Whole Life

Signet B

Original line of business: Manulife

Updated on: Dec 14, 2018

Product snapshot

The Signet B 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. Policy becomes paid up for 100% 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 until the later of policy year 20 or age 65
  • At the time that the policy becomes paid up, the face amount will remain at 100% of the face amount, and no further premiums would be 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

2 years

Convertible

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