Your Premium and Term Options

With the Critical Illness Recovery Plan policy, your premium will depend on your age, gender, health and options that you choose, including the lump-sum benefit amount, term, optional coverages, and more.

You can choose from several premium and term options:

• Level premiums to age 100 (non-cancellable): We will not change the plan benefits or premiums from those stated in the policy.
• Level premiums to age 75 (non-cancellable): We will not change the plan benefits or premiums from those stated in the policy.
• Level premiums to age 65 or 75 (guaranteed renewable): We will not change the plan benefits, but the premiums may be subject to change.
• 10-year term renewable to age 75: Premiums are regularly scheduled to change every 10 years.

Non-Cancellable vs. Guaranteed Renewable

A non-cancellable plan means that as long as your premiums are paid, we cannot change the provisions or premiums, or cancel the policy.

A guaranteed renewable plan means that as long as your premiums are paid, we cannot cancel the policy. At our discretion, we may change future renewal premiums. However, we cannot change the premium unless we do so for an entire group of policyholders sharing similar characteristics.