facebookI understand that Elastiq ePROTECT lifetime life insurance offers retirement benefits. What are they and how does it work? - Seedly

Anonymous

28 Apr 2020

Insurance

I understand that Elastiq ePROTECT lifetime life insurance offers retirement benefits. What are they and how does it work?

They seem relatively basic with their life insurance benefits but this is the only feature that might interest me.

Discussion (1)

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Hey there! "Retirement benefits" here is just a different way of calling it "having cash value that you can withdraw at retirement" So it works pretty much like an average whole life plan.

In general, whole life plans are participating (ie. they have a cash value to it and how much of it depends on how the participating fund performs). The cash value is usually withdrawable at a stated age (usually at retirement age).

I'm not a representative but based on what I read in the product provisions.. it works around the same way but do consult a representative to find out more.

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