718-268-9255
718-268-9268LIFE INSURANCE PRODUCT
Life Insurance Plans - Term Insurance (or Competitive with Term Insurance)
| Product | Level Term Gold | Yearly Renewable Term Gold | Life Span Gold |
| Description | Level Term Gold offers cost-effective life insurance protection for periods of 10,15,or 20 years, with the option to convert to one of our quality, permanent Life products. The premium is guaranteed to never increase during the term period, and the policy is convertible without having to prove good health. | The new YRT can provide solid, financial security at a very affordable cost where there is an immediate, short-term need. It is also convertible, typically without having to prove good health, to one of Guardian’s high quality, permanent life insurance products. | An Automatically Convertible Term Plan that is uniquely designed for clients who need relatively short duration Term coverage at very competitive rates, along with the assurance of automatic conversion to Whole Life insurance if the longer-term needs develop. The policy offers clients affordable increasing Term insurance premiums during the initial period, converting automatically to a high quality, permanent Whole Life policy for the ultimate period. |
| Conversion Option | These policies are convertible during the initial 5-year Conversion Period to any single life permanent policy issued by Guardian at attained or original age, without evidence of insurability. The Conversion Period may be extended to the end of the initial period through purchase of the Extended Conversion Rider | YRT Gold policies are convertible to current permanent life insurance policies at original or attained age until the later of age 65 or the 5th anniversary, without evidence of insurability/ | LifeSpan Gold converts automatically to a Guardian Whole Life policy after the initial period of 15 years up to age 80, and is fully convertible for the first 6 policy years to any other single life permanent policy issued by Guardian at original or attained age. |
| Riders | - Waiver of Premium - Whole Life Purchase Option - Extended Conversion |
- Waiver of Premium - Whole Life Purchase Option - Accidental Death Benefit |
- Waiver of Premium - Whole Life Purchase Option |
| Issues Age | Term 10: ages 20-70(20-69 in NY) Term 15: ages 20-65(20-64 in NY) Term 20: ages 20-60(20-59 in NY) Term 30: ages 20-50(20-49 in NY) |
ages 20-70 | Age 20-70 |
| Minimum Face Amount | -$250,000 - $100,000 on the remaining portion of the policy for partial conversions |
-$250,000 for Elite and Preferred Plus NT underwriting classes -$100,000 for most underwriting classes |
-$250,000 for Elite and Preferred Plus NT underwriting classes -$100,000 for most underwriting classes |
| Cash Value | There is no cash value and policies do not earn dividends. | There is no cash value and policies do not earn dividends. | No cash value during the initial period. |
This information is intended for educational purposes only. It is for agent and broker use only. It is not for distribution to the public.
