Product Portfolio

RIDERS AND BENEFITS

These riders and benefits can help you customize your client's insurance contract so that it fits his or her individual needs. To learn more about our riders click on one of the links below.

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Accelerated Death Benefit Rider

This rider allows the policyowner to accelerate the policy death benefit based on the insured's chronic or terminal illness condition as described below. The rider is available at no additional up front premium. (Fees are assessed at the time of acceleration.)

1) Chronic Illness Provision

This provision allows the owner of the policy to accelerate up to 24% (maximum of $240,000) of the policy's eligible face amount annually if the insured has been certified by a physician to be chronically ill. To be eligible for acceleration of benefits due to chronic illness, the insured has certified within the last 12 months as:

Being unable to perform at least two Activities of Daily Living (bathing, continence, dressing, eating, toileting, transferring) without substantial assistance from another person due to a loss of functional capacity for a period of at least 90 consecutive days,

– OR –

Requiring substantial supervision by another person for a period of at least 90 consecutive days to protect the insured from threats to health and safety due to a physician’s diagnosis of a severe cognitive impairment.

Review the rider language for all applicable conditions, provisions, definitions and exclusions.

Owner may request payment be made in a single lump sum or in a series of equal payments occurring semi-annually, quarterly, or monthly, over a 12-month period.

Available on Horizon Value and Legacy One. The insured must be age 75 or less, rated at Table 4 or less and the face amount at issue cannot be less than $50,000 with the base policy and Paid-Up Addition Rider combined.

This provision is not available in California.


2) Terminal Illness Provision

This provision allows the owner of the policy to accelerate up to half of the death benefit of the policy (maximum of $250,000) if the insured has a terminal illness where life expectancy is 12 months or less.

Owner may request payment be made in a single lump sum or in a series of equal payments occurring semi-annually, quarterly, or monthly, over a 12-month period.

Available on all traditional and term products.

Accidental Death Benefit

This rider provides payment of an additional benefit amount if the insured dies as the result of an accidental bodily injury within one year of such injury and before age 70. If the insured's death is the result of an injury sustained while a fare-paying passenger on a plane, train, bus, or other common carrier, the benefit amount payable under this rider will be doubled.

Premium for this benefit is level. The minimum issue amount is $5,000. The maximum amount is related to policy size. For policies less than $12,500, the rider may be two times the base policy. For policies between $12,500 and $25,000 the maximum is $25,000. For policies greater than $25,000 the maximum for this rider is an amount equal to the policy face amount but no greater than $150,000 total for all policies at Mutual Trust.

Available on Economax and Horizon Value.

This benefit is not available in Washington.

Applicant Waiver of Premium Benefit

This rider makes it possible for the premiums to be paid on a juvenile policy in the event of the disability or death of the adult applicant. This benefit is available where the applicant/owner is age 18 to 54 and the insured is less than age 15. If the applicant named in the application dies before the insured’s age 25, premiums will be waived until the policy anniversary nearest the insured's 25th birthday. If the applicant becomes totally disabled, we will waive premiums that become due during the duration of that total disability or until the policy anniversary nearest the insured's 25th birthday, whichever is sooner.

Available on Economax. Not available if Flexible Premium Paid-Up Additional (PUA) Rider is on the policy.

Children Insurance Rider

This rider provides coverage to all children named in the application who are less than 20 years old at issue. Children born or adopted (if less than 20 years old) after the rider is in effect are also covered under this rider. The Children Insurance Rider is available on policies where the primary insured is age 18 to 55 with a minimum base policy of $10,000. The minimum coverage is $2,000; the maximum is $2,000 for every $10,000 of base death benefit with a maximum rider coverage limit of $10,000.

Available on Economax, Horizon Value and SelecTerm.

Disability Benefit Rider (DBR)

This rider is designed specifically for use with Mutual Trust's Flexible Premium PUA Rider. The policyowner selects a benefit period, a benefit amount, and either a 2-year or 5-year own occupation Waiver of Premium Rider. Upon disability and after a four-month elimination period, the benefit amount selected will be paid as premium payments into the Flexible Premium PUA Rider.

The benefit period starts at issue date of the rider and continues to the end of the benefit period. The minimum benefit period is 7 years. The maximum benefit period is the lesser of rider's payment period, 20 years, or insured's age 65. The minimum annual benefit amount is $1,000. The maximum annual benefit amount is the lesser of $15,000, or the specified maximum premium of the Flex Pay PUA Rider.

Policyowners do not have to add a DBR if they purchase a Waiver of Premium Rider on the base policy; however, they must purchase a Waiver of Premium Rider on the base policy in order to purchase a DBR on the policy.

Available on Economax and Horizon Value.

This rider is not available in California.

Guaranteed Purchase Option Rider

This rider guarantees the policyowner the option to purchase additional permanent policy(ies) on the insured for the amount of this benefit without evidence of insurability. The minimum option amount is $5,000, and the maximum amount is $50,000, regardless of the base policy amount. The regular options can be exercised, upon written request, on or within 31 days before each policy anniversary nearest age 22, 25, 28, 31, 34, 37 or 40.

The owner may choose to advance the next option date upon marriage or the birth or adoption of a child. This alternative option may be substituted for all options, except the last one, and must be exercised within 91 days of the event. When the alternative option is used, it replaces the next scheduled option.

With seven $50,000 options available, an aggregate amount of $350,000 of guaranteed purchases can be obtained.

Available on Economax and Horizon Value policies with underwriting of Standard class or better.

Paid-Up Additional Insurance Riders

Two Paid-up Additional Insurance Riders (PUA) are available: Flexible Premium PUA and Single Premium PUA.

Flexible Premium PUA
The Flexible Premium PUA Rider gives policyholders flexibility in the amount and frequency of rider premium payments.

The policyowner selects a planned premium (for billing) and a maximum annual premium, capped at $100,000 annually. The rider is underwritten at the selected maximum amount. Premiums are flexible, however, and policyowners can pay any amount, at any time, as long as the maximum premium is not exceeded and the minimum premium ($100 per policy year) is met. The rider is eligible for dividends.

The Flex Pay PUA Rider is available on Economax and Horizon Value.

Single Premium PUA
This rider provides a level amount of paid-up life insurance purchased for a lump-sum single premium upon issue of the base policy.

The Single Premium PUA Rider is commonly used for funds received as a result of a 1035 Exchange. The rider’s minimum face amount is $500 and the maximum premium is $500,000.

Available on Economax and Horizon Value.

Term Rider – 7-Year

The 7-Year Term Rider can be included on a policy at issue or on an anniversary date after the policy is in force, subject to underwriting. The rider can be issued on the base policy insured, adult family members (age 18 and older) or business associates. The initial premium is guaranteed level for 7 years with the premium increasing beginning in year 8. The minimum specified rider amount is $25,000. The maximum amount is ten (10) times the specified amount of the base policy for all term riders applied to the policy (7 and 15 year).

The coverage may be exchanged without evidence of insurability for any whole life policy offered by the company at the time of the exchange. The exchange can occur while the coverage is in-force and any time prior to the policy anniversary nearest the insured's 65th birthday.

The riders are available on Economax and Horizon Value.

Term Rider – 15-Year

The 15-Year Term Rider can be included on a policy at issue or on an anniversary date after the policy is in force. The rider can be issued on the base policy insured, adult family members (age 18 and older) or business associates. The initial premium is guaranteed level for 15 years. Premiums increase in year 16 with a new 15-year level premium period. The minimum specified rider amount is $25,000. The maximum amount is ten (10) times specified amount of the base policy for all term riders applied to the policy (7 and 15 year).

The coverage may be exchanged without evidence of insurability for any whole life policy offered by the company at the time of the exchange. The exchange can occur while the coverage is in-force and any time prior to the policy anniversary nearest the insured's 65th birthday.

The riders are available on Economax and Horizon Value.

Waiver of Premium Riders

Two Waiver of Premium Riders are available: 2-year own occupation and 5-year own occupation. The provisions of the riders are the same with the exception of the own occupation period selected.

If the insured becomes totally disabled, we will waive the required premium for the base policy during that total disability. During the first 24 or 60 months, the insured has "own occupation" protection. During this period, "occupation" means the occupation of the insured when disability began. After 24 or 60 months, it means any other occupation in which the insured could be reasonably expected to perform satisfactorily considering his or her age, education, training, experience, and physical and mental capacity.

The insured must be disabled for four consecutive months to be declared totally disabled. No premium due before the insured's 5th birthday will be waived.

Flexible Premium PUA Rider premiums are not waived by this rider. See Disability Benefit Rider (above) for more information.

Available on Economax, SelecTerm and Horizon Value.

MORE ON OUR RIDERS

Download
Consumer Brochure

Download
Riders at a Glance


Download Accelerated Death Benefit
Rider Product Guide

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QUESTIONS?

Have questions about our IntegrityPlus Flex I & II product? Contact our Sales Development Team at 1-800-323-7320, ext 5140.