5 YEAR RENEWABLE AND CONVERTIBLE TERM
 PLAN
DESCRIPTION
Simplified issue, level death benefit, level premium, renewable and convertible term Policy. Special application with seven health questions. Guaranteed death benefits. Nonparticipating. Renewable to age 79.
POLICY SIZE-BANDING
$10,000 Minimum
$50,000 Maximum
ISSUE AGES
Age last birthday.
18 Minimum
- 79 Maximum
PREMIUMS
Premiums are designed to be level for each five year term of insurance. Current rates guaranteed for one policy year. Thereafter, Germania Life intends to charge the current rate but may lower or raise rates to the guaranteed maximum.
ANNUAL POLICY FEE
$25.00
PREMIUM CLASS
Uni-smoke premiums - no distinction for Non-Smoker and Smoker.
PREMIUM MODE FACTORS
For payment plans other than annual, multiply the annual premium by the following factors:
Semi-annual .51
Quarterly .265
Monthly (PAC) .085
Monthly coupon .09
PREMIUM MODE FACTORS
Premiums can be paid annually, semi-annually, quarterly, monthly coupon, or monthly bank draft.
RENEWABILITY
The policy renews every 5 years, without evidence of insurability, by payment of the new attained age premium. In no event will coverage extend beyond age 84.
CONVERTIBILITY
The policy may be converted to any PERMANENT WHOLE LIFE plan of insurance without evidence of insurability on or before the policy anniversary when the insured is age 70. Full or partial conversion will be allowed. The face amount of the permanent policy must be equal to (or less than) the amount of the term policy being converted. There will be a conversion credit of 100% of the premium paid during the policy year it converts (for the portion being converted, if partial), except during the first policy year or second policy year, where the credit will be 0% and 50%, respectively. Full commission will be paid for the new permanent policy.
BENEFITS AVAILABLE
None
If you would like to speak to someone personally, you can call 1-800-392-2202
to find the agent(s) in your area of Texas.
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