- For minimum of 6 years
- The plan can be surrender for its cash value after 2 years
- Surrender attracts charges .
- Pays out in three (3) installment at the end of each 1/3 of the plan year i.e for 6 years plan pays out Every 2 years and for 9 years plan every 3 years e.t.c
- The first payment is 25%, second is 25% while the last is 50%
- Sum target is used to calculate the percentage of Payment while the interest will be added when the Plan matures
- The premium remains the same