What would be the withdrawal value after a year?
Offer price =P16.00
Bid-offer spread=4.5%
Number of units bought=25,000
Policy fee=Pl,8OO
Admin and Mortality charge=P8,750
Top-up Fee=P700
Admin for top-up=P2,000
Sum assured is 190% of single premium or the value of the units, whichever is higher.
Assumptions:
1. Charge and fees 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.