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Individual Life Insurance

Versatile Term™​​


Affordable Coverage for Your Temporary Needs

Purchasing life insurance could be the most important decision you make toward protecting your family's future. Having the right amount of life insurance protection when you pass away will provide your family with a future that is financially secure.
The CUMIS Versatile Term product is easy to purchase and offers affordable coverage with flexible term lengths. It's ideal for younger families just starting out, or for those who are still single. It’s also an excellent choice for individuals with temporary needs or limited budgets. 
Versatile Term insurance provides protection for a predetermined period of time and pays benefits only if you pass away during the specified term.


  • Available in term lengths of 10-, 15-, 20-, 25- and 30-years
  • Coverage amounts range from $25,000 to $10 million
  • Available to individuals ages 16 to 85 years less the selected term length
    • For example, the maximum issue age for a Versatile Term 10 policy is 75 years
      (85 years – 10 year term = 75 years)
  • Affordable, guaranteed premium rates during initial level term duration
  • Guaranteed renewal rates with annual increases
  • Preferred rates are available to those who qualify

Flexible Coverage

The CUMIS Versatile Term product offers protection right up to age 85, meeting both your temporary and lifetime protection needs. You choose the payment option and amount that suits your budget and needs. Upon expiry of the selected level term duration, you may renew your coverage at renewal rates. Even if your health has changed, you can not be turned down at renewal. At any time, you may apply to increase your coverage as your lifestyle and income change.

Conversion Privilege

As you move through life, it is likely that you will find that permanent coverage is required. For instance, you may have the desire to set aside the proceeds from insurance for on-going income and taxes payable at death, and in that case your needs might be better served by a permanent insurance plan.
CUMIS Versatile Term policyholders may convert their existing CUMIS Versatile Term plan at any time up to age 70, to any level premium life policy then issued by CUMIS Life, without having to meet any underwriting requirements.

You may customize your plan by adding the following optional riders and other benefits:

  • Versatile Term™ Riders
  • Child Rider
  • Disability Premium Waiver Benefit
  • Accidental Death Benefit
  • Guaranteed Insurability Option
  • Critical Assist®​ Rider
  • Disability Insurance Rider

Contact Us

For more information on our products, or to obtain a quotation, contact CUMIS TeleLife:
Monday to Friday, 8 a.m. to 8 p.m. (Eastern Standard Time)