The Future Builder Super plan is a refundable, non-renewable, term life insurance, which ensures maximum protection for a limited period, and relevant term with limited cost. It does not allow the policyholder to continue coverage past the original period. A percentage of total premiums paid during the life of the policy, is refunded at the end of the term.

The Policy’s term can be set at the number of years until the client’s children are financially independent. This plan serves to provide peace of mind to the insureds dependents by way of a death benefit upon the death of the insured.
A maturity benefit is payable if an insured is alive at the expiry date of the coverage. The amount of maturity benefit is equal to 60% of total premiums paid.

Premiums are affected by the general health of the client at the start of the policy, with high risk profile clients such as smokers, having a higher premium. A death benefit equal to coverage face amount is payable upon the death of the insured while coverage is effective, with the face amount minimum being GYD 1,000,000.

The riders available are, Waivers of Premium and Accidental Death and Dismemberment.