Leaving behind a legacy of wealth for the next generation:
A higher Death Benefit than commonly available on-shore.
Total Permanent Disablement Benefit - A guaranteed amount equal to an agreed percentage of the Death Benefit is payable in three (3) equal annual instalments to the Life Assured when the disability is confirmed by our appointed physician. This is an accelerated benefit; hence payment of the Total Permanent Disablement benefit will reduce the Death Benefit. Any remaining Death Benefit will be payable upon death of the Life Assured.
Critical Illness Benefit - A guaranteed amount equal to an agreed percentage of the Life Sum Assured is payable in a lump sum payment. This is an additional benefit on top of your Death Benefit; hence Critical Illness payment will not reduce the ultimate Death Benefit. This additional benefit is claimable concurrently with any other existing benefits.
A foreseeable Survival Benefit with Magnus Life's fixed crediting rateProduct Disclosure Sheet