He added that it is the first product to feature RL360°’s refreshed brand.
“We’ve had a presence in Lebanon since 2001 and we wanted to show our continued support for the region by strengthening our offering.”
Clients will have access to a wide range of single priced funds (ie no bid or offer spread) with the ability to make premium payments on a monthly, quarterly, half-yearly or yearly basis.
The minimum term is five years.
Clients will also have the option to pay their premiums by credit card if they choose, with the added benefit of not being subject to any additional credit card charges.
Key features include:
- $200 (£142, €161) per month minimum (note: US Dollar is the only currency option available);
- Whole of life cover up to $7,500,000;
- Critical illness cover up to $750,000;
- Term cover element;
- Long-term care;
- Total and permanent disability.