Freedom of choice
FlexTerm series offers product and conversion options
Overview
About our FlexTerm products
When clients are seeking affordable protection for loved ones, term life is often the product of choice. The term life portfolio lets clients choose from 10-, 15- and 20-year product options, but takes flexibility a step further by offering unparalleled conversion options, knowing that clients’ needs often change over time.
PRODUCT INFORMATION
FlexTerm life insurance
Product details
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Term Plus: Robust conversion options, flexibility for the future
- During the expanded conversion period, clients can convert to any permanent life product available at the time of conversion
- Polices are convertible for the full level premium period or until the policy anniversary nearest the insured’s 70th birthday, whichever comes first
- Conversion credit equal to one annual term base insurance premium
- Competitive 10-, 15- and 20-year rates
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Term Basic: Powerful, low-cost protection
- Lowest cost term life option
- Clients can convert to a permanent policy designated by AuguStar Life
- Competitive 10-, 15- and 20-year rates
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Recap Term: A bridge to permanent insurance
- 10-year policy designed for clients who plan to convert to a permanent policy
- Clients can convert to any permanent life product available at the time of conversion
- All premiums paid during the first five years become conversion credits toward the premium of the new, permanent policy
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YRT Plus II: Temporary protection
- Yearly renewable term life insurance policy for clients who need temporary protection
- Guaranteed premium rates that increase annually
- Option to renew for up to 10 years
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Optional riders
- Waiver of Premium for Total Disability (WPD) Rider (5-year Own Occupation)
- Guaranteed Purchase Option (GPO) Rider (Term Plus only)
- Accidental Death Benefit (ADB) Rider
- Accelerated Benefit Rider (ABR) (Terminal Illness)
- Family Term Rider (Term Plus only)
DISCOVER MORE
Learn more about term insurance
Term life insurance issued by AuguStarSM Life Assurance Corporation. Companies not licensed to conduct business in New York. Product, product features and rider availability vary by state.
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