Lunar Monthly Policy Information
What is a Lunar Monthly policy?
Essentially, this policy runs for, and premiums are collected in, equal periods of 28 days (a lunar month); renewing continually at the conclusion of each period subject to receipt of premium.
What are the benefits of a Lunar Monthly policy over a yearly policy?
Current benefits available include:
- Greater maximum recoverable benefit levels
- Policy excess waived on specified cover sections
- Cancellation at anytime without penalty
- Automatic eligibility for 15% premium discount on additional E&L® products