Level Term Series and ChoiceTerm 20 Product Revisions

To help you come out on top in the highly competitive term insurance market, Kansas City Life Insurance Company announces revisions to its Level Term Series and ChoiceTerm 20 products.

The product revisions include the following highlights:

• ChoiceTerm 20 level premiums have been reduced to improve its competitive position.
• The minimum issue age has been lowered to 18 for the Level Term Series and ChoiceTerm 20 products.
• The minimum issue limit for ChoiceTerm 20 has reduced from $1 million to $250,000.
• The minimum death benefit limit after conversion has reduced from $250,000 on Level Advantage to $100,000 and $1 million on ChoiceTerm 20 to $250,000.
• The addition of the Standard Select Nontobacco risk class to the Level Term and Level Term Advantage products.
• The policy fee on the ChoiceTerm 20 has been lowered to $75 from $100.
• Premium banding has been added on ChoiceTerm 20 (available bands of B250, B500, B1000).
• Conversion privileges with reduced conversion credit. All plans may be converted to any permanent plan including the Life Protector.

On the illustration system, the old term plans will have the year they came out in the product name. The revised terms will have no year next to the name.  For example, the old version of the level 20 term will be listed as Level 20 (2012) and the revised version will be listed as Level 20.  To see if your state has approved the revised terms check the State Approvals Map on iKCLife.

If your state has approved the revised term plans, the following wizards on iKCLife will use the new terms: Triple Option Term, Triple Option UL, Triple Option WL, Quote Sheet and the IAO Fact Finder.  If your state has not yet approved the revised terms the wizards will use the old term plans.

Please contact us if you have any questions about the revised term plans or how the illustration system is handling them.

Have a Great Day,

Illustration Development Team

1-800-572-2467 x8162

illustrationhelp@kclife.com