What is the ‘policy Interest Rate’ on the Decreasing Term Page?

29 views 10/02/2020 25/11/2021 0

This is the interest rate that will be applied to the decreasing protection benefit.

Please note: Many providers have a fixed policy interest rate which will be displayed on the benefit screen. Alternately, refer to the client illustration (KFI) for the policy interest rate applied. There is a risk that if the mortgage interest rate exceeds the policy interest rate, your plan may not pay out the amount to completely pay off the outstanding mortgage.

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