Participating life insurance is a permanent coverage which allows policy owners to earn dividends and accumulate cash value on a tax-preferred basis. Clients have the flexibility of choosing between 5 dividend options which can enable them to increase their coverage or reduce their annual premium or benefit from a cash payment.
Participating Life Insurance Payable 20 Years
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The Accelerated growth product generates higher medium term dividends. It is the ideal solution for clients looking to increase their retirement income or to achieve a financial goal within a 10 to 15 year horizon. It also offers higher medium-term cash surrender values. Upon termination of the coverage, clients can be refunded either a portion of the paid premiums or more.
The Estate Enhancer product maximises the long term death benefit. It is the ideal solution for clients looking at estate protection, as well as for optimising the cash surrender value within a 20 year duration. Clients have the freedom to choose how they use their dividends earnings, and can increase their coverage, reduce their annual premium or benefit from cash payments.
Participating Whole Life Insurance 100 Pay
The accelerated growth option is the ideal solution for clients who would like to increase their pension income or realize a project with a 10 to 15-year horizon, as a result of growth in cash surrender values.
The Estate enhancer option maximizes the long term death benefit. Due to its growth in cash surrender values, this product is the ideal solution for clients who would like to optimize their inheritance or realize a project with a 20-year time frame. Estate enhancer provides guaranteed cash surrender values, premiums and an amount payable upon death. Clients can also receive lifetime dividends. For the long term, these values can grow tax-free and, depending on the chosen dividend option, the amount payable upon death could increase significantly.