JOINT LIFE ANNUAL DECREASING TERM
 PLAN
DESCRIPTION
A decreasing death benefit, level premium policy written on two lives
with the death benefit payable on the first death. The policy is written
for terms of 15, 20, 25 or 30 years. The decrease in death benefit follows an 8% amortization schedule.
POLICY SIZE-BANDING
Minimum policy size is $25,000 with three premium bands:
Band 1 - $25,000 - $49,999
Band 2 - $50,000 - $99,999
Band 3 - $100,000 and above
ISSUE AGES
Ages 15 to [52 for 30 yr], [58 for 25 yr], [60 for 20 yr], [65 for
15 yr], as of last birthday.
PREMIUMS
Designed to be level throughout the term of the policy. Current rates
for basic coverage are guaranteed for one policy year. Therefore, the
company intends to charge the current rate but may lower or raise rates
to the guaranteed maximum.
POLICY FEE
$25.00 included annually in the gross premium.
PREMIUM CLASS
Non-smoker and smoker. Sub-standard premiums are offered by the Home
Office when appropriate for the risk.
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
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 65. The amount to be converted will be the face
amount at the time of the request.
BENEFITS AVAILABLE
Waiver of Premium, Accidental Death and Children's Term Rider.
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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