Whole Life

Signet

Original line of business: Manulife

Updated on: Dec 14, 2018

Product snapshot

The Signet 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.

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 payable to age 100
  • Signet premiums are payable until the policy anniversary nearest the insured person's 100th birthday

Policy fees

Annually: $50.00 
Semi-annual: $30.00 
Quarterly: $15.00 
PAC: $6.00

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: N/A

Loans: N/A

Withdrawals: N/A

Non-forfeiture option

N/A

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 this policy, the rider can be converted provided the conversion expiry date has not passed