
Whole life insurance, gives life cover to the insured for the rest of his life.
This means that the company shall payoff the lump sum to the beneficiaries when the insured passes away, whenever this happens.
Whole life insurance combines whole life with guaranteed interest on your savings.
Advantages:
- Whole life cover
- Surrender cash value
- Loan
- Combines with all additional coverage
- Option to reinforce his policy
- Tax deductible of premium
- Guaranteed technical interest throughout the policy
- Premium payment option annually, semi-annually, quarterly, monthly
- Annual certification of premium statement so as to submit tax return
- Tax deduction of all benefits paid to insured.
- Waiver of premium
Releases the insured of paying the premium of his insurance in case of total disability from an illness or an accident which disability has continued uninterrupted for a period of at least six months.
*Subject otherwise to the terms of the policy.