Refund Schedule

Minimum Retained Premium: Under MHF’s 40 Year Term with a 5 Year Upfront Premium insurance, MHF will provide a refund as specified below if coverage is terminated or cancelled.

Month Coverage Terminated Percent of Premium Refunded Month Coverage Terminated Percent of Premium Refunded
1 98% 31 48%
2 97% 32 47
3 95 33 45
4 93 34 43
5 92 35 42
6 90 36 40
7 88 37 38
8 87 38 37
9 85 39 35
10 83 40 33
11 82 41 32
12 80 42 30
13 78 43 28
14 77 44 27
15 75 45 25
16 73 46 23
17 72 47 22
18 70 48 20
19 68 49 18
20 67 50 17
21 65 51 15
22 63 52 13
23 62 53 12
24 60 54 10
25 58 55 8
26 57 56 7
27 55 57 5
28 53 58 3
29 52 59 2
30 50 60 0