A guaranteed issue plan that is available to those who are aged between 30 and 60 without the need for a health declaration
Has a benefit term of 15 years with a guaranteed fixed premium#1 throughout the premium payment term of 10 years
While the policy is in force, interest#2 will be accrued from the next business day after the premium is received by the Company and credited to the Account Value on a monthly basis
If the Insured is still alive when the policy matures, then a Maturity Benefit will be paid. The benefit will be equal to the Account Value plus the Tontine Bonus
The Account Value on the date of maturity is guaranteed to be no less than the sum of all of the premiums that have been paid accrued at a compound interest rate of 2.5% per annum
The Tontine Bonus#3 May be Unexpectedly High: After the payment of surrender benefits or death benefits to certain Tontine Saver policyholders, the amount that is left over in the Account Value of these policies will be transferred to a Tontine Bonus pool. The Tontine Bonus will be allocated on policy surrender after the 10th policy anniversary or upon policy maturity subject to the following Vesting Factor:
Number of Policy
Years Completed
Less than
10 years
10
11
12
13
14
Vesting Factor
0%
60%
70%
80%
90%
100%
If the Insured dies while the policy is in force and before the maturity date, the beneficiary will receive a Death Benefit. The benefit will be equal to the Total Premium Paid multiplied by a Benefit Percentage, or the policy surrender benefit at the time of death (whichever is higher).
Number of Policy
Years Completed
Less than
1 year
1
2
3
4-14
Benefit Percentage
60%
70%
80%
90%
100%
If the Insured seeks to surrender the policy while it is in force, then a Surrender Benefit will be provided according to the rules and regulations of the Company. The benefit will be equal to the Cash Value (the Total Premium Paid multiplied by the Refund Percentage) plus a Vested Tontine Bonus#3.
Number of Policy
Years Completed
Less than
1 year
1
2
3
4
5
6
7-14
Refund Percentage
10%
20%
30%
40%
50%
60%
70%
80%
Particularly suitable for conservative customers with minimum guaranteed return upon maturity and relatively low risk
Guaranteed issue enables easy application and premium is guaranteed to be fixed
The Tontine Bonus#3 provides the Insured a chance to receive unexpectedly high return
#1
The premium amount is determined by the Insured alone, subject to a minimum of US$2,000 per year.
#2
The interest rate shall be determined by the Company from time to time.
#3
The Tontine Bonus is non-guaranteed, and will be allocated to those policies that are surrendered after the 10th policy anniversary or upon policy maturity. The Company reserves the right to change the rules and regulations on the Tontine Bonus payment and also the above terms and conditions at its sole discretion.
The above information is for reference only. Details are subject to terms and conditions of the policy contract.
