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Term insurance is economical protection for a limited period of time. The SelecTerm series provides guaranteed level premiums for 10, 15, 20 and 30 years. Coverage can be renewed after the level premium period until age 98. Premiums after the level premium period will increase annually. Should insurance needs change, the policyowner can convert the SelecTerm policy to any Mutual Trust permanent life insurance policy. Conversion can occur anytime during the level premium period or to age 70, whichever is earliest.
Accelerated Underwriting: This program has the potential to shorten the time it takes to complete underwriting with no medical exams required.
The eligibility criteria currently includes:
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Proposed insured meets the criteria for Preferred Non-Tobacco or Preferred Plus Non-Tobacco risk class
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Ages 19-50
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$100,000-$500,000 death benefit
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The application is fully completed including all medical questions and is submitted with all required forms
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Accelerated Death Benefit for Terminal Illness
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Children's Insurance Rider
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Waiver of Premium – 2 Year Own Occupation
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Waiver of Premium – 5 Year Own Occupation
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