Quality Investment Plan
This is the first universal life product introduced by the Company to the Ghanaian market in the early 2003. The product offers life (i.e. death benefit) as well as an investment fund. (i.e. the account value) inherent in the product design are flexibilities in premium, death benefits, interest credits, mortality and expense charges
Guaranteed interest rate of 5%
Benefits
This product enables the insured to accumulate substantial funds towards retirement through consistent, regular periodic contributions.
The periodic premiums, together with interest, develop into an Account Value representing the insured’s equity in the policy; the insured obtains the Cash Value equal to the Account Value less the applicable surrender penalty upon surrendering the policy.
Flexibility
The policy holder is given access to the funds in the policy through loans, withdrawals or surrenders after the first policy year.
- The policy allows for partial withdrawal up to 50% of the policyholder’s cash value. Withdrawals below 25% of the policyholder’s cash value attract no charges.
- After the tenth policy year attract no surrender charges.
- Policy loans are available after the first policy year up 80% of the policyholder’s cash value.