Estate enhancer 20 Pay

Participating life insurance is a permanent coverage that can generates dividends, and cash sums that enhance the basic life insurance amount. The Estate enhancer product option available under participating life insurance maximizes the long term death benefit. It is the ideal solution for clients looking at estate protection, as well as for optimizing the cash surrender value within a 20 year term.

Your clients have the freedom to choose how they use their dividends earnings. They can increase their coverage, reduce their annual premium or benefit from cash payments.


 

Additional Deposit Option (ADO) : A flexible, tax-efficient solution that works for you and your clients

Available with paid-up additions (PUAs) and enhanced insurance dividend options

Features

Primary characteristics

  • Maximized dividends based on continued growth
  • 5 dividend options
  • Paid-up premiums as early as the 20th year
  • Paid-up complementary coverage in 20 years (except for the life insurance – children)
  • Guaranteed cash surrender value on the basic insurance - available, but not guaranteed on insurance bought with Paid-up Additions (PUAs).
  • Guaranteed reduced paid-up insurance on the basic insurance
  • Eligible for conversion without providing evidence of insurability for the following dividend options: Annual Premium Reduction, Cash Payment and Dividends on Deposit

Cash surrender values

Upon termination of the coverage, your client can be refunded either a portion of the paid premiums or more.