RL360 has withdrawn credit card fees on its regular premium whole of life international* protection product, LifePlan.

This equates to a saving of 1.5% on every regular premium payment made by a policyholder on their credit card. Generally, offshore life companies will pass this charge (levied by credit card companies) onto policyholders; however, RL360 will cover this cost going forward.

What this means in monetary terms

For a LifePlan policyholder who is paying a regular premium of USD412 per month, with a USD500,000 sum assured, and who will turn 31 next birthday, the removal of the 1.5% credit card fee per monthly premium paid will save him USD74 every year, or USD4,736 over the lifetime of the policy (assuming he pays monthly premiums until the age of 95).

You could choose to save this money, or increase your monthly premium and invest the extra USD74 per annum into your LifePlan policy.

Interested to learn more? Just Contact Me for more information or a personalized quotation.