Whole Life

Signet A

Original line of business: Manulife

Updated on: Dec 14, 2018

Product snapshot

The Signet A product is a whole life non-participating permanent insurance plan and does not contain a conversion provision in its contract. Therefore, conversion from Signet to other plans is not allowed.  This plan becomes paid up for 50% of the face amount, at the later of Policy Year 20 or Age 65.

Basic product information

Sample contract: N/A

Dividend options: N/A

Bonus: N/A

Dividend options

N/A

Bonus

N/A

Premium paying period

  • Level premiums to the later of policy year 20 or age 65
  • At the time the policy becomes paid up, upon the client's request, the death benefit will reduce to 50% of the original face amount, with no further premiums required

Policy fees

Varies, refer to policy contract

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

31 day grace period

Loans

N/A

Withdrawals

N/A

Cash value

No cash values

Reduced paid up

N/A

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

Sum insured only

Reinstatement period

N/A

Convertible

Conversion from Signet to other plans is not allowed, however if there is a term insurance rider on this policy, the rider can be converted provided the conversion expiry date has not passed