This is the best form of life assurance
for family provision since it enables
the Life Assured to pay all the premiums
during the ordinarily vigorous and most
productive years of life. He need not
pay any premium in the later stages of
life if and when his conditions might
With Profits Limited Payments Policies
do not cease to participate in profits
after completion of the premium paying
period but continue to share in the periodical
Bonus Distribution until the death of
the Life Assured.The Without-Profit option
is available under Table no. 3.
If the policyholder pays at least 3 years'
premiums and then discontinues paying
any more premium, a reduced paid-up assurance
policy comes into force.
Such a reduced paid-up Policy will not
be entitled to participate in the profits
declared thereafter, but such Bonus as
has already been declared on the Policy
will remain attached thereto. The premium
paying term under this plan is five years
minimum and 55 years maximum.