Whole Life Half Rate

Original line of business: Manulife

Updated on: Dec 11, 2018

Product snapshot

The Half Rate policy is a whole life plan where the premium paid during the first 5 years is half of that payable from year 6 onwards.

Product administration guide: N/A

Sample contract: N/A

Dividend options: Yes

Bonus: N/A

Verify to contract

N/A

The premium paid during the first 5 years is half that payable from year 6 onwards

Varies, refer to policy contract

N/A

Non forfeiture option: Yes

Loans: Yes

Withdrawals: Yes

Automatic premium loan (APL)

Loans are available

Dividend withdrawals are available

This policy has guaranteed cash values

N/A

Premium offset/holiday: N/A

N/A

Sum insured plus dividends if applicable, minus any loans

2 years

No, this is already in a whole life product