Whole Life

Whole Life

Original line of business: Commercial Union

Updated on: Dec 11, 2018

Product snapshot

A participating whole life plan, with guaranteed cash values.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: Yes

Bonus: N/A

Dividend options

  • Paid up additions
  • Premium reduction
  • Cash
  • Accumulation
  • Loan reduction

Bonus

N/A

Premium paying period

Refer to contract  

Policy fees

As indicated in 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

Available  

Withdrawals

Can withdrawal any dividend value, if any

Cash value

Guaranteed cash values

Reduced paid up

Available

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday

N/A

Death benefit

N/A

Reinstatement period

2 years

Convertible

N/A