For our investment and saving products, the benefits, terms and conditions are described generally in our Rules and more specifically in a “Table”.
This is a tax-exempt with profit whole of life assurance written under the legislation and rules governing Individual Savings Accounts.
At any time the Sum Assured is equal to the premiums received to date. There is no commitment to pay any premium other than the first. A separate contract applies to each tax year but the Society reserves the right to aggregate contracts for ease of administration.
Bonuses. See Rule 4. Bonuses are based on the accumulated sum assured (Sum Assured plus Bonuses).
Surrender. Rule 3(8) applies.
Part surrender of any contract is permitted at the discretion of the Society.