Whole Life
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.
Basic product information
Product administration guide: N/A
Sample contract: N/A
Dividend options: Yes
Bonus: N/A
Dividend options
Verify to contract
Bonus
N/A
Premium paying period
The premium paid during the first 5 years is half that payable from year 6 onwards
Policy fees
Varies, refer to policy contract
Deposit load
N/A
Values, loans & withdrawals
Non forfeiture option: Yes
Loans: Yes
Withdrawals: Yes
Non-forfeiture option
Automatic premium loan (APL)
Loans
Loans are available
Withdrawals
Dividend withdrawals are available
Cash value
This policy has guaranteed cash values
Reduced paid up
N/A
Riders & benefits
Premium offset/holiday: N/A
Premium offset/holiday
N/A
Death benefit
Sum insured plus dividends if applicable, minus any loans
Reinstatement period
2 years
Convertible
No, this is already in a whole life product