Dyoll Life Plans

This is a term policy to age 21. There is a death benefit payable prior to age 21 which is the sum of the amount of the sum assured and the individual account balance. Before the attainment of age 21 and after the first policy anniversary, a cash bonus of 10% of the sum assured is paid each August 15th provided the policy has not lapsed and the policyholder is alive. On the attainment of age 21 the policy may be converted to an existing permanent insurance policy with a maximum of five times the original coverage without evidence of insurability. A partial surrender option is available which requires that each partial surrender be a minimum of $1,000.00, subject to a minimum balance of $1,000.00 after surrender.

 

This plan provides high life insurance coverage at low premium rates. The policy shall cease to be in force on the date of death of the Life Insured, or on the attainment of age 100, whichever is sooner. Premium payments cease at age 65.

 

The Dyoll Deferred Annuity is divided into a basic benefit and an investment benefit. Premiums for this plan can be paid as a single premium or modally. A portion of the premium payable is used to provide the basic benefit with the remainder credited to the investment account. Annuity benefit payments commence at age 65. The basic benefit is an annuity for which the payments increase on an annual basis by 15% over the previous year’s payments. Payments are guaranteed for five years and continue until the death of the Annuitant.

 

The payments made to the investment account are accumulated with interest. Partial surrenders may be made from the investment account. Monies on this account can be used to purchase additional annuity benefits at age 65. The death benefit in the deferral period is the return of total premiums paid with interest.

 

The Dyoll Fortune plan serves mainly as an investment vehicle. The minimum and maximum coverage allowed is $10,000 and $50,000, respectively, and the coverage level depends on the issue age of the insured. The coverage premium is payable as a single payment or as regular premium payments limited to ten years. The cash value is an interest-sensitive fund to which lump sum or regular payments are allowed. The death benefit is the sum of the insurance coverage and the cash value.

 

These terms are for a specific number of years eg. 10, 20, 55, 60 , 65 years. The plan carries cash values and dividends, which are guaranteed. 

 

This plan insured the policy owner for life and gives financial protection for the policy owner and his/her family. Premiums are fixed and after 25 years payments stop, but full insurance coverage continues. The policy owner is insured for the full amount on accidental death from the first day.

 

Terminal illness is given special consideration. If there is a remaining life expectancy of six months or less, and the policy has been in force for three years or longer, up to 80% of the sum insured will be considered for advancement for medical expenses. Upon death, the sum insured less the advance will be paid.

 

The Dyoll Universal Life plan provides flexibility both in terms of coverage and investment. The plan allows for annual coverage increases without evidence of insurability (subject to certain limits).

 

The investment component is an interest-sensitive fund to which regular or lump sum deposits can be made. The death benefit is the sum of the insurance coverage and the fund value.

 

This is a typical renewable term policy where the option is to renew the policy for five years each time until the insured is age 55 or older. The plan expires at age 60. Conversion to another assurance type is allowed up to age 59. 

 

This policy provides the policy owner with a steady guaranteed build up in cash values and the option of continuing insurance protection beyond age 65, while paying the same level premiums over the entire period of the policy.

 

Cash values and dividends are accrued over the entire period of the policy.