Term Plans
The Term Plan offers the insured protection for a specified length of time. Term insurance generally provides the largest immediate death protection for your premium dollar. Death benefits are paid only within the term of the policy. While it does not accumulate cash value, it does provide lower cost protection. The Term Insurance Plan can be tailored to the needs of the insurance consumer. The Polish National Union of America is currently offering several types of term insurance:
  • One-Year Renewable Term
  • Twenty-Year Term
  • Decreasing Mortgage Term
Additionally, term riders can be added to certain other Polish National Union of America policies. These policies include:
  • Whole Life
  • Life Paid Up at Age 65
  • Twenty-Pay Life
  • Twenty-Year Endowment
One Year Term
One Year Term plans are renewable and convertible on an annual basis. They can be renewed with an increasing premium each year. The One-Year Term certificate of insurance can be renewed until the anniversary date nearest the 65th birthday of the insured. This plan can also be converted before the end of the anniversary year to any permanent plan of life insurance written by the Polish National Union of America at that particular time. The conversion can be made at any time while the certificate is in force, regardless of the state of health of the insured. No riders will be permitted to be attached to a One-Year Term certificate.

Twenty Year Term
The Twenty-Year Term Plan offers the insured full coverage from the time of issue through the expiration of the term. Premiums are payable for twenty years. At the end of the term, coverage ceases to be in force unless converted into a life or endowment certificate for the same or lesser amount.

The Decreasing (Mortgage) Term
With Decreasing Term Plans, the death benefit decreases at the end of each year. Decreasing (Mortgage) Term has premiums payable for a specific period, as shown below:
  • 12 Year Premium, 15 Year Benefit
  • 16 Year Premium, 20 Year Benefit
  • 20 Year Premium, 25 Year Benefit
  • 24 Year Premium, 30 Year Benefit
Premiums are payable for only 60% of the benefit period. The conversion amount is subject to a maximum of 80% of the death benefit payable under the decreasing term certificate on the date of conversion. Decreasing Term offers excellent protection from losing your home in the event of premature death.
Term Insurance for Juveniles
The Juvenile Term to Age 25 Plan, a separate Term Plan For Juveniles that accompanies a permanent plan of insurance, is a great way of protecting juveniles up to age twenty-five.

  • A permanent plan of insurance must be in force at all times
  • Maximum of one $10,000 policy per juvenile
  • Issue age is from two months to 20 1/2 Years
  • Premium only $15 per year (no partial payments)
  • No riders available
  • Can be converted to a permanent plan
  • Medical not required (except in special cases)
Utilizing Term Riders to Increase Your Coverage
Member of the National Fraternal Congress of America
Term Riders, which act as a term insurance certificates, are an excellent way to increase your insurance protection at a reasonable cost. Term Riders can be attached to many of the permanent plans of insurance offered by the Polish National Union of America.

Conversion of the rider benefit to a life or endowment certificate can be made at any time, regardless of the health of the person insured. The new certificate will have a date and age based on the conversion date. This rider terminates if the certificate premiums are not paid.

Term Riders Available:

  • Twenty Year Term
  • 15 Year Decreasing Term Rider
  • 20 Year Decreasing Term Rider
  • 25 Year Decreasing Term Rider
  • 30 Year Decreasing Term Rider
Guidelines
  • Conversion
    • All plans can be converted to permanent plans of insurance
    • In the case of conversion, the new certificate will have a date and age based upon the conversion date
    • The premium charge will be that of the specific plan of insurance at the attained age of the insured
    • The amount of insurance cannot exceed the face value of the Term Certificate, nor can it be less than the minimum
  • Cash value
    • With Term Insurance, cash values are minimal
  • Minimum Amounts
    • One-Year Term: $20,000
    • Twenty-Year Term: $10,000
    • Decreasing Term: $15,000
  • Ages of Issue
    • One-Year Term: 21-60
    • Twenty-Year Term: 21-50
    • Decreasing Term: 21-40,45,50 or 55 (Depending Upon Plan)
Medical requirements: Depending on your age and amount of term policy, a medical examination may be required.

Riders: The only rider available for Term Plans is the Waiver of Premium rider. (Ask your Branch Secretary for details).

For more information on Term Plans, fill in the information request form, contact your Branch Secretary or call the offices of the Polish National Union of America at 1-800-724-6352. The call is toll-free.
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