Set your goal and achieve it.

Goal Assured Savings Plan

What is the Goal Assured Savings Plan?

The Goal Assured Savings Plan, BOBĀ“s newest, innovative product is a structured savings plan that includes a life insurance component. It is ideal for persons ages 18-44 who want to save up to $25,000 over a 3 year period.

How does the Plan Work?

1

Upon enrollment in the plan the client identifies a savings goal that he or she wants to achieve over three years, for example, $25,000 towards a down payment for a home.

2

The goal is locked in and simplified with scheduled monthly deposits.

3

The client fills out a brief application with five questions for insurance coverage.

4

The application is approved or declined within 24 to 48 hours; no medical examination is required.

5

Once the insurance application is approved the savings plan goes into effect.

Who Pays the life insurance premiums?

BOB pays 100% of the annual insurance premium for the accountholder.

What are the primary benefits of the Goal Assured Savings Plan?

  • Provides structured savings while offering an attractive interest rate.
  • The full goal amount is insured for the term of the plan.
  • In the event of death, the unrealized portion of the savings goal will be paid to the customer's beneficiary/ estate.
  • The accountholder receives special discounts on loans