After researching Sagicor's NLUL, I've come across conflicting information:
Illustration Software - Gives the monthly premium required to maintain a level death benefit guarantee for the lifetime of the insured. (very easy to understand, says the death benefit is guaranteed)
however..
The Policy - States the "Extended No Lapse Guarantee" is subject to the "No Lapse Guarantee Values Test" which takes into consideration the "No Lapse Guarantee cost of Insurance."
I couldn't find anywhere on the policy that states specifically, if you pay "X" amount per month and don't fall behind, y
Source of insurance-forums.net
Illustration Software - Gives the monthly premium required to maintain a level death benefit guarantee for the lifetime of the insured. (very easy to understand, says the death benefit is guaranteed)
however..
The Policy - States the "Extended No Lapse Guarantee" is subject to the "No Lapse Guarantee Values Test" which takes into consideration the "No Lapse Guarantee cost of Insurance."
I couldn't find anywhere on the policy that states specifically, if you pay "X" amount per month and don't fall behind, y
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