Professional Documents
Culture Documents
Just Being Naive - Ebook
Just Being Naive - Ebook
Policy Year % of Total Annualised Premiums plus underwriting extra premiums paid, if any, paid
2 75% 30%
3 75% 35%
4 90% 50%
5 90% 52%
6 90% 54%
7 90% 56%
8+ 90% Graduating linearly from 56% to 90% during the last two
policy years
Minimum (56% + [(34% x (N-7)) /(Policy Term - 8)], 90%)
N : Year of Surrender
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