To quickly convert term coverage to permanent coverage, dividends are used to purchase paid-up additions.

You may borrow from the cash value of a Corporate CompLife® policy. Loans may be taken at a market loan rate based on Moody's index for corporate bonds or at a fixed rate of either 8% or 5%. The amount borrowed affects the amount of dividends you will receive and any unpaid loans, along with accumulated interest, will be deducted from the proceeds at death or if the policy is surrendered prior to death.

Corporate CompLife® has a guaranteed cash value specified by the policy, assuming all required premiums have been paid. The cash value of any additions purchased with additional premiums and lump sums is also guaranteed.

Premiums are payable until age 90. Base premiums are guaranteed to remain level and Additional Protection premiums are guaranteed for one year.

 Corporate CompLife® is required to have a corporation as owner, payer and beneficiary. Exception is made for certain split-dollar plans.

The following benefit is subject to underwriting and additional cost.

• Waiver of Premium—If the insured becomes totally disabled premiums will be waived, on an annual basis, from the beginning of the disability(2). If the disability occurs before age 60, the premiums will be waived for the entire paying period of the policy, as long as the insured remains totally disabled. If the disability occurs between ages 60 and 65, premiums are waived until age 65 or the end of the paying period, whichever comes first. Available for insured persons ages 0-59.