Life Paid Up to 65
You’ve paid your dues. And now that you’re 65, and perhaps not earning as much money as you used to, you can rest easy knowing your family and loved ones are protected while you’re no longer required to pay premiums.Read More
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.
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.
Sagicor offers this non-participating whole life plan of insurance designed to match your unique needs and give you financial peace of mind for today, and for the future.
The endowment component allows the owner to select a percentage based on the sum assured from the whole life component to be utilised as the maturity benefit of the plan.
The selection is as follows:
With the purchase of this option (which is available for insureds between 18 years old and the policy’s maximum issue age), if the insured dies in an accident or becomes dismembered within the meaning of the policy, then subject to the policy’s terms and conditions, a pre-determined lump sum benefit will be paid. Coverage for this option ends
on the policy anniversary nearest the insured’s 65th birthday or on earlier termination of the policy.