1 Chubb Life will make a donation to the designated Charity(ies) in a total amount which is equivalent to the Life Insurance Proceeds payable which will be capped at USD10,000, if the aggregate amount of Life Insurance Proceeds payable exceeds US$10,000 .
2 On or after the specified Policy Anniversary, while the Policy is still in force and during the lifetime of the insured, you may apply to convert the Partial Surrender Value to a Split Policy, subject to certain conditions under the Policy.
3 On or after the 1st Policy Anniversary and while the Policy is still in force and during the lifetime of the Insured, you may apply to change the Insured. The application is subject to certain conditions under the Policy.
4 Reversionary Bonus will be declared annually starting from the 3rd Policy Anniversary, provided that all Premiums due have been paid in full and the Policy remains in force. The amount of Reversionary Bonus shall be determined by the Company at its sole discretion from time to time. Reversionary Bonus has a notional value and is subject to change from time to time. Once credited to the Policy, the notional value of the Reversionary Bonus is guaranteed and forms a permanent addition to your Policy. This notional value forms part of the Death Benefit calculation. The Reversionary Bonus also carries a non-guaranteed cash value, and becomes payable in the event of Standby Regular Withdrawal Instruction being carried out, Cash Withdrawal, surrender (including partial surrender) or maturity of the Policy. Please note this cash value may not be equal to the notional value of the Reversionary Bonus.
5 After the Policy has been in force for certain years from the Policy date and all Premiums due have been paid in full, you will be entitled to received Terminal Bonus. The amount of Terminal Bonus shall be determined by the Company at its sole discretion from time to time. Terminal Bonus carries a notional value and cash value, the former counting as part of the Death Benefit calculation. The cash value of the Terminal Bonus becomes payable in the event of Standby Regular Withdrawal Instruction being carried out, Cash Withdrawal, surrender (including partial surrender) or maturity of the Policy. Both the notional value and cash value of Terminal Bonus are not guaranteed and are determined by the Company when they become payable. Please note this cash value may not be equal to the notional value of the Terminal Bonus. Neither notional value nor cash value of the Terminal Bonus is guaranteed until payment. It should also be noted the Terminal Bonus may rise or fall. It does not accumulate within the Policy, nor forms a permanent addition to the Policy.
6 After the Policy has been in force for 10 years, and during the lifetime of the Insured when the Policy is still in force, you may apply to exercise the annuity option upon Cash Withdrawal (fully cash out option) or surrender (including partial surrender), subject to certain conditions under the Policy.
