Whole Life

20 Pay Whole Life

Original line of business: Manulife

Updated on: Dec 11, 2018

Product snapshot

The 20 Pay Whole Life Plan is a participating, whole life plan with level premiums payable for 20 years.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: Yes

Bonus: N/A

Dividend options

  • Paid Up Additions
  • Cash
  • Premium Reduction
  • Accumulation

Bonus

N/A

Premium paying period

Level premiums are payable for 20 years 

Policy fees

N/A

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: Yes

Withdrawals: Yes

Non-forfeiture option

  • Automatic Premium Loan (APL)
  • Other options may be available, please review the policy contract 

Loans

Policy loans are available 

Withdrawals

Dividends may be withdrawn

Cash value

Cash values are guaranteed

Reduced paid up

Reduced paid up is available

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A 

Death benefit

An increase in life insurance protection for par/non-par policies at no additional cost to the client. This increase is based on Manulife's performance in such areas as investment earnings and mortality experience which is passed along to the client. This increase is not guaranteed and is subject to annual review

Reinstatement period

N/A

Convertible

No