Sentences with phrase «guaranteed annual payouts as»
The child will receive the Guaranteed Annual Payouts as usual even if the policyholder is not around
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Guarantees such as 5 % annual payouts for life and guaranteed income until death are what make seg funds particularly attractive to older Canadians.
It is paid out as guaranteed annual payouts either in the last 3 or last 5 years of the policy, depending on the policy term you choose.
The Guaranteed Annual Payouts will accrue as and when they fall due and on maturity, the vested reversionary bonuses including any Terminal Bonus is paid to the nominee
3 types of Guaranteed payouts options a) Monthly Income (as opted) b) Annual Income - 5 times of monthly income at the end of each policy year of payout period, c) 40 times / 70 times of monthly income as Guaranteed Maturity Benefit.
Maturity sum assured is paid as guaranteed annual payouts to meet key milestones of your child.
Guaranteed annual payouts are paid every year from the 6 to 10 policy year and are expressed as a percent of annual premium (exclusive of service tax, education cess and mortality loading) depending on the age at entry.
The frequency of the guaranteed payout will be Annual / Semi - Annual / Quarterly as chosen by the insured.