Endowment Plan

Which of these is the most important for you?

Children’s Education

Retirement


Family Security



In today’s uncertain world, would it give you peace-of-mind, that whatever happens to you, your family is financially secured?

Building your family’s financial foundation



15 Year Endowment Plan is a long-term savings with built-in life cover. It is a type of life insurance for 18 to 60 years old that is payable to the insured if she/ he is still living on the policy’s maturity date or to the beneficiary otherwise.


Living Benefit

Benefit equivalent to the desired maturity premium chosen by the insured, given at the date of maturity. Maturity Terms: 5 Years to Pay 10 Years to Wait. 7 Years to Pay 8 Years to Wait.


Death Benefit

Benefit equivalent to the discounted value of the maturity benefit at the policy year of death with coverage up to maturity or age 74, whichever comes first. Beneficiaries have the option to leave the proceeds to earn 3% interest which will accumulate to the maturity value at the initially stated maturity date.


Accidental Death Benefit

Benefit equivalent to the Total Premiums Payable with coverage up to maturity or up to age 70, whichever comes first. No dismemberment benefits.


Waiver of Premium Benefit

Waiver of outstanding premium upon total and permanent disability up to age 60.


Endowment Plan also offers Non-forfeiture option such as:

  • Cash Surrender Value

Cash surrender value applies to the savings element of the policy that is payable before death. However, during the early years of the policy, the savings portion brings very little return compared to the premiums paid.

  • Extended Term Insurance

Cash value is used to buy term insurance for the same amount of coverage provided by the original policy. The period of coverage depends on the cash value available.

  • Reduced Paid Up Insurance

Cash value is used to buy fully paid-up insurance. The face amount of the paid-up coverage depends on the cash value available (definitely less than the original policy).

  • Loan Options
  1. Policy Loan – 80% of the Cash Value (cash take out)
  2. Premium Loan – 100% of the Cash Value (applied payment)

* Subject to 10% interest per annum