Friday, 6 November 2015

#Secure Your Financial Future (4) : Union Assurance Investment Based Policy


Union Assurance offers the following attractive investment based products to it's customers.

1. Union Children Educational Endowment Plan
2. Union Anticipated Endowment Plan
3. Union Assured Savings Plan
4. Union High Yield Plan

5. Union Diaspora Plan

Union Children Educational Endowment Plan
This is an investment linked life protection plan that secures that secures the educational future of your children.
Key Features
1. The assured pays regular premium over a period of time
2. Minimum policy duration is 5 years
3. Death benefit is payable if the life assured dies within the terms of the policy.
4. At maturity, the sum assured plus other bonuses is paid to the policy holder.

 Benefits of the Educational Endowment Plan
1. If sponsor lives
- Maturity benefits (Lump Sum)
- Bonuses (2.5% of sum assured x Duration)
2. If Sponsor dies
- Family income benefit (1% of Sum Assured)
- Waiver of premium
- Maturity Benefit (Lump Sum)
3. If permanent disablement
- Family income benefits (1% of SA)
- Waiver of premium
- Maturity Benefit (Lump Sum)

Michael Onjewu is a Risk Advisor with Union Assurance PLC. 07032879723

No comments:

Post a Comment