PRODUCTS
What We Offer
Premium Life offers tailor wealth structuring and state planning solutions through Private Placement Life Insurance (PPLI) contracts that combine a segregated investment account with life cover protection. Such products are ideal for high net worth individuals to make flexible investments and sound asset allocation decisions. Please see more details below:
Premium International Plan (PIP)
The PIP product is a Unit-linked Life Insurance contract with full cash value, combining an investment account with life cover protection. It is set-up as a single or multiple premium contributions policy linked to an investment portfolio held in a segregated account.
As a life insurance policy, in the event of the death of the life assured, it will provide a death benefit, the value of which will depend on the life cover option selected by the policyholder. The PIP policy may be partially or fully surrendered by the policyholder.
The policyholder sets and controls key investment and insurance parameters of the policy. This includes stating the discretionary investment strategy they want to pursue, indicating their choice of investment manager and custodian, appointing the beneficiaries, and specifying the choice of life cover. The policyholder is able to change most of these parameters during the lifetime of the policy.
Variable International Plan (VIP)
The VIP product is a Variable Cover Whole of Life Insurance contract with no cash value, combining an investment product with life cover protection. It is set-up as a single or multiple premium contributions policy linked to an investment portfolio held in a segregated account.
VIP is an insurance contract with benefits only payable on the event of death of the life/lives assured, where the death benefit payable to the designated beneficiaries is variable. The VIP policy may not be partially or fully surrendered after the commencement date. The VIP policy has no cash surrender value.
The policyholder sets and controls key investment and insurance parameters of the policy. This includes stating the discretionary investment strategy they want to pursue, indicating their choice of investment manager and custodian, appointing the beneficiaries, and specifying the choice of life cover. The policyholder is able to change most of these parameters during the lifetime of the policy.
Frozen International Plan (FIP)
The FIP product is a Frozen Cash Value Life Insurance contract that bring together cash value and no cash value compartments, combining an investment product with life cover protection. It is set-up as a single or multiple premium contributions policy linked to an investment portfolio held in a segregated account.
In the FIP insurance contract the policyholder may partially or fully surrender the assets contributed to the PPLI. The assets that are kept in the life insurance policy together with the gain constitute the benefits payable on the event of death of the life/lives assured, where the death benefit payable to the designated beneficiaries is variable.
The policyholder sets and controls key investment and insurance parameters of the policy. This includes stating the discretionary investment strategy they want to pursue, indicating their choice of investment manager and custodian, appointing the beneficiaries, and specifying the choice of life cover. The policyholder is able to change most of these parameters during the lifetime of the policy.