Promise Whole Life 120 (PWL 120)

Promise Whole Life 120 (PWL 120)

 

Policy Change Type Promise Whole Life Portfolio Other Change Criteria
Risk Classification Improvement* Annual Policy Anniversary  Risk Classification Improvement changes must be submitted 90 days prior to 90 after the policy anniversary.
Face Decrease:**
Decrease Face without Flex Term Rider Earlier of Paid to Date and Current Date  
Decrease Face with Flex Term Rider Annual Policy Anniversary   
Benefit Increase:
Accidental Death Benefit  Annual Policy Anniversary  Available for Insured ages 0-65; not available on Guaranteed Issue policies.
Rider/Benefit Additions:
Accidental Death Benefit  Annual Policy Anniversary  Available for Insured ages 0-65; not available on Guaranteed Issue policies.
Children's Term Insurance Rider  Annual Policy Anniversary   
Disability Waiver  Annual Policy Anniversary  Available for insured ages 0-60.
Purchase Additional Insurance Rider Annual Policy Anniversary  Available with $100,000 minimum base face amount for risk class rating through Table F for insured ages 0-85
Rider/Benefit Cancellations:
Accidential Death Benefit  Earlier of Paid to Date and Current Date  
Applicant's Waiver of Premium  Earlier of Paid to Date and Current Date  
Children's Term Insurance Rider  Earlier of Paid to Date and Current Date  
Disability Waiver  Earlier of Paid to Date and Current Date  
Flex Term Rider Earlier of Paid to Date and Current Date  
Guaranteed Insurability Rider Earlier of Paid to Date and Current Date  
Purchase Additional Insurance Rider Earlier of Paid to Date and Current Date  
Conversion:
Flex Term Rider Conversion  Annual Policy Anniversary  Available to the later of the insured's age 65 or the first 10 policy years. 

*Risk class improvements are not available for juvenile policies with issue ages 0-17.

**Face decrease cannot exceed a minimum face amount of $100,000.