Term Series
Simple protection for a limited time
If you only need life insurance for a certain number of years, or if cost is a prime consideration, Term may be right for you.
Term should be purchased as part of a thoughtful strategy because, over time, the cost of term premiums may exceed that of premiums on permanent insurance.
Smart protection with a specific purpose
Since term insurance can be purchased in large amounts for a relatively low premium, it is well-suited for shorter-term protection goals, such as extra protection until a mortgage is paid off or children are through college. You can choose to pay fixed, level premiums for coverage for 1, 10 , 15 or 20 years, or premiums that increase each year. Increasing premiums may be initially lower than our level premium policy but may be higher in later years.
Guaranteed level premiums
Term Series offers affordable premiums that are guaranteed to remain level depending on which policy you choose. After the stated term, your premiums will increase annually, as shown in the policy.
- Term 10 – Premiums are level for first 10 years.
- Term 15 – Premiums are level for first 15 years.
- Term 20 – Premiums are level for first 20 years.
- ART – Premiums are guaranteed for the first 3 years. Premiums after the first year will generally increase annually, subject to the guaranteed maximum term rates.
- TermOne® – A single annual premium that provides nonrenewable coverage expiring at the end of 1 year
Convertible to permanent insurance
Term insurance cannot deliver all the benefits provided by permanent insurance, which offers:
- Lifelong protection
- The ability to accumulate cash value on a tax-deferred basis
Our term policies are convertible to one of our permanent life insurance products. At the time of conversion no medical examination or blood tests will be required. When you would like to convert, talk to your financial professional to see what is available to you.
If you exercise your conversion privilege, we’ll give you a credit towards the first premium on your new permanent policy so your out-of-pocket cost is reduced. The credit is increased for conversions occurring within the first five policy years.
The unused premium on TermOne® conversions will be refunded to the policyowner. There is no credit towards the new policy.
Choice of Riders
Depending on your current or anticipated future needs, you can tailor your Term Series policy by taking advantage of a selection of policy riders. Some riders are available for an additional charge, and all have restrictions and limitations. TermOne® offers no additional riders.
This is a general summary of the key provisions of our term life insurance policies; however, variations by jurisdiction may apply, and policyholders should refer to the actual policy for a complete description of applicable provisions.
Life Insurance is subject to exclusions, limitations and terms for keeping it in force. Your financial professional can provide you with costs and complete details.
Term Series 160 is issued in all jurisdictions by Equitable Financial Life Insurance Company, 1345 Avenue of the Americas, NY, NY 10105. TermOne® Series 160 is issued in all jurisdictions by Equitable Financial company Insurance Agency of Utah in UT; Equitable Network of Puerto Rico, Inc. in PR) and Equitable Distributors, LLC, 1345 Avenue of the Americas, NY, NY 10105.
TermOne® is a registered service mark of Equitable Financial Life Insurance Company, New York, NY, 10105.
Level Term Policy Form #s ICC14-156-LT, 156-LT, or state variation.
ART Policy Form #s- ICC14-156-54, 156-54, or state variation.
TermOne® Policy Form #s ICC07-148-51, 148-51, or state variation.
Life Insurance: • Is not a deposit of any bank • Is not FDIC insured • Is not insured by any federal government agency • Is not guaranteed by any bank or savings association
