Whole Life
Signet
Original line of business: Manulife
Updated on: Dec 14, 2018
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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.
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
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
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