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Solutions on offer which can be structured to individual taste include
Savings Plans. Whole Life and Term assurance contracts.
Combinations of savings and risk benefit plans.
Versatile Annuity Funds.
(i) Savings Plans
These include:
(i)Prime Plan
(ii) Retirement Annuity Plans
These plans allow members to contribute amounts that are invested by the company on behalf of the members, to provide a specified capital sum on the member?s attainment of a selected retirement age. This sum is used to purchase an annuity for the member.
(ii) Whole Life and Term assurance contracts.
Whole life contracts are available with term assurance on offer subject to medical underwriting terms and conditions. These pure risk benefits are offerd either on their own or as riders to other plans.
(iii) Combinations of savings and risk benefit schemes.
? Prime Plan
? Multiflex Plan
This is a market-linked endowment policy, which provides for the payment of EITHER a sum assured plus the Cash Value of allocated units at the date of death of the Life Assured OR a capital sum being the Cash Value of units allocated as the maturity date. The basic policy is made up of two generic life assurance products as follows: -
(a) The market-linked Pure Endowment which provides the capital sum that is payable at the maturity date.
(b) Compulsory Yearly Renewable Term Assurance, which provides the sum, assured payable in the event of the death of the life assured before the maturity date. This benefit offers a maximum sum assured, which qualifies for generous underwriting requirements as determined by the Company from time to time. However, if you require cover in excess of the maximum sum assured availed on such terms and conditions, you will be required to satisfy the standard medical underwriting requirements applicable to all other life assurance products of similar class.
(iv) Versatile Annuity Funds.
? Managed Growth Annuity Fund
? Plus Profit Annuity Fund
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