Life and Health Insurance
Term Exchange Program
Our Term Exchange Program offers your clients a simple way to extend their term life insurance coverage without having to provide evidence of insurability.
An affordable option to a renewal or conversion that offers an additional flexibility to your clients
Available exchange options*:
- Term 10 to Term 20
- Term 10 to Term 70
Exchange program highlights:
- Available on or after the 1st coverage anniversary and prior to the 5th coverage anniversary of the Term 10 coverage (including Term 10 rider).
- A first year commission of 25% will be paid on the new Term 20 or Term 70 coverage.
- Easy to subscribe, complete the “Policy change without evidence of insurability” form and submit it before the 5th anniversary of the Term 10 coverage.
For more details, please refer to the “Term Exchange Program”
Click here to find out more about our term insurance products!
* Term Plus product is excluded from the exchange program.