This contract pays the guaranteed sum assured any time death occurs. Depending on the arrangement, premium payment may stop at age 60 or 65 while cover is still in force.
FEATURES
- Policy term is for a life time
- Mode of premium payment can always be adapted to policyholder’s cash flow
- Minimum and maximum ages at entry are 18 and 65 respectively
- Premium payment period stops at age 60 years or 65 years
BENEFITS
- Family protection. It is means of providing for one’s dependent’s in case of death
- It guarantees peace of mind
- Business owners can use the plan as a collateral security to secure loan