The bond is a whole of life insurance policy and a way of investing a cash lump sum over the medium ...
The bond is a whole of life insurance policy and a way of investing a cash lump sum over the medium to long term. It is generally made of of 20 identical component policies to provide flexibility. Minimum acceptable age of life assured at commencement There is no minimum age for lives assured and applicants. There can be either one or two applicants who will be the plan/policy owner(s) - although not necessarily the lives assured. Maximum acceptable age of life assured at commencement On a single life policy the maximum age must not exceed 85 next birthday. Maximum acceptable age on jo...
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