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Path Protector® Term Life is a guaranteed premium term life insurance policy, renewable to age 95. Premiums are guaranteed level for the initial term period of 10, 15, 20 or 30 years. The policy may be renewed after the initial term period at annually increasing rates until age 95.

  • Maximum amount of coverage for minimum amount of cost
  • Ideal for specified period of time
  • Flexible coverage periods
  • Can be renewed without proving insurability
  • Can be converted to a permanent policy without proving insurability1
  • Provides a financial bridge when protection need is high and budget is restricted

Optional Riders

Illinois Mutual’s optional riders, available at an additional cost, give you the flexibility to personalize your life insurance coverage. Below are some of our most popular options.


This rider, which is automatically included with Path Protector® Term Life where available, offers an accelerated payment of life insurance proceeds when a licensed physician diagnoses the Insured with a medical condition that is expected to result in death within 24 months of the date we receive due proof. The amount available for acceleration may not exceed the lesser of the following:

  • 80% of the policy’s net amount at risk as of the prior policy anniversary; or
  • $500,000

The minimum benefit payment is the lower of 25% of the policy’s face amount or $5,000.

Certain charges accrue when an Accelerated Death Benefit is paid. Acceleration of death benefits creates a lien that reduces (and may terminate) the policy’s death benefit and the cash available for loans, withdrawals, and nonforfeiture options. Interest on the lien continues to accumulate after the payment date. Only one benefit may be paid during any 12-month period.

This rider waives the premium, including rider premiums, during the total and permanent disability of the covered insured. The disability must be in existence for six consecutive months before the waiver is activated.

Issue Ages: 18 to 55
Termination Limit: The insured’s attained age 60


The Child Insurance Rider provides level term insurance to age 25 on the insured’s children listed on the application and children born to or adopted by the insured while the policy and rider are in force.

Issue Ages:

  • Insured age 18 to 70
  • Children ages 0 to 18

Conversion Limits:
This rider may be converted on the earliest of the policy anniversary following the primary insured’s 70th birthday, the primary insured’s date of death, or the policy anniversary following the insured child’s 25th birthday. The rider may be converted up to the lesser of 5 times the amount of coverage or $50,000 without evidence of insurability to any plan of insurance, except term, then being issued.

Termination Age: Coverage terminates at the earliest of:

  • The policy anniversary following the last covered child’s 25th birthday
  • The policy anniversary following the insured’s 70th birthday
  • Conversion of the insurance on the life of the last covered child

Issue Limits:

  • One unit equals $1,000 of insurance coverage on each covered child
  • Minimum number of units: 1 unit ($1,000)
  • Maximum number of units: 20 units ($20,000)
  • Annual premium rate is $6 per unit.
  • Waiver of Premium applies to the Child Insurance Rider when the base policy has Waiver of Premium

1As long as you continue paying premiums, you have the option to convert to a permanent life insurance plan through the earlier of the 20th policy year or age 70 without evidence of insurability.
2Coverage to insured’s age 60. If the date of disability is prior to the policy anniversary on which the insured is age 60, benefits can continue to the date the policy expires. The rider terminates at the earlier of: a) termination of the policy, b) death of the insured, c) policy anniversary following the insured’s 60th birthday, or d) when any premium for this benefit or for the policy is not paid when due or within the grace period.

Payments made under these riders are intended to qualify for favorable tax treatment under the Internal Revenue Code. Illinois Mutual recommends that a qualified tax advisor is consulted prior to purchasing the policy or accelerating benefits.

Accelerated Death Benefit Payments may affect eligibility for or the amount of certain state or federal government benefits such as Medicaid or Supplemental Security Income (SSI). These riders are not intended to be a substitute for long term care insurance, health insurance, or nursing home insurance.

Total and permanent disability shall mean a disability caused by accidental bodily injury which is sustained or by disease which first manifests itself while this Benefit is in force. Such disability must totally and continuously prevent the Insured from performing substantially all of the duties of any occupation for wage or profit in which he might reasonably be expected to be engaged with due regard to his education, training, experience and prior standard of living.

However, during the first 24 months of any period of disability, total and permanent disability shall mean disability which totally and continuously prevents the Insured from performing substantially all of the duties of his occupation. Being a student is considered performing an occupation. A disability which has continued without interruption for at least 6 months shall be deemed to be permanent. However, this will only be for the purpose of determining the start of our liability. Not available in CA.

Policy Form 614, Renewable Term To Age 95
Policy Form 491-R, Supplemental Benefit Providing Disability Waiver of Premium
Policy Form 5235, Child Insurance Rider
Policy Form 5741T, Terminal Illness Accelerated Death Benefit Rider

Not available in AK, DC, HI, MT or NY. Coverage and availability may vary in other states.

For policy costs and details of coverage, limitations, exclusions and terms, contact Illinois Mutual. 3