Old Mutual Term Insurance

Old Mutual Term Insurance provides 2 level term life products. The Home Certain product is designed for quick limited underwriting when obtaining new mortgages. The Saver Select product is a larger, fully underwritten policy. These products are available to anyone between the ages of 18 and 70, depending on term product selection.

Note: Child riders are available to parent policies for children ages 15 days to 21 years. Applicant must have an active loan in order to originate the policy, but the policy is not limited to the loan amount. Secondary mortgage loan applicants are eligible as a "referral" application.

Policy Details

Minimum policy size: $25,000
10-30 year policies available
Customer originates and maintains policy in place regardless of loan balance

Applications administered through First Resources, Ltd.

Issue Ages	0 - 70, depending on term product selection
Child Rider Ages	15 days to 21 years
Minimum Amount	$25,000
Maximum Amount	None
Underwriting/Rates	Underwriting and rates are determined by applicant's age, gender, underwriting health classification, nicotine usage, policy plan and coverage amounts.
Exclusions	Suicide during first two years of policy.
Beneficiary	Applicant can appoint any beneficiary. Note: GreenStone should not be named as the policy beneficiary.
Accelerated Death Benefit	Allows for partial payment of death benefit if insured is terminally ill and not expected to survive more than 6 months.
Child Rider	Child Riders - Up to $10,000 per child
Waiver of Premium	Waiver of Premium - Premium is waived if insured is disabled.
Alternate Offer	If an applicant does not qualify for standard underwriting class, coverage may be offered as a "rated" policy at a higher premium rate
Return of Premium	100% of premium is returned if premiums are paid for full term of policy without claims. Prorated if policy cancelled before term expires.
Disability Income	Rider that is custom designed as add on to life policy. Disability is for total disability (Long Term). Some restrictions apply.
Ultimate Income	Ultimate Income rider is designing payout of death benefit in installments.
Critical Illness	Critical Illness rider pays a predetermined amount prior to death if insured is diagnosed with certain critical illnesses.
Accidental Death	Accidental Death is additional insurance coverage added to term policy which pays if cause of death is accidental.
Extended Premium	Guarantee EPG extends guaranteed premium rates on certain policies up to 30 years.