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Life Graduate Plus

Life Graduate Plus

Setting aside an amount of money and benefit from an attractive cash value at policy maturity.

Graduate Plus is a saving plan that helps you build a capital for your child’s education.

Every year, you set aside an amount of money that is invested in the Graduate Plus Plan. At the end of the policy term, or at age 23 of child, he, or she, will be paid a guaranteed amount plus compounded bonuses arising out of the company’s profits.

One of the main advantages of Graduate Plus is that it includes a “Waiver of premium” benefit stipulating that in case of the insured’s death or disability during the term of the policy, our company will pay the premiums on his behalf and the plan will stay in-force.

Graduate Plus offers you flexible payment options and the freedom to customize your level of protection through the addition of optional covers.

You can add many riders to your policy without affecting the amount that your child will receive at the maturity of the contract. For example: 

  1. Additional term rider
  2. Accidental rider
  3. School fees protection
  4. Passive war risk protection
  5. Terror risk protection
  6. Etc…

Your SMBI advisor will help you define the amount of coverage you need for life insurance and calculate the related cost of your insurance (premiums).

For example:

A 35 year-old man who pays a premium of $200 monthly, for a 1 year-old child, will get after 22 years:

  1. A cash value of $ 89,303 for a projection rate of 5.5%
  2. A cash value of $100,782 for a projection rate of 6.5%
  3. A cash value of $113,962 for a projection rate of 7.5%

A 40 year-old man who pays a premium of $300 monthly, for a 5 year-old child, will get after 18 years:

  1. A cash value of $ 98,203 for a projection rate of 5.5%
  2. A cash value of $108,157 for a projection rate of 6.5%
  3. A cash value of $119,273 for a projection rate of 7.5%

Just contact SMBI and we’ll have an advisor visit you to tell you more about this product or request a quote