Illustrated rate means a rate shown in an advertisement, representation, or solicitation which an insurer may guarantee for a limited period of time, but not guarantee for the duration of the policy.
Examples of Illustrated rate in a sentence
Illustrated rate of return of 3% p.a. for Fanny’s example: From Policy Year 4: Guaranteed Income SS125 | Cash Bonus SS65 | Total SS190 From Policy Year 6: Guaranteed Income SS160 | Cash Bonus SS137 | Total SS297 From Policy Year 119: Guaranteed Income SS171 | Cash Bonus S156 | Total SS327 Centennial Benefit: Guaranteed 105% of Premiums Paid SS 157,499 | Non-guaranteed Terminal Bonus SS10,499 | Total SS167,998 This policy is underwritten by Singapore Life Ltd.