Term life insurance provides coverage when insurance is needed for a specific period of time and is considered an integral part of a financial plan. After all, you will someday make a final mortgage payment. You will someday see your children through college. And though it may not seem like it now, your retirement will someday stand on its own two legs. But you need a way to get there that won’t jeopardize your ability to secure your dreams in the meantime.

Gleaner Life Value Term is a traditional term life insurance plan. This approach provides term life insurance coverage, guaranteeing security and stability. Gleaner Life Value Term is the perfect solution for those looking for an economical way to provide for their loved ones, those wanting to supplement permanent life insurance coverage, or those seeking added coverage for financial obligations like a mortgage or other loans. In addition, by electing the Waiver of Premium rider¹, Gleaner will waive the obligation to pay premiums if the primary insured becomes disabled. With competitive premium amounts, value term keeps life insurance coverage simple and affordable.

Product Features:

• Minimum death benefit: $50,000 - standard risk classes
  $100,000 - preferred risk classes

• Maximum death benefit: 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.

• Premium guarantees: 

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