Special Whole Life Assurance Plan
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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F.A.Q
Our clients most frequently asked questions
Policy Advances
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.
