The future builder plan is a renewable, term life insurance, which ensures maximum protection for a limited period, and relevant term with limited cost.  Policyholders have the option of renewing the term or converting to a permanent plan.

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. (Benefits are not paid out, if the customer does not die within the term). 

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.