<%@LANGUAGE="VBSCRIPT"%>
<%
option explicit
%>
<%
dim rsArticles, sSQL, gStr
set rsArticles = server.createobject("adodb.recordset")
rsArticles.cursorlocation = 3
sSQL = sSQL & "SELECT TOP 10 Articles.Article_ID, Articles.Article_Title, Articles.Article_Excerpt, "
sSQL = sSQL & "Articles.Article_Content, Articles.Article_Posted, Articles.Article_Comments, "
sSQL = sSQL & "Articles.Article_Images, Categories.Category_ID, Categories.Category_Title, Users.User_ID, "
sSQL = sSQL & "Users.User_Name FROM FB_Users AS Users INNER JOIN (FB_Categories AS Categories "
sSQL = sSQL & "INNER JOIN FB_Articles AS Articles ON Categories.Category_ID = Articles.Article_Category_ID) "
sSQL = sSQL & "ON Users.User_ID = Articles.Article_User_ID WHERE Article_Status = 1 AND Article_Level = 0 "
sSQL = sSQL & "ORDER BY Article_Posted DESC;"
rsArticles.open sSQL, adoConn
Do While Not rsArticles.EOF
gStr = gStr & "
" & vbCrLf
rsArticles.MoveNext
Loop
%>
<%=gStr%>
The policy holder pays a single premium which purchases units in the selected fund at the price of the units ruling on the day of payment. The policy is written as a whole life policy, and the policy holder can retain the policy for as long as they want to. The policy can be surrendered at any time and these contracts are used for investment purposes.
If the life insured dies the policy pays out, quiet often 101% of the units value. This reduces costs and makes it easier for older lives to invest. Some offices will pay out a higher percentage if the life insured dies early such as 200% at the Age of 30 or 120% at the age of 50.
Some life offices will allow the policy holder to pay in further single premiums at any time. This topping up facility avoids the need of having to set up a completely new life policy. Many life offices will write this business also as a second death joint life policy.
As these policies are attractive to investors, most allow the facility for the policy holder to make withdrawals each year by partial surrender of a few of the units purchased. There may be tax implications on making this partial surrender depending on the amount surrender in relation to the rest of the policy and the timing of the surrender.
A few life offices will offer policies which pay out a distribution of income from the fund each year. This is payment of natural income developed by the fund such as dividends, interest and rental income.
This is normally done without cashing in the units and the rate of income produced will vary.
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Regular Premium Unit Linked Whole Life Insurance