AMERICO Terms and Conditions

This policy provides level term life insurance to age 95.
The policy provides a level death benefit, and the applicant may select level premiums of 10, 15 and 20 years.

The premiums for the 10, 15, and 20-year plans are guaranteed level or 10, 15, and 20 years, respectively, from the original issue date or date of exchange.

Unless the insured elects and qualifies for a policy exchange. The premiums for the 10, 15 and 20 year plans will increase annually after 10, 15 and 20 years, respectively, until coverage ends at age 95.

ISSUE AGES (AGE NEAREST BIRTHDAY)

10-year plan: 18-75
15-year plan: 18-70
20-year plan: 18-60

Use the proposed insured's current age if his/her birthday occurred within the last 6 months; otherwise, add 1 year to the proposed insured's current age.

For example, if the proposed insured's birthday is March 3rd, use his/her current age through September 2nd. After September 2nd, use current age plus 1.

ANNUAL POLICY FEE
$70

Waiver of Premium Benefit

Issue Ages: 18-55 (Age nearest birthday)

The Waiver of Premium Benefit provides that the total premium (including premium for riders) will be waived if the base insured becomes totally disabled. After 180 consecutive days of insured's disability the premium will be waived from the date of the disability for the duration of the disability. This benefit terminates on the earliest of
1) the policy anniversary nearest the insured's 60th birthday if insured is not disabled at the time; 2) the date the insured recovers if disabled on the policy anniversary nearest the insured's 60th birthday; 3) the date the base policy terminates. If the policy includes a Children's Rider, Waiver of Premium must also be purchased on the ride.

The annual premium per $1,000 of face amount is based on the insured's issue age for the benefit.