What will happen to the premiums that policyholders have pre-paid in their working years should they pass away early? Will the monies be returned to their family members?

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Accepted Answer

The premiums that are pre-paid are pooled together by age group to help cushion the future increases in premiums during older ages. While some members may pass on earlier, the remaining pool of funds will help those of the same age group who live longer and need to draw on more rebates.

What will happen to the premiums that policyholders have pre-paid in their working years should they pass away early? Will the monies be returned to their family members?

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