Frequently asked questions
Is there an age limit for the plan?
The minimum entry age for the plan is 18 years; there is no upper age limit.
How long do I have to keep paying the premiums?
You must pay the premiums for the entire term of the policy.
What happens if I miss a premium payment?
You must pay all of the premiums at the agreed date. It is important that you set an affordable premium.
What happens if I stop paying the premiums?
If you stop paying the premiums, you will receive the account value, equal to your contributions to-date plus investment interest, minus administration charges. You must wait until the minimum policy of five years has expired before collecting the account value.
That means that:
For five years policies you must wait until the full policy term has expired before receiving the account value.
For policies of more than five years you can opt to receive the account value at any time after five years, or you can wait to receive the account value at the end of the full policy term.