How does FWD Invest First Plus initial account charge work?

The initial account charge is payable throughout the premium payment term only and will be deducted on each policy monthiversary.

Initial account charge in policy year N = [A% (based on selected premium payment term) /12] X annualised committed regular premium X N, where N refers to the policy year of the policy

E.g. Mr. Wong buys an FWD Invest First Plus policy with 25-year premium payment term and S$12,000 annual premium. His initial account charge in policy years 1, 5, 10, 25 and 26 onwards is as follows:

Please note that the initial account charge will cease after the premium payment term ends.