible
for the Preferred classification. In the event of a “yes”
answer, submit the questionnaire to your Home Office
Underwriter with a written explanation outlining details of
that answer.
If all answers are “no” and the evidence of insurability
submitted with the application is determined by underwriting
to be favorable, the policy will be issued as Preferred.
• Have you used any form of tobacco in the past 24 months?
• Are you a private pilot with less than 500 solo hours; or
do you fly more than 250 hours per year; or do you fly in
other than conventional aircraft (jet/prop)?
• Have you been charged with two or more traffic violations
within 24 months or have you been convicted of driving under
the influence of alcohol or any other drug within the past
five years?
• Have you sought or received treatment for alcohol or drug
abuse within the last 10 years?
• Has a member of your immediate family died of or been
diagnosed with coronary artery, cerebral vascular disease or
diabetes prior to age 60?
• Have you ever had or been told by a doctor that you had
cancer, diabetes, heart disease or an abnormal EKG?
• Based on your age, does your total cholesterol exceed the
following limits?
...Age 20-40: Cholesterol mg/dl 230
...Age 41-55: Cholesterol mg/dl 250
...Age 56-up:
Cholesterol mg/dl 270
• Is your HDL less than 45mg/dl?
• Is your blood pressure higher than 140/85? (If over age
55, 150/90)? |
|
|
TermLifeAmerica.com-
Lewis Fink is licensed as an insurance agent offering Life Insurance in
the following states:
Alabama - AL,
Arkansas - AR,
California - CA,
Colorado - CO,
Connecticut - CT,
Delaware - DE, District of Columbia - DC,
Florida - FL,
Georgia - GA,
Idaho - ID,
Illinois - IL,
Indiana - IN,
Iowa - IA,
Kansas - KS,
Kentucky - KY,
Louisiana - LA,
Maine - ME,
Maryland - MD,
Massachusetts - MA,
Michigan - MI,
Mississippi - MS,
Missouri - MO,
Montana - MT,
Nebraska - NE,
New Mexico - NM,
New Jersey - NJ,
New York - NY,
North Carolina - NC,
North Dakota - ND,
Ohio - OH,
Oklahoma - OK,
Pennsylvania - PA,
Rhode Island - RI,
South Carolina - SC,
South Dakota - SD,
Tennessee - TN,
Texas - TX,
Utah - UT,
Vermont - VT,
Virginia - VA, and
Wisconsin - WI.
Not all insurance products
from all insurance companies are available in all states.
Return To Previous Page
|
|
