A rider to the certificate that provides for the payment of a specified amount of accidental death benefit if the death of the insured is from accidental means.

The account value of the Universal Life contract is the sum of net premiums and interest credited, less premium expense charges (if applicable), monthly deductions, and any partial withdrawals.

The specified face amount of the certificate at death, before adjustments for paid-up additional insurance, certificate loans, and other adjustments. C Cash Surrender Value:  The cash surrender value is equal to the account value, less the amount needed to cover unpaid monthly deductions and any surrender charges and loan indebtedness. Children’ [..]

A monthly charge per $1,000 of coverage based on the amount at risk, duration of coverage, and the insured’s age and risk class.

A life insurance contract that combines permanent and term insurance.  The initial face amount is guaranteed to age 65 or 15 years, whichever is longer.  At that time, the face amount will drop by 40%, but the certificate’s guaranteed term benefit will automatically make up for the decrease in coverage.  You may, at your option, remove the guarante [..]

  The amount of money payable upon the death of the insured.  Total death benefit may include paid-up additional insurance and the amount of any dividends on deposit to accumulate with interest and less any loan balance. Death Benefit Options:  Option 1 [Level] – The death benefit is the face amount of the contract.  Option 2 [Increasing] – The de [..]

 An amount that represents a return of premium due to various factors, including favorable mortality experience, investment results and expense control.  The amount, if any, the Society will allocate for the payment of dividends on this certificate are within the sole discretion of the Society’s board of directors.  Dividends are not guaranteed and [..]

This is a ‘no cost’ rider that is automatically added to certificates where the issue age is between 0 & 15.  It guarantees the primary insured the right to increase coverage by up to $50,000 without evidence of insurability.

This is not a long term care policy or rider; it is a ‘no cost’ rider that allows for early payment of a portion of the contract death benefit while the insured is alive as defined in the policy certificate. Living Value:   Is the cash value and total dividends or participation credits, less any loan balance.  This amount is available to the cer [..]

Additional insurance, purchased with dividends, which has a death benefit and a cash value, but does not require payment of additional premiums. Partial Withdrawal:  The owner may withdraw limited amounts of cash from the account value, subject to applicable surrender charges and withdrawal guidelines as defined in the policy.  Participation Cred [..]