Income Builder is the plan that provides for your changing needs by providing initial life cover to ensure your family is secure - no matter what happens to you. For the first 7 years you have guaranteed pay out values in the event of your death. From the beginning of the eighth year your money is invested into a portfolio that is linked to an underlying asset performance.
From the beginning of the 8th year the premiums, together with all the accumulated cash values, are invested in an investment account that attracts interest up to the maturity of the policy. The policyholder is also allowed to withdraw up to 25% from the investment and protection account once per year from the beginning of the 8th year of the policy.
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Protection and savings
Provides life cover for you. An Investment Protection account is created from the beginning of the 8th year. This account is unit-linked meaning that your premiums are used to buy units in investment assets, giving you better investment returns. The total fund at maturity can also be invested into a pension.
Policy term starts at 15 years upwards. The total fund at maturity can also be invested into a pension.