Insured (APL) as a provision that allow

obtain a guaranteed premium, interest rate and death
benefits from whole life policy. It covers the
unwanted incidence occurs in insured’s families life as well. It could aids in discipline
on financial saving of insured. When any issue with insured’s health happen it
might no need to worry because it is covered by whole life plans.

Automatic Premium Loan (APL) as a provision that allow insured to deduct
outstanding premium payment from cash value when insured did not pay after grace
period. This APL safeguard policy from collapse. In this mechanism, if insured
have to pay interest to the insurer when wish to pay back the premium as cash

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Paid-up Policy
provides flexibility to insured. If
an insured could not afford the premium or does not willing to continue the
premium payment, then can demand from insurer to lower the sum of assured to a
level that insurer estimated the ability of policy cash value to pay the
monthly premium for new lowered sum assured until the end of the life of the

By the time of
surrender signed policy, the policy itself will create cash value and then
insured can obtain back a value of money. The amount of getting back money is varying
from the paid premium and how the whole life policy fund does during the
surrender time. But the earlier the policy surrender, the ability to equalise
insured premium will be low or none. There’s also an option for insured to draw
out the cash value before insured’s death. Tax deferred produced from cash
value and allow insured withdraw it or make a loan from the policy.

Death benefit pay-out
is higher than amount that insured initially bought. Though the protection
value might be high at the end of the time of bonus announced when the policy
fund’s achievement of the insurance company is good because of policy bonus
announced legitimise. In fact, increase of protection value will relieve the effects
of inflation.