| Expert Term Series®
- Level Term (10,15, 20-Year Level Term)
SAFECO's
Expert-Level Term is guaranteed renewable and convertible life insurance
with level insurance protection to age 95. The period selected (10,15 or
20) designates the number of years that insurance premiums remain level.
After the initial level premium period, the premiums will increase
annually up to insured age 95. All premiums are guaranteed at issue.
Policy available
for following Ages:
Age 15 to age 75 for 10 Year Level Term
Age 15 to age 65 for 15 Year Level Term
Age 15 to age 60 for 20 Year Level
Term
Minimum Amount of
Insurance:
$100,000 for Standard & Preferred Underwriting Category
$200,000 for Preferred Plus
Category
Annual Policy
Fee:
The annual policy fee is an administration fee
included in the policy premium. For insurance amounts of $100,000 to
$399,999 the annual policy fee is $60.00. For insurance amounts of
$400,000 or more the annual policy fee is $75.00.
Conversion
Feature:
Prior to the policy anniversary following the insured's 75th birthday,
for the same amount of insurance coverage, the policy owner may apply to
change the type of coverage from term insurance to permanent life
insurance without providing evidence of insurability. The underwriting
category used to issue the initial policy will be used for the new policy.
Note:
Product availability is subject to state
approval.
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