Whole Life

Guaranteed Annual Premium

Original line of business: Zurich

Updated on: Dec 13, 2018

Product snapshot

The Guaranteed Annual Premium product is a non-participating, whole life policy with level premiums payable for life.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: N/A

Bonus: N/A

Dividend options

N/A

Bonus

N/A

Premium paying period

Premiums are level and payable for life

Policy fees

N/A

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: Yes

Withdrawals: N/A

Non-forfeiture option

  • Automatic premium loan (APL)
  • Available once cash values become available

Loans

Available once cash values become available

Withdrawals

N/A

Cash value

  • This policy has guaranteed cash values
  • Please check policy contract for date guaranteed cash value start as this varies per policy

Reduced paid up

  • Guaranteed reduced paid up values - please check policy contract for date guaranteed paid up values start as this varies per policy 
  • Minimum RPU face amount is $5,000 

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

Basic coverage only

Reinstatement period

You may apply to reinstate your policy at any time within two years after the start of the grace period

Convertible

No