Premier 2
Georgia exemplifies the saying our hero, the late Marcus Mosiah Garvey :
"The height of great men reached and kept was not attained by sudden flight, but they while their companion slept was toiling upward through the night.”
Guardian Child Star
An interest sensitive plan which pays the sum of the basic sum assured and cash value on death.
At age 21, the basic sum assured increases to five times the prevailing basic sum assured without an increase in the prevailing basic premium
Purpose:
To provide cash accumulation for your child’s education.
Maximum coverage:
$150,000
Minimum coverage:
$10,000 Issue ages:
The policy may be issued to children, ages 1 to 15 years on their next birthday.
Cash value:
The cash value shall be determined at least once per month according to the following procedure:
- Cash value at the time it was last determined, plus
- Basic investment amount(s), plus
- Additional investment amount, plus
- Interest, less
- Expense charge, less
- Withdrawal amount
Since the time the cash value was last determined.
Death benefit:
The benefit payable consists of the sum of:
- The basic sum assured, and
- The cash value at the time of death
If death is by suicide within two years of the date of issue or reinstatement date of the Policy, the death benefit will be limited to the surrender benefit.
Surrender benefit:
The amount payable is the cash value less a surrender charge.
Payment of premiums:
Non-payment of premiums
A period of thirty days commencing on the premium due date is allowed for payment of any Premium.
If the total basic premium is not paid within the period, the policy will be deemed to have been made paid-up under the continuation of the basic sum assured option.
Paid-up - Cancellation of the basic sum assured
The policyholder may make the policy paid-up on the basis that no further premiums will be paid and the death benefit thereafter will be equal to the surrender benefit of the policy.
Paid-up - Continuation of the basic sum assured
As an alternative to the above, the policyholder may make the policy paid-up on the basis that:
- no further premiums will be paid
- the basic sum assured will continue to be in force
- expense charge equal to one-twelfth of the mortality charge will be deducted from the cash value at the beginning of every month, and
- any additional premium payable on the grounds that an exceptional risk of death was involved, will be deducted from the cash value when due.
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Agent of the Month
- March 2012
Georgia Williams