It’s never too late to start planning for retirement. The sooner you start, the more you save.
With « Wisdom », you start saving now and plan your retirement with peace of mind by securing your future and that of your loved ones.
« Wisdom » is a retirement plan and a life insurance offered by Emirates Lebanon Bank sal, proposed by Willis Towers Watson Lebanon in collaboration with Libano-Suisse s.a.l. It allows you to build up a capitalized amount for your retirement.
It guarantees payment of the sum insured to the designated beneficiaries in case of natural or accidental death or to you in case of Total and Permanent Disability, before contract maturity
« Wisdom » gives you the choice to add an optional Permanent Partial Disability cover.
« Wisdom » is a flexible contract that fits your needs:
► You set the amount to be received at contract maturity and the premium will be calculated accordingly.
► You set, depending on your financial situation, the amount of the premium to be paid. The accumulated capital at contract maturity will be calculated accordingly.
|Minimum age of insured upon subscription:||18 years|
|Maximum age of insured upon subscription:||64 years|
|Maximum age of insured at contract maturity:||75 years.
Remark: The coverage ceases at the age of 65 for disability
|Number of beneficiaries per contract (in case of death):||Only or more 1|
|Maximum age of beneficiary at contract maturity:||N/A|
Set by insured at the beginning of contract
|Minimum contract duration:||4 accomplished years|
|Minimum premium:||USD 25 / month|
|Frequency of payment:||1M, 3M, 6M, 12M|
|Premium annual indexation (optional - upon subscription):||1% to 10%|
|One-time policy fee (upon issuance):||USD 20|
|Basic cover:||Life insurance - Death plus Total and Permanent Disability|
|Optional cover:||Permanent Partial Disability|
|Payment of saved amount at contract maturity:||
Annual income spread over a period of 5 to 20 years
1. The beneficiary is the insured himself if he is still alive at contract maturity or if he is subject to total and permanent or partial and permanent disability before contract maturity.