Insurance Services- Illinois Mutual- Term Life
 
Term insurance, as the name implies, provides protection for a particular term or length of time and therefore pays a benefit only if you die during the term. Term insurance is the lowest premium life insurance product available, since you are purchasing pure life insurance protection. There is no cash value or savings feature.

Illinois Mutual's Term life policy is specifically designed to meet the needs of today's basic life insurance buyer. It offers flexibility, choice and competitive prices. Each term life plan is guaranteed renewable to age 95 and convertible to a permanent policy through the 20th policy year, or Age 70, if earlier.
  • 10-Year Level Term -
    Initial premiums are guaranteed for the first 10 policy years.
    Issue Ages 18 to 75.
  • 15-Year Level Term -
    Initial premiums are guaranteed for the first 10 policy years.
    * Issue Ages 18 to 65.
  • 20-Year Level Term -
    Initial premiums are guaranteed for the first 10 policy years.
    ** Issue Ages 18 to 55.
  • 30-Year Level Term -
    Initial premiums are guaranteed for the first 10 policy years.
    ** Issue Ages 18 to 50.
*Premium guarantees of up to 15 years on the initial premium are also available at an additional cost.
**Premium guarantees of up to 20 years on the initial premium are also available at an additional cost.

Return of Premium Term* Life is ideal for individuals interested in basic Term protection but hesitant to invest in insurance they may not need. By adding the Surrender Benefit Rider to our 15, 20 and 30- year Term life plans, a death benefit is there if you need it. However, if the benefit is not needed, you will receive 100% of the premiums paid, including the rider premium at the end of the term period with a partial premium return beginning at the end of the fifth policy year upon lapse.

As you can see, this offers a win-win solution for you - you get protection if you need it and your money back if you don't.

*Not available in all states
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