Why buy a policy?
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You can purchase a policy where the purchase price and future premiums have already been overtaken by the locked in value of the Sum Assured and existing bonuses. Thus guaranteeing your capital
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Higher competitive returns – life offices returns on premiums in the past have been as high as 12%
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Guaranteed maturity date so you choose your own investment term i.e. 2008 to 2018
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Planning for future events
– School Fees
– Weddings
– Retirement
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Considerations when buying:
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Maturity date - the number of months/years that premiums have to be paid before the policy matures
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Minimum guaranteed sum receivable on maturity
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Surrender value
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Purchase price
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Attaching reversionary bonus and potential terminal bonus
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Total cost involved including the premiums
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