Thursday, October 7, 2010

How to read a Benefit Illustration (Par Policy)

If you are offered a participating policy, you will get a benefit illustration that shows the projected yield based on 3.75% and 5.25% p.a. This article explain show you can calculate the percentage of the value of accumulated premium that is deducted from your policy.

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This format is different from the format of the benefit illustration used for an investment linked policy.