What is Life Insurance?Life insurance pays out a sum of money either on the death of the insured person or after a set period of time.
Common Types of Life InsuranceTERM LIFE INSURANCE
ABI Insurance Company Ltd. Term Life Insurance is ideal for young families. Think of it as a way to provide for your loved ones if you're no longer around. It provides affordable protection for a specific period of time. Term life insurance can help ensure your family has the money it needs to take care of important financial responsibilities like:
In your term life insurance quote, you’ll choose a timeframe and limit based on your needs in those areas. WHOLE LIFE INSURANCE ABI Insurance Company Ltd. Whole Life Insurance is long-lasting protection that's flexible enough to use throughout your lifetime. Whole life is ideal if you're over 50. It provides guaranteed level premiums, a death benefit and a savings component (called cash value insurance) that builds with time. EDUCATIONAL ENDOWMENT An Endowment Policy is a combination of a savings component with protection coverage. Our Educational Endowment Policy upon maturity provides funding to assist with the high cost of tertiary education. It also offers the assurance that in the event of a timely demise or disability your child will have full benefits of the fund at the age of 18. ABI Insurance Company Ltd., Educational Endowment Policy is open to children 0 to 10 years and expires on the first policy anniversary after the 18th birthday. The minimum coverage is EC$25,000. MORTGAGE PROTECTION Our Mortgage Protection is a way of protecting your investment in the home of your dreams against even the most sober of eventualities. You pay a fixed premium for the life of the policy, we pay the insured amount in the event of your death. Options include: 15-Year:
GROUP LIFE Group Life Insurance covers employees who are:
LIFE PAID @ 65 ABI Insurance Company Ltd., Life Paid @ 65 is a policy offering level coverage – to individuals 0 to 55 – to age 65. The policy includes:
Policy conditions:
SMART TERM 20 (NEW) Our Smart Term 20 policy provides affordable protection for a period of 20 years with a 10% bonus payable on accumulated premiums in the 5th, 10th and 15th year once the policy is in force. SMART TERM 75 (NEW) Our Smart Term 75 policy provides affordable protection up to age 75 with a 10% bonus payable on accumulated premiums in the 5th, 10th and 15th year once the policy is in force. Contact us to learn more about the right life insurance for you. |