Life insurance
Future Builder
Level term life insurance for a fixed number of years or to a set age. There is no savings element, which keeps the premium low.
- Sold in
- Guyana
- Currency
- GYD
- Plan
- 1000
- Underwritten by
- Demerara Mutual Life Assurance Society Limited
Who it suits
Who should consider Future Builder
Future Builder suits people who need a large amount of cover for a fixed period: while children are growing up, while a loan is being repaid, or while a household depends on one income.
Cover ends when the term ends. The plan is not renewable and cannot be extended past its original term.
Cover
What it pays
If you die during the term, the cover amount is paid to the people you name. Nothing is paid if you outlive the term, which is what keeps the premium low.
The policy has no cash value. Minimum cover is GYD 1,000,000 (XCD 50,000 in the Eastern Caribbean).
At a glance
Key features
- Non-renewable level term: cover ends at the end of the term
- Cover amount paid in full on death during the term
- Level premium payable for the whole term; smokers and higher-risk applicants pay more
- No cash or surrender value
- Optional riders: waiver of premium (premiums waived after six months of total disability, to age 65) and accidental death and dismemberment (to age 65)
Choose a term
Plan options in Guyana
| Option | Cover and issue ages |
|---|---|
| FB10 | Cover for 10 years. Issue ages 18 to 60. |
| FB20 | Cover for 20 years. Issue ages 18 to 50. |
| FB65 | Cover to age 65. Issue ages 18 to 55. |
| FB80 | Cover to age 80. Issue ages 18 to 65. |
| FB100 | Cover to age 100. Issue ages 18 to 65. |
Eligibility
Who can apply
Issue ages depend on the term you choose, from 18 to 65. The plan is fully underwritten: your premium is set by your age, sex, smoking status and health when you apply, and a medical examination may be asked for.
Maintained by Life OperationsUpdated
Compare
Other life insurance plans
- Future Builder SuperLevel term life insurance that returns 60% of the premiums you paid if you are alive at the end of the term.Plan details
- Super Life ProtectorWhole-of-life cover with level premiums payable to age 100, a guaranteed death benefit and a guaranteed cash value.Plan details
- Limited Pay Whole of Life @60Whole-of-life cover with premiums that stop at age 60 and a small yearly payment to you from 61 to 65.Plan details
Talk to an agent
Not sure which plan fits? Ask an agent in Guyana.
Tell us what you want to cover or save for. An agent from your local office will call you back to explain the options and the cost.
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