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The policy is a non-participating, interest-sensitive investment product which offers nominal insurance coverage and can be surrendered without penalty at any Interest Review Date. The policy is available for a minimum investment amount.
- Issue Age is 0 - 99 years
- Maximum coverage is $1,000
The policy provides nominal life insurance of $1,000.00. In the event of death, the benefit payable is the aggregate of the sum insured and the surrender value.
The Initial Premium is payable on the Issue Date. Additional Investment Premiums may be paid on any Interest Review Date during the lifetime of the policy. Both the Initial Premium and any Additional Premiums are subject to a minimum amount that the Company may vary from time to time.
The interest rate credited will be determined by the Company from time to time and is GUARANTEED for the Interest Period.