When researching, please be sure to read the policy summary for each product, advisories, insurance plan, policy guide, terms and conditions, special account guide (for variable whole life plans) and other available documentation.
Single–Premium Whole Life Insurance is assessed annual insurance–related costs and investment management costs subsequent to the start of the policy, in addition to fees assessed when signing the original policy. However, such fees differ according to product, selected special accounts, and other factors that prevent us from disclosing such fees here. In addition, cancellation charges may be assessed in the case of cancellation within a certain defined period. Fees incurred by the customer are the aggregate amount of these fees. Please confirm such details with the policy summary, advisories, etc.
For Single–Premium Whole Life Insurance, when converting yen–denominated
currency into foreign currencies an exchange fee (one–way; maximum ¥.50
per base currency unit) is assessed separately from the fees identified
above. In addition, when converting death benefits denominated in foreign
currency into Japanese yen exchange fee will be assessed; however, the
handling of these fees differs among financial institutions, preventing
us from disclosing this fee here.
Single–Premium Whole Life Insurance does not include any capital and/ or return rate guarantees by the Bank.
Single–Premium Whole Life Insurance is invested in domestic and international
stocks and bonds; accordingly, there is an associated risk that death
benefits and/ or cancellation refunds may be less than credited premiums
due to falling stock and/ or bond prices, increases in market interest
rates, fluctuations in foreign exchange rate, etc.
When denominated in foreign currency, there is a risk that the amount of death benefit and/or cancellation refunds converted to yen may be less that the amount of credited premiums converted to yen due to fluctuations in foreign exchange rates.
Single–Premium Whole Life Insurance is a life insurance product where the insurance is underwritten by a life insurance underwriting company, and is not a deposit. The Bank, as an agent, conducts policy intermediation; however, the actual party to the policy is not the Bank, but rather the life insurance underwriting company.
Single–Premium Whole Life Insurance is not covered by deposit insurance. Please consult with the appropriate information desk regarding deposit insurance.
In the event that the life insurance underwriting company declares bankruptcy, protective measures are available through the Life Insurance Policyholders Protection Corporation of Japan; however, there is an associated risk that the amount of death benefit or cancellation refund promised in the original policy will be reduced, and that as a result, death benefits/ cancellation refunds will be less than the credited premiums.
The application for Single–Premium Whole Life Insurance has absolutely no effect on other transactions between the customer and the Bank.
The Bank does not accept applications for Single–Premium Whole Life Insurance when borrowed funds (including funds borrowed from other financial institutions) are provided as insurance premiums.
Due to legal regulations, the Bank may not be able to accept applications for life insurance depending on customer employer and/ or financing application status, etc.