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Receive
a lump sum on a pre-determined
date. |
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Receive
an agreed amount in case
of death |
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With-Profits policy |
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Use
as a savings plan or for
retirement planning |
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This policy provides for the payment of
a lump sum - the maturity value - on a
predetermined date. This lump can be used
to invest in an annuity
at retirement for example. This type of
policy will also pay should death occur
before the end of the period of insurance.
The
main use of this policy is that of savings
plan as well as a means of retirement
planning.
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