Waiver of premium upon Total and Permanent Disability (TPD)
1. Change life insured option by appointing your loved as the policy new life insured to continue wealth accumulation.
2. Flexibility to fully or partially withdraw the cash value of accumulated Bonus.
3. Waiver of premium upon Total and Permanent Disability (TPD)
Jane Doe, age 25, has just join the workforce and is looking to start a savings plan that offers her the flexibility to have access to cash value in the future. She decides to save $5000/year for 10 years.
At age 35, she welcomes her newborn son, John, and appoints John as the new life insured. She remains as the policy owner.