Review Child Term Benefit on in-force policies

What is the CTB and when does it expire? 

CTB is added to a Client’s plan to provide life insurance for their child/children until the child meets a certain age threshold. It protects children named on the application, as well as children born to or adopted by the insured after the policy is issued. This includes stepchildren in some cases.  

The child and insured threshold ages vary depending on the product and company of issue. Commonly, the child’s protection is in place until they’re 25 or the insured is 65 or 70. See the in-force policy details for benefit specifics.  

How can reviewing the CTB help you grow your business? 

The CTB provides peace of mind and protection for Clients and their families. Staying close to Clients’ needs allows you to start conversations and uncover new opportunities. Once a Client's child has reached adulthood, you have an opportunity to forge a new relationship and offer your advice and expertise to a potential new Client. 

Calls-to-action: 

• Regularly review the CTB with Clients. Otherwise, they could continue paying for it as part of their premium when their children may have surpassed the eligible age threshold. 
• Contact Clients, especially those with children you know are near or past the age threshold of the CTB, to determine if they:
  • still need coverage
  • need to convert the coverage to a standalone plan for eligible children
  • need to cancel the benefit. 
    • To cancel the CTB, complete Form 87 – Application for change to an existing life insurance policy.

Resources 

For more information about the CTB on various plans, visit the product pages available: 

• Participating insurance
• Permanent insurance
• Term insurance
• SunUniversalLife II
• Products no longer sold

Contact us 

• For general questions, call 1-800-800-4SUN (786)
• For policy specific questions use Benefit – cancel attached inquire