• The Policy Anniversary Date following the Life Assured attaining age sixty-five (65). • The Life Assured’s death. Upon receiving written notification acceptable to Us that the Life Assured has died, We will immediately pay the lower of: • The Life Cover Benefit ; or • $25,000. This Funeral Benefit will be treated as an early payment of the Life Cover Benefit . The Life Cover Benefit will then be reduced by the amount paid. If You have more than one (1) Life Cover Benefit the Funeral Benefit payment will only be paid on one (1) of those Life Cover Benefits . Payment of the Funeral Benefit does not indicate Our acceptance of the claim on the Life Cover Policy . Upon payment of the Life Cover Benefit or Terminal Illness Benefit , We will pay an additional lump sum of $1,000 to the Policy Owner for the purposes of seeking financial planning and/or legal advice. Only one (1) Financial Planning and Legal Benefit payment per Life Assured will be made regardless of the number of additional Policies held with Us . Should the Life Assured be diagnosed by a Registered Medical Specialist as having an illness which is likely to result in the death of the Life Assured within twelve (12) months of diagnosis, a lump sum up to the amount of the Life Cover Benefit will be paid. The Life Cover Benefit will be reduced by the amount of payment made. We shall have the right to call for an examination at Our expense, of either the Life Assured or the evidence used in arriving at such diagnosis, by an independent acknowledged expert in the field of medicine concerned selected by Us , and the opinion of such expert as to such diagnosis shall be binding on You , the Life Assured and Us . You may at any time prior to the Life Assured reaching age sixty-five (65): Convert all or part of the Life Cover Benefit from the Premium specified in Your Policy Schedule to a Level Premium structure. The Life Cover Benefit under this Policy will be reduced by the amount of insurance so converted; or Convert a Level Premium term to a further Level Premium term, of which duration may be the same or less than the current Level Premium term. We will not require You or the Life Assured to produce further medical evidence at the time of conversion. The terms and conditions of the new Policy will be those which are then offered by Us to the general public. Premiums will be calculated on the current age of the Life Assured . Any Premium loading(s) and/or exclusion(s) that applied to Your existing Life Cover Benefit will apply to Your new Life Cover Benefit .
FUNERAL BENEFIT 9
FINANCIAL PLANNING AND LEGAL BENEFIT
10
TERMINAL ILLNESS BENEFIT
11
CONVERSION OPTION
12
A
B
BCP-LC-05/2026
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