Contact Us: (268) 484-6400
ABI Insurance Company
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LIFE INSURANCE

The goal of life insurance is to provide a measure of financial security for your family during illness or death. Here at ABI Insurance Company Ltd., we will work together with you to ensure that you select the right policy to fit your needs.​
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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 Insurance

TERM 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:
  • Paying off debts, including your home mortgage
  • Providing extra protection to help raise your children
  • Paying for your children's education

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.
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​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:
  • Covers a 15-year mortgage at 12%
  • Available between ages 20 and 55
  • With a minimum insured sum of EC$25,000
  • Premiums payable for 13 years
20-Year:
  • Covers a 20-year mortgage at 12%
  • Available between the ages of 20 and 50
  • With a minimum insured sum of EC$25,000
  • Premiums payable for 18 years

GROUP LIFE
Group Life Insurance covers employees who are:
  • Full time
  • Permanent
  • 15 to 65
  • Actively at work on the effective date of the plan
  • In good health at the time of entry
It provides that in the event of a Group member’s death, his or her named beneficiary will receive an insurance benefit, provided that
  • You are insured under the Policy on the date of death
  • ABI Insurance Company Ltd receives proof of death
*Please note
  • Coverage ceases at 70
  • The Policy shall be in force from the issue date for one year
  • It may be renewed for successive years with payment of premiums due

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:

  • Cash values
  • Reduced paid-up insurance
  • Guaranteed premiums and benefits
  • Minimum coverage of EC$25,000

​Policy conditions:
  • If, after three years the need for permanent protection has diminished, the cash value can be used to purchase reduced paid-up policy.
  • Payment becomes due as long as you are insured on the date of death, and ABI Insurance Company Ltd., receives proof of death.

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.
(268) 484-6400​
156 Redcliffe Street
P.O. Box 2386
St. John's, Antigua​
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ABI Insurance Company Ltd.
156 Redcliffe Street
P.O. Box 2386
St. John’s
​Antigua

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