Whole Life

Whole Life

Original line of business: Royal Sun Alliance

Updated on: Nov 30, 2018

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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

Dividend options

  • Paid-up Additions
  • Cash
  • Premium Reduction

Premium paying period

Guaranteed level premiums payable until death.

Policy fees

$60 annually.

Deposit load

N/A.

Value, loans & withdrawals

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Withdrawals: Yes, dividends may be withdrawn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