RATE BOOKstate life

whole life assurance   table 01   

whole life assurance table 01

whole life assurance is a unique combination of protection and saving which can be purchased at very economical premium payable annually or in half-yearly, quarterly installments .death at any time before age 85 years terminate payment of premium and the sum assured plus bonuses, if any, become payable  .     

What happens to whole life insurance at age 85?

in the event, the insured survives to the policy anniversary nearest age 85 years the policy matures and the Sum Assured plus bonuses become payable.

Should I surrender my whole life insurance policy?

after two years, a premium has been paid the policy acquires surrender and other Non-Forfeiture values which keep on increasing with the payment of each subsequent installment of premium.

under this plan the rate of bonuses are usually much higher then the other plans and they help in increasing not only protection but also the investment element of the policy substantially

Whole life insurance is a cash value type of life insurance policy that provides protection during your entire lifetime and offers two key benefits:

Benefits of Whole Life Insurance

You may be able to use the savings portion of the policy to eventually pay your policy if you start early.

  • Your premium will remain constant during the time you are covered unless you choose otherwise.
  • Unless you make a change to your whole life insurance policy, you have lifelong coverage with no future medical exams.
  • Whole life provides tax-saving opportunities while you are alive and also tax savings to your estate.
  • whole life assurance

 
  • A death benefit to be paid to the beneficiary in the event of your death
  • Cash value accumulated over the term of the insurance that can be used as savings or to be borrowed against if you need the money while you are alive
  • Whole Life Insurance Policy as an Investment

    Depending on market performance and your personal situation, you may consider purchasing a longer span term life insurance with a fixed annual rate and working with an investment advisor to figure out the best strategy for how you invest your money.

age nearest birthdaypremiumage nearest birthdaypremium
1011.273928.17
1111.564029.26
1211.874130.41
1312.194231.63
1412.524332.92
15 12.864434.28
1613.224535.72
1713.604637.25
1813.994738.87
1914.404840.58
2014.834942.39
2115.295044.31
2215.785146.34
2316.295248.49
2416.825350.75
2517.375453.14
2617.945555.65
2718.545658.28
2819.175761.07
2919.825864.00
3020.515967.10
3121.226070.35
3221.936173.84
3322.696277.52
3423.496381.45
3524.336485.65
3625.226590.15
3726.15
3827.13

Tags

zahid lar

hard working is key to success

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Close
Back to top button