ZIL Declaration RMM t&c’s

ZIL Declaration RMM t&c's

CONDITIONS, DECLARATIONS AND RESTRICTIONS

I would like to apply for a Zero Interest Loan in respect of the abovementioned agreement(s). I am the legal owner of the agreement(s) and I have not ceded nor pledged the agreement(s) by antenuptial contract or otherwise.

I understand that the amount of any loan taken will be transferred, within the policy, to a Capital Secured Fund. This will ensure that the amount does not lose any value. There will be no growth on the amount in the Capital Secured Fund and no charges will be applicable to money in the Capital Secured Fund, but the money will also not be accessible. I am not expected to repay the loan during the term of the policy, on termination of the policy the loan will be settled from the policy proceeds. If I want to repay the loan, I can contact Old Mutual on 0860 60 70 00 for information on how to repay it.

I agree that Old Mutual will impose a charge on my policy when I take out the loan.

I, the undersigned, request Old Mutual to deposit the loan amount into the bank account provided and declare the bank details provided are complete and accurate.

I will not hold Old Mutual responsible for any risk or liability resulting from the loan amount being deposited into an incorrect bank account if I supplied the incorrect bank details.

NOTE

If you pay your premiums by debit order and a premium was deducted from your account in the last nine days, we are waiting for the premium to clear at the bank. The value that is paid into your bank account will be the value quoted less the premium that hasn’t cleared yet. If the debit order clears, we will apply the premium to your policy.