Whole Life

Whole Life

Original line of business: Monarch Life

Updated on: Dec 11, 2018

Product snapshot

A Whole Life product originally issued by Monarch Life. These policies generally have smaller face amounts, guaranteed cash values and reduced paid up options. The policies can be participating or non-participating.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: Yes

Bonus: N/A

Dividend options

  • Accumulation
  • Premium reduction
  • Cash
  • Paid up additions

Bonus

N/A

Premium paying period

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) 

Loans

Available 

Withdrawals

N/A

Cash value

Guaranteed

Reduced paid up

Available

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

Basic coverage

Reinstatement period

3 years

Convertible

N/A