Universal Life – Pre-eminent Option 2013
This product allows insureds to convert it into Universal Life – Universal Option 2013 to increase the face value of their policy contracts without the need for medical examination. It is suitable for those who want to optimize their insurance protection but at premium rates which suit their families’ financial circumstances. This is also one of the first products by ACE Life Vietnam with extension of benefit installments to 10 years after the first claim payout.
In addition, customers can enhance their protection by attaching riders to their Universal Life - Pre-eminent Option 2013 plans. These include accidental death, accidental death and dismemberment, hospital stay protection, term rider to age 55/60/65, and/or critical illness and death.
Please see full details of the BBQ and Policy Wordings as below:
Universal Life – Pre-eminent Option
When specified by the policyholder on the advice of ACE Life account representatives, this product allows for greater flexibility in premium payment: as the contract value increases so do the premiums.
The product comes with a very high protection value. Once the Insured has fulfilled all his/her responsibilities, he/she can switch to the Universal Option to enjoy more profitable investments.
Please see Policy Wordings and BBQs for full details.