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Offered through The Northwestern Mutual Life Insurance Company Level Term 20 meets your temporary coverage needs by offering larger
amounts of life insurance for limited periods of time. When death
benefit protection becomes increasingly important during times of
greater financial responsibility, Level Term 20 offers an affordable
temporary insurance strategy.
Premiums for Level Term 20 are guaranteed to remain level for 20 years.
The level premiums offer you the ability to budget and plan your
insurance costs while providing for your short or moderately long term
needs.
Term conversion options exist and Level Term 20 can be converted to
permanent life insurance during the first ten years of the policy
without additional evidence of insurability. |
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Death Benefit
Conversion Rights
Premiums
Premium Illustration*
Specifications
Optional Policy Benefits
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Level Term 20 provides a death benefit for 20 years if issued at ages
18-50. If issued at ages 51-60 (non-New York), coverage can be renewed for an additional 5 years with increasing premiums. |
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Level Term 20 may be converted during the first ten years of the policy
to a permanent single life insurance plan without providing additional proof of
insurability. Partial conversions are permitted, but the remaining term
policy must have a minimum face value of $50,000. The premium on the new
policy will be based on the insured's age at the time of the conversion. |
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Premiums are paid for 20 years. Premiums are guaranteed to remain level for 20 years. When a policy is issued between the ages of 51-60 (non-New York) and the policyowner decides to keep the policy beyond the 20th year, the premium increases annually by age. |
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Sample premiums for a $500,000 policy. |
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| | | | Issue Age: | | Male: | | Female: | | Sex-Neutral**: | | | | | | 25 | | $324.00 | | $259.00 | | $319.00 | | | | | | | 35 | | $433.00 | | $388.00 | | $428.00 | | | | | | | 45 | | $916.00 | | $801.00 | | $906.00 | | | | | | | 55 | | $1,992.00 | | $1,527.00 | | $1,947.00 | | | | | |
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*TT Term Series, premier non-tobacco premiums. Level Term 20 premiums are guaranteed for all years. **A sex-neutral policy is available in Montana and is also available when provided by an employer as an employee life insurance fringe benefit. |
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| | | | Issue Ages: | | Minimum Policy Size: | | | | | | 18-60 | | $100,000 | | | | | |
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Waiver of Premium—Waives the payment of all premiums that
come due during the disability of the insured person. For premiums to be
waived, total disability must exist continuously for a period of six
months and result from an accident or sickness. Total disability is
defined in the terms of the policy contract. Available for insured
persons at all issue ages.
This benefit is subject to underwriting and additional cost. |
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To learn more, contact
one of our Financial Representatives |
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