Quality Investment Plan

Quality services

Get coverage with this universal life plan

Quality Investment Plan

This is the first universal life product introduced by the Company to the Ghanaian market in the early 2003. The product offers life (i.e. death benefit) as well as an investment fund. (i.e. the account value) inherent in the product design are flexibilities in premium, death benefits, interest credits, mortality and expense charges.

Guaranteed Interest Rate

This policy guarantees interest an evaluated
interest rate.


This product enables the insured to accumulate substantial funds towards retirement through consistent, regular periodic contributions.

The periodic premiums, together with interest, develop into an Account Value representing the insured’s equity in the policy; the insured obtains the Cash Value equal to the Account Value less the applicable surrender penalty upon surrendering the policy.


The policy holder is given access to the funds in the policy through loans, withdrawals or surrenders after the first policy year.

  • The policy allows for partial withdrawal up to 50% of the policyholder’s cash value. Withdrawals below 25% of the policyholder’s cash value attract no charges.
  • The policy allows for partial withdrawal up to 50% of the policyholder’s cash value. Withdrawals below 25% of the policyholder’s cash value attract no charges. 
  • After the tenth policy year attract no surrender charges.
  • Policy loans are available after the first policy year up 80% of the policyholder’s cash value.

Frequently Asked Questions

Below are a set of answered questions categorized under the respective topics for your convenience. Kindly browse through for answers to your questions. Chances are the questions you may want to ask have already been answered.

Who can I contact for further information?
if you require further information or clarification, please do not hesitate to call your QLAC sales representatives, or the nearest QLAC office.
  • Who can take this policy?
    All parents and guardians above 18 years re eligible to take the policy. Guardians aged 60yrs and above can invest with interest but limited risk benefits.
  • What are the optional packages that comes with this policy?
    1. Waiver of premiums on Death of the guardian/parent: The Company pays the premium on behalf of the parent/guardian up to the Maturity period
    2. Waiver of premiums on Death or Disability benefit: When the assured dies or becomes totally and permanently disabled, no premium is due from the assured for the unexpired policy term. However the Company assumes the responsibility of paying the premiums for the rest of the premium paying period.
    3. Immediate Death Benefit: On the death of the guardian, the appropriate Sum Assured.(ie estimated maturity value) at the time of death is added to the investment account and paid in bulk to the beneficiary for the education/training of the child.
  • What if I am unable to contribute regularly?
    If the account value in any month is less than the monthly deduction for that month, a grace period of one month would be granted for the premium to be paid. Failure to pay the premium after the grace period renders the policy invalid.
  • Can I increase my premium?
    Certainly yes. In order to stand the effects of inflation and accumulate more funds, the policy holder may choose from time to time to increase his/her periodic premium.
  • What is the premium payment frequency?
    Premiums are paid either on monthly, quarterly, semi-annually or annually. No claims will be paid when the policy is not in force or premiums are in arrears.
  • What is waiting period?
    The waiting period is six (6) months from the inception of the cover. During this period, no claim will be paid except claims in the event of unnatural or accidental death.
  • Do I need to declare my medical information
    YES. All you have to do is answer the medical questions applicable to you and the assured. Medical examination may be required where necessary.