If the buyer of the policy cannot or does not wish to pay large sum as a premium initially, this policy will be best suited for them.
Also, this policy gives you an option to decide at a later date whether you wish to convert it into an endowment policy or a single premium whole life policy.
- Payment of sum assured on death of policy holder during the policy term.
- Can be taken by those who cannot pay huge amounts of premiums
- Gives you time to decide which type of policy you wish to convert this into.