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SPP Standard Quotation.

This document outlines the terms of a Savings Protection Policy (SPP) offered by NICO Life Insurance. The 5-year policy protects the savings of Peter G Mac Jessie with a maturity value ranging from $494,562.93 to $1,431,802.33 depending on the monthly premium amount and annual premium increase percentage. A loan is accessible after 2 years of full premium payments with a 30% annual interest rate. Upon death, all premiums paid plus 4% interest will be refunded to beneficiaries.

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98 views1 page

SPP Standard Quotation.

This document outlines the terms of a Savings Protection Policy (SPP) offered by NICO Life Insurance. The 5-year policy protects the savings of Peter G Mac Jessie with a maturity value ranging from $494,562.93 to $1,431,802.33 depending on the monthly premium amount and annual premium increase percentage. A loan is accessible after 2 years of full premium payments with a 30% annual interest rate. Upon death, all premiums paid plus 4% interest will be refunded to beneficiaries.

Uploaded by

ChimzMughogho
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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SAVINGS PROTECTION POLICY (SPP) - FIVE YEAR TERM

Name : Peter G Mac Jessie


Phone : 099422444 / 0888422444
Email : pmacjessie@nico-life.com / pmacjessie@live.co.uk

MATURITY VALUE WITH MATURITY VALUE WITH


MONTHLY PROJECTED SUM ANNUAL PREMIUM ANNUAL PREMIUM
PREMIUM ASSURED CAPITAL INVESTMENT MATURITY VALUE INCREASE OF 5% INCREASE OF 10%

7500 425,430.48 450,000.00 494,562.93 540,000.00 692,388.11


8000 455,718.83 480,000.00 529,773.14 576,000.00 741,682.39
9000 516,295.52 540,000.00 600,193.54 648,000.00 840,270.95
10,000.00 576,872.21 600,000.00 670,613.94 720,000.00 938,859.52
15,000.00 879,755.66 900,000.00 1,022,715.95 1,080,000.00 1,431,802.33
20,000.00 1,182,639.11 1,200,000.00 1,374,817.96 1,440,000.00 1,924,745.15
25,000.00 1,485,522.56 1,500,000.00 1,726,919.97 1,800,000.00 2,417,687.96
30,000.00 1,788,406.01 1,800,000.00 2,079,021.98 2,160,000.00 2,910,630.78
35,000.00 2,091,289.46 2,100,000.00 2,431,124.00 2,520,000.00 3,403,573.59
40,000.00 2,394,172.91 2,400,000.00 2,783,226.01 2,880,000.00 3,896,516.41
45,000.00 2,697,056.36 2,700,000.00 3,135,328.02 3,240,000.00 4,389,459.22
50,000.00 2,999,939.81 3,000,000.00 3,487,430.03 3,600,000.00 4,882,402.04
55,000.00 3,302,823.26 3,300,000.00 3,839,532.04 3,960,000.00 5,375,344.86
60,000.00 3,605,706.71 3,600,000.00 4,191,634.05 4,320,000.00 5,868,287.67
65,000.00 3,908,590.16 3,900,000.00 4,543,736.06 4,680,000.00 6,361,230.49
70,000.00 4,211,473.61 4,200,000.00 4,895,838.07 5,040,000.00 6,854,173.30
75,000.00 4,514,357.06 4,500,000.00 5,247,940.08 5,400,000.00 7,347,116.12
80,000.00 4,817,240.51 4,800,000.00 5,600,042.10 5,760,000.00 7,840,058.93
85,000.00 5,120,123.96 5,100,000.00 5,952,144.11 6,120,000.00 8,333,001.75
90,000.00 5,452,387.11 5,400,000.00 6,338,400.01 6,480,000.00 8,873,760.02
95,000.00 5,725,890.86 5,700,000.00 6,656,348.13 6,840,000.00 9,318,887.38
100,000.00 6,028,774.31 6,000,000.00 7,008,450.14 7,200,000.00 9,811,830.20

NOTE : Loan is accessible after 2 years of full premium payment & repayment interest is 30% annually.
On the Death of the policy holder, premiums paid plus 4% interest is refunded to the nominated
beneficiaries.

NICO Life Insurance - Savings Protection Policy Standard quotation.

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