Liberty education savings plan FAQs
he purpose of the ducation savǦ
Q1: What is the purpose of the education
cfinohrilsdtrhpelannǤedihsuectaoitnihovenelsptcmopseatnrsetnovtfaslutsheaeviesr savings plan product?
mbausleadteodn pthrempioulmicyshloelsdsercǯsharcceusǦ pvoeflufsestrmsaenanytrreepttourrertnnfocslhimomǤaedneht eopnrpetrmhoediuinmcǦt fwoariuvpertothsaitwmiollnptahysǤthe premiums
eular premiums are paid into
Q2: How does the education savings
vtheestpmlaentwrehtiuchrnws iollverotwimweǤithitinhǦ
plan work?
drawals (at no cost) can be made forormedtuhceaptiloan wcohsetns, itfǯosrtiamselotonpays pthlaenreǤ are funds available in the
hen the policyholder dies, the
Q3: What happens if the policyholder
nominated beneficiary(ies) will be dies?
menetnittlevdalutoeǤthheisrecamnabineintaei nvaestaǦ cash lump sum (less any ta)Ǥ he batentheeficsitaarriet sofmthuestpobliecysapnedcifciaend
at which ban to nopoet na laihcht etaqsuiǤnt caocucolduenvteins be liened to purchasin an asset beǦ ocfoabrutfaseeint,iinonnciiettǤiascnqoutiraesd,etahsey pasroicneitsisalolyf
hen it comes to manain your mtoonlseay,nidtǯsoanlleaobfotuhtehabveisnttothoelsriyohut cwahnathǯsavteheis daiffebraennceacbceotuwnetǤen uat cohueqnutǫe ancdcoduonytouanrdealalysnaeveindbsotahcǫǦ
ompare cheque vs savins acǦ tchoeumntsboatnhdtoleyaorunrhaodwvanytoauecǤan use
cheque account is a type of ban amcoconueynt(liwehwerheenyoyuou craenceivde pyosuirt
What’s a cheque account?
payroll, deposit a cheque or receive
Dbe chaned by the policyholder thereafter if neededǤ hese cannot be chaned after hthoelddeerǤath of the policyǦ
4: Are there any penalties should the pohleirceyhaoreldnero ncheaerdetso or
change premiums or
ploewnianltiǣes for any of the folǦ
to access the funds?
Ȉ ncreasin or decreasin
the eular premiums, Ȉ toppin or reǦstartin the euǦ lar premiumǤ
olicyholders can cede the benǦ pefaitrstyfriofmnetehdisedpǤolincyoountrtoihatthceirsdǦ
Q5: Can this policy be ceded?
sion of ͳͲͲ per cent of the investǦ ment value is allowedǤ o partial sessions are allowedǤ
he retrenchment premium
Q6: How does the retrenchment
iwnacilvuedredhwasithbineethne paruotdoumcat,titcoaalllyǦ
waiver work?
low customers to continue to enǦ polyanpriefmthiuemy sarbeinretrmenadcheetdoǤthLeibirǦ a direct deposit) or mae withdrawǦ alilse forrocyeoriuers, dmaeyaǦtlos,Ǧdfuaeyl, aenpdeontsheesr, basic necessitiesǤ ou can also pay erty Life will pay the policyǦ hfoorldueprǯsto sipremmoinutmhs after bein retrenched and while they loo fboer apaniedwaosbǤmohnethplryempiruemsiuwmilsl irrespective of whether the poliǦ cpyrhemoldiuemr spǤayhsemoonntthhlylyoprreamnniumal will be calculated as the averae monthly premiums paid over the last year before the retrenchment ͲdͲatͲeǤpehremreoinstha tmhatiLmibuemrtyofLifʹe will pay for each premiumǤ
Q7:foWr htahtearreetrthenecehlimgiebniltitpyrcermiteiurmia