Whole Life Insurance With a Difference
As individuals, we have different dreams and special goals. You know why you save, what is affordable for you, and what type of insurance you require. Let this shape how you plan for your financial future with access to products that are adjustable and in sync with your personal goals. Young or old. Married or not. The Sagicor Whole Life Insurance Suite lets you tailor your insurance to help you pursue your profession or passion.
With Sagicor Whole Life Insurance you get the protection of permanent insurance covering you to age 100. In addition, at application, you get to add an endowment benefit to your lifetime insurance coverage under an enhanced policy. The first of its kind in the region, our Enhanced Whole Life Policy gives you increased lifetime insurance protection plus an endowment benefit that pays cash at the policy anniversary nearest age 65, when retirement is in sight.
Whole Life Coverage
Our whole life policies cover you to age 100, accumulating guaranteed cash value during your lifetime and providing a death benefit to protect your loved ones. Premiums are fixed and once paid, the policy will remain in force for your entire lifetime. You will have the option of paying the premium through to age 100 or ending the premium payment at age 65. In the event of death, provided there is no indebtedness, the Sum Assured will be paid.
Enhanced Whole Life Coverage
If you choose the unique hybrid coverage provided by an Enhanced Whole Life Policy you will get to choose the amount of your endowment benefit. The endowment benefit provides additional whole life coverage of either 25%, 50%, 75% or 100% of basic coverage, as elected by the policy owner at application. Enhanced coverage will cease after
the endowment rider matures and in the event of death after payment of the endowment benefit only the Sum Assured will be payable. In addition, the owner-insured who lives beyond the policy anniversary nearest age 65 will receive a lump sum payment equal to the chosen percentage increase in coverage.
For more information, give us a call at 800-SAGE (7243), view our brochure or email us at [email protected]
