What would be the withdrawal value after a year?
Offer price = Ps 16.00
Bid-offer spread = 4.5%
Number of Units bought = 25,000 units
Policy Fee = Ps. 1,800
Admin and Mortality Charge = Ps. 8,750
Top-Up Fee = Ps. 700
Admin for Top-Up = Ps. 2,000
Sum assured is 190% of single premium of the value of the units, whichever is higher.
Assumptions:
1. Charges and fees are deducted after the single premium has been invested into the account.
2. The growth rate of the unit price and the bid-offer spread is maintained at 8% and 4.5% respectively.