Everyone needs some form of financial security for the future. Our life insurance plans give you two levels of security for your peace of mind. You can make a savings plan for yourself and/or provide for your loved ones in the event you are no longer around.
The Special Whole Life Assurance Plan is a perfect retirement plan as it provides cover throughout the lifetime of the policyholder.
The policy holder will, on survival, at the end of every five (5) years, receive 15% of the sum assured until their passing.
Attaining the age of 63, the life assured will stop paying the premium, but 15% of the sum assured is paid out to the policyholder every 5 years until their passing. Upon death of the policy holder the beneficiary will receive the full sum assured.
Benefits of this Plan:
> On survival to the end of the term, the sum assured (less survival paid) and accrued bonuses are payable;
> On death during the term, the sum assured, plus bonuses accrued up the date of death are payable;
> On Total and Permanent Disablement, the sum assured, plus bonuses accrued up the date of Total and Permanent Disablement are payable;
> Many clients prefer to choose a with-profits plan as it attracts an annual bonus.
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All ordinary policy holders (ordinary plans) may be granted an advance against their respective plan based on a cash surrender value at the time of application. The policy advance is repayable in accordance with our terms and conditions.