4.2.2 Interest Only Payments
The beneficiary may opt to receive interest payments while the insurance company holds the policy proceeds. The insurance company can pay a higher interest rate than the pre-established minimum rate, but it cannot pay a lower rate.
The beneficiary retains the right to withdraw all or part of the remainder of the proceeds at any time. If the beneficiary dies, the money left will go to either the deceased beneficiary's estate or the secondary beneficiary, if named in the original policy.
