Guardian Investor
An equity linked fifteen year endowment policy under which the maturity proceeds are determined by the performance of the Blue Chip Fund. (Blue Chip Fund is a balanced fund with investment in Equities, Money Market and Government Bond)
Purpose:
To provide cash accumulation for education, retirement, business start-up and opportunity fund.
Issue ages:
The policy may be issued to males and females between the ages of 0 and 65 years.
Rider coverage:
Disability/Parental Waiver of Premium.
Death benefit:
The death benefit payable will be the greater of: The sum of basic premiums remaining to be paid had the life insured survived to the maturity date; and the value of the units allocated to the policy as determined by the bid price prevailing on the date of notification of death. If death is by suicide within two years of the date of issue or reinstatement date of the policy the death benefit will be limited to the surrender benefit.
Surrender benefit:
The amount payable is the value of the units allocated to the policy, based on the bid price prevailing on the date of surrender, less a surrender charge.
Maturity benefit:
The amount payable is the value of the units attributed to the policy as determined by the bid price prevailing on the maturity date.
Non-payment of premiums:
If a premium is not paid within the grace period of 30 days the policy will be deemed to have been made paid-up or will be surrendered for cash if the value of the Units is insufficient to permit a paid-up policy.