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Children Educational Endowment Assurances The policy is so designed that the benefits thereunder can be used for the education of a named child. The policy may be issued on the life of the father or the mother. The maturity date should correspond with the date anticipated that the child will enter into a Secondary School, Technical College or a University. If the Life Assured dies before the maturity date, premium payments will cease and the Sum Assured will commence to be payable by 15 equal termly instalments (i.e. every four months) as from the agreed maturity date. This type of policy may be issued with or without profits. If the child dies during the currency of the policy the proceeds thereunder may be utilized for the benefit of another child or alternatively, on request of the policy owner, the total premiums paid may be refunded. |
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