Product Type

Product Name

Original line of business: Royal Sun Alliance

Updated on: Nov 30, 2018

Product snapshot

The Whole Life is a participating plan with guaranteed cash values and reduced paid up values.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: Yes

Bonus: N/A

Dividend options

  • Paid-up additions
  • Cash
  • Premium reduction

Bonus

N/A

Premium paying period

Guaranteed level premiums payable until death

Policy fees

$60 annually

Deposit load

N/A

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: Yes

Withdrawals: Yes

Non-forfeiture option

Yes, automatic premium loan

Loans

Yes

Withdrawals

Yes, dividends may be withdrawn

Cash value

This policy has guaranteed cash values

Reduced paid up

Reduced paid-up is available

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

Basic coverage plus any dividends

Reinstatement period

Policy can be reinstated within 3 years after the date of lapse

Convertible

N/A