Lifespan
Policy
Lifespan Policy - a new exciting concept in
Endowment Assurance with GUARANTEED values at maturity. You choose now when you want your
policy to mature. And we aim to make your money grow.
Lifespan has not only been designed to provide
a safe rewarding home for your long term savings - it also provides security for your
family - the security of knowing that if you do not survive to complete your plan, your
family will receive a substantial lump sum benefit
BENEFITS
Suspend and Extend
Under certain circumstances you may suspend payment of premiums for upto 12 months -
the maturity date will then be extended by the same period.
Non - forfeiture Condition
After your policy has been in force for at least three years
and provided three years premium has been paid the policy shall not be forfeited for
non-payment of premium.
Tax Free Proceeds
Proceeds from the Policy are entirely free from Tax.
Loan Facility
This policy builds a cash surrender value in the third year, and the
policy may be assigned as a security.
Alternatively, when the policy acquires a surrender value of Kshs.
4,000/- it qualifies for a Cannon loan, subject to company policy
and prevailing rates.
ADDITIONAL / OPTIONAL
BENEFITS
Level Term Rider
This can be added at a very nominal additional premium. This increases the Life Cover and
is an important estate planning tool.
Accidental Death Benefit
This can be included as an optional feature and doubles the sum assured in the event of
accidental death.
Waiver of Premium
Provides for the facility of the Company paying your premiums in the event of an illness
or injury which renders you incapable of pursuing a gainful occupation.
Personal Accident
An illness or injury may stop you from working. Could you and your family live while you
are recovering from illness or waiting for a broken limb to mend.
To protect your income and your standard of living Cannon Assurance offer you the choice
to choose how much you think you will need to cover your family's commitments.
Funeral Expenses Benefit
This can be added at a very nominal additional
premium, subject to a maximum expenses of KShs. 100,000/= This is
of great value to families at the time of bereavement to defray all
immediate expenses related to the funeral ceremonies.
The policy may be
taken jointly by husband and wife
For further information
contact
info@cannonassurance.com
