Ease the financial pressure after you are gone with funeral cover for yourself and your loved ones.
The Memorial Benefit Planis designed to assist with the burden associated with the loss of a loved one. It guarantees that while you grievefor the loss of a loved one, you are relieved of some of the burden. Our Memorial Benefit Plan gives you reassurance in a time that can be devastating and stressful. We understand that the loss of a loved one can be a difficult and lonely period, ARM Life promises to be your companion.
Benefits:
- Booster/loyalty benefits: Benefits increase by 10% for timely payment of premium for 2 consecutive years subject to maximum of 50% increase over the policy term.
- Waiver of Premium: This is available on the death of policyholder (180-Plan) or upon attainment of 70 years of age (360-Plan)
- Payment for Hearse (Applicable only for sponsor)
- Payment for Repatriation of Corpse (Applicable only for sponsor)
- Payment for Remembrance (could be Tombstone, Anniversary Advert, or Memorial Service and Reception etc.) Applicable only for sponsor
- Flexibility to increase your benefits
- The premium is tax deductible
- The benefit is tax free
Increase your Benefits:
You may choose to increase your contribution and protected amount each year. if you increase your contribution by:
- 5% your protected amount increases by 3.75%
- 10% your protected amount increases by 7.5%
- 5% your protected amount increases by 11.25%