A term life insurance policy is a type of insurance that covers you and your loved ones for a specific period of time. After the level term period ends, the coverage renews at higher rates which increase annually through age 95.
Lumico Protect Now Term allows you to protect your loved ones from debt for specific life events in your absence like paying for a mortgage, replacing lost income, or sending your children to college.
Product Specifications
Term lengths and issue ages
10, 15 and 20 year term: ages 18-65
30 year term: ages 18-50
Minimum face amount
$50,000
Risk classes and maximum face amount
Platinum: $1M ages less than 65, $250K for age 65 Gold: $500K ages less than 65, $250 for age 65 Silver Non-Tobacco: $250K for all ages Silver Tobacco: $100K for all ages Bronze: $100K for all ages
Premium frequency
Annual, semi-annual, quarterly, monthly
Rider options
Included
Accelerated Death
Optional
Accidental Death
Dependent Child
Waiver of Premium
For more coverage information, please download a copy of our Fact Sheet.
