Secure Life Plus brings together the security of traditional whole life insurance and the flexibility of three different payment periods: 10-year pay, 20-year pay and paid up at age 100. It also features a guaranteed insurability option, allowing you to purchase additional coverage without a medical exam. For an affordable rate, you can add a waiver of premium rider, which means you won’t have to continue paying premiums if you become permanently disabled.
With guaranteed level premiums, your payments will never increase, giving you the stability to secure your home, your family and your future. As your life changes, Secure Life Plus will be there to protect you and your loved ones with all the benefits of permanent life insurance.
Three ways to pay
With 10-year pay, you only pay premiums for the first 10 years of your certificate’s life. This generally results in higher premiums, but it means you will have permanent lifetime coverage yet only pay premiums during a 10-year period.
With 20-year pay, you only pay premiums for the first 20 years of your certificate’s life. Premiums will generally be more affordable than 10-year pay but higher than paid up at age 100. Your coverage will be permanent and will remain in force for your lifetime.
Paid up at age 100
This is the most traditional way of purchasing whole life insurance. Premiums are payable to age 100, but due to the long-term payment period, premiums will generally be lower than 10-year or 20-year pay.
- 0-85 (10-year pay and paid up at age 100)
- 0-75 (20-year pay)
Minimum face amount: $10,000
Maximum face amount: None (subject to Home Office approval)
- Paid-in cash
- Reduced premium
- Paid-up additions
- Accumulate with interest
Guaranteed Insurability Option: Purchase additional life insurance coverage at regular options dates throughout the life of the certificate. Ask your agent for more details.
Waiver of Premium: Premiums are waived in the event of permanent disability. Ask your agent for more details.
Single-Premium Paid-up Addition Rider: The Single-Premium Paid-Up Addition Rider gives your Secure Life Plus certificate allows you to add an additional lump sum deposit at issue. While your base certificate premiums continue to build equity over time, the lump sum creates immediate cash value. Your lump sum deposit can come from your own savings or you can transfer the cash value of existing permanent coverage you may already own to your new Gleaner Secure Life Plus certificate.
- Minimum face amount: $2,500
- Maximum face amount: Five times the face amount of the base plan; face amounts over $500,000 subject to Home Office approval