This plan of assurance is designed to meet
the needs of those who are initially unable
to pay the larger premium required for a
Whole Life or Endowment Assurance Policy,
but hope to be able to pay for such a policy
in the near future.
This plan would be found useful also in
cases where it is desired to leave the final
decision as to the plan to a later date
when, perhaps a better choice could be made.
Policy holders get an option of converting
an policy into endowment assurance or limited
payment whole life assurance.
For all people with earned income
under Category I and unearned incomes under
Category II, basically Standard and sub-Standard
lives attracting EMR classes I and II.