Whole Life Assurance with limited payments
In this type of assurance, the policyholder agrees to pay premiums into the policy for a specific term. Upon making completing the term, premium payments cease and the policy benefits become determined
Upon death of the policyholder, the sum assured with accrued benefits, if any will be paid into their estate
All premiums, shall be payable at the head office of the Insurer. The assured may pay the insurance premium based on sum assured either monthly, quarterly, semi-annualy or annually.