You’ve found your calling. You’ve found talented people who share your vision. You’ve built a successful business with your partners. But have you planned for the unexpected? Life can be as challenging to predict as business. What if you or one of your business partners were to unexpectedly pass away? Would your company have the liquidity to keep your business thriving?

Gleaner Life Succession Term provides coverage for multiple business partners with one premium payment. The loss of a partner can be difficult, but succession term provides security for buy-sell agreements, giving you and your business partners the confidence that funds will be available should the need arise. In addition, by electing the Waiver of Premium rider on each certificate, Gleaner will waive the obligation to pay premiums if the primary insured becomes disabled.¹ Succession term eliminates excess expenses, providing maximum coverage at minimum cost.

Product Features:

• Minimum death benefit: $50,000

• Maximum death benefit: none (subject to Home Office approval)

• Accelerated Death Benefit: In the event of a terminal illness, this feature allows the primary insured to receive up to 50% of the certificate’s death benefit in advance (subject to a maximum of $500,000). Included at no additional charge.

• Conversion Privilege: This valuable benefit allows you to convert your certificate to a Gleaner permanent cash value insurance certificate before age 71 without proof of insurability. Included at no additional charge.

• Multiple Certificate Discount: This feature allows you to purchase multiple certificates with one, unified premium payment and policy fee.

• Premium guarantees:

  • Ten-year guarantee (lower premium rate)
  • Full guarantee (guaranteed level premiums for the entire term)