... Benefit Illustration at the Point of Sale Actual Declaration Non-Guaranteed Non-Guaranteed Accumulated Dividends and Interest Terminal Dividend Accumulated Dividends...

... Fulfillment Ratio Why do we need a fulfillment ratio? Participating policies pay both guaranteed and non-guaranteed benefits to policy holders, who are entitled to receive non-guaranteed dividends or bonuses by sharing the insurer’s profits. At the...

... savings element. It provides policyholders with life protection, as well as non-guaranteed benefits by distributing dividends or bonuses, which allow policyholders to share the product profits. Non-guaranteed benefits (also known as dividends or bonuses) are not guaranteed to be paid by...

... : _____________________ Date : ________________ 3. Basic Plan – Illustration Summary [H] [I] SURRENDER VALUE DEATH BENEFIT End of Total [J-1] [J-4] [K-1] [K-4] Policy Year Premiums Paid Guaranteed Non-Guaranteed Total Guaranteed Non-Guaranteed Total [J-2] Accumulated Dividends and Interest [J-3] Terminal Dividend [K-2...

... Surrender Value Guaranteed Non-Guaranteed Total Accumulated Dividends and Interest Terminal Dividend 1 5,000...

... not achieved its projected non-guaranteed payout. Non-guaranteed dividend or bonus A non-guaranteed dividend or bonus is a payment distributed to policyholders generated from the investment returns of the insurer after deducting operating costs and profit. This is affected by the insurers’ past and...

... be allocated to such group of policies. (ee) Persistency factors – This includes policy lapse and partial surrender experience; and the corresponding impact on investments. (ii) Non-guaranteed rate (e.g. dividend/bonus) philosophy should include investment policies and objectives and investment...

... “cooling-off period”. Why is the non-guaranteed policy dividend I received upon the end of the policy term different from the illustrated amount at the point of sale? 5 Many life insurance products in the market are participating policies. They provide policyholders with non-guaranteed benefits by distributing...

... Non-Guaranteed Total Accumulated Dividends and Interest Terminal Dividend Accumulated Dividends and Interest Terminal Dividend 1 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 2 3 4 5 10 15 20 25 30 At age 65 (5-year interval) At Age 100 Explanation on above...

... Non-Guaranteed Total Accumulated Dividends and Interest Terminal Dividend Accumulated Dividends and Interest Terminal Dividend 1 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 9,999,999 2 3 4 5 10 15 20 25 30 At age 65 (5-year interval) At Age 100 Explanation on above...