Universal Life Insurance – Premier Choice Universal Life

• In the first 3 policy years: Policyholders must pay premium in full and enough on premium date
• From policy year 4: Flexibly pay premium but guarantee that Policy Account Value is positive and enough for charges and deductibles

Option A:

The greater amount between Face Amount of the Main Benefit and the Target Premium Account Value; and the Excess Premium Account Value (if any)

Option B:

• If the Life Assured dies before reaching age of 70, Chubb Life shall pay the Sum Assured equal to the sum of the Face Amount of the Basic Benefit and the Policy Account Value.
• If the Life Assured dies on or following date of reaching age of 70, Chubb Life shall pay the Sum Assured is total amount of: (i) the greater amount between Face Amount of the Basic Benefit and the Target Premium Account Value; and the Excess Premium Account Value (if any).

• Total and Permanent Disability benefit
•  Accidental Death and Dismemberment benefit
• Staged Critical Illness benefit
• Hospital Cash Benefit
• Medical Reimbursement Rider (Chubb Care) with inpatient, outpatient and dental benefit (optional dependent chosen package)

• 25% of accumulated interest of the Target Premium Account in the previous four (04) Policy Year shall be credited into the Target Premium Account
• 25%) of accumulated interest of the Excess Premium Account in the previous four (04) Policy Year shall be credited to the Excess Premium Account.

Policy Owner is entitled to obtain investment benefit based on investment results of the Universal Life Fund. This benefit shall be credited in the Policy Account Value in the form of a monthly interest in accordance with the Announced Interest Rates and these rates are not lower than Guaranteed Crediting Rate:

• The first year: Guaranteed crediting 3.5%/year
• From 2nd year to 3rd year: Guaranteed crediting 3.0%/year
• From 4th year to 5th year: Guaranteed crediting 2.0%/year
• From 6th year to 10th year: Guaranteed crediting 1.5%/year
• From the 11th year onwards: Guaranteed crediting 1.0%/year