Endowment

Concept 100

Original line of business: Zurich

Updated on: Dec 13, 2018

Product snapshot

Concept 100 provides insurance protection for the lifetime of the life insured with the sum insured payable at death or age 100, whichever is earlier.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: N/A

Bonus: N/A

Dividend options

N/A

Bonus

N/A

Premium paying period

Premiums are guaranteed for the first 10 years and then for 5 year periods thereafter. At the end of the first 10 years, and each 5 year period thereafter, the assumptions (including interest, mortality and expenses) used in the development of premiums under this plan are reviewed. If there is a change, then the premium for the next 5 year period is recalculated, premiums may be higher or lower than those charged in the previous period

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) if cash value is available

Loans

Loans are available once cash values have started

Withdrawals

N/A

Cash value

Guaranteed cash and paid up values beginning the later of the year after the 20th Anniversary or age 65

Reduced paid up

Reduced paid up values are guaranteed and begin at the later of the year after the 20th anniversary or age 65

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

N/A

Reinstatement period

N/A

Convertible

N/A