Life insurance
Guaranteed Insurance Protection funeral plan
A funeral plan for people aged 40 to 75 that pays a fixed lump sum towards final expenses.
- Sold in
- Guyana
- Currency
- GYD
- Plan
- 7000
- Underwritten by
- Demerara Mutual Life Assurance Society Limited
Who it suits
Who should consider Guaranteed Insurance Protection
For people who want the cost of their funeral settled in advance, and for families arranging cover for an older relative.
Cover
What it pays
Cover lasts to age 100 and premiums are payable for as long as the cover runs. On death after the second policy year, the full sum insured is paid. If death occurs in the first year, the premiums paid are refunded; in the second year, half the sum insured is paid.
Three levels of cover are sold, in Guyana dollars or Eastern Caribbean dollars. The policy has no cash value and there is no policy fee.
At a glance
Key features
- Simplified underwriting for ages 40 to 75: a few health questions on the application rather than a full medical assessment
- Fixed lump sum, chosen from three levels
- Cover to age 100
- Premiums refunded on death in the first year; half benefit in the second year
- No cash or surrender value
Choose a level of cover
Plan options in Guyana
| Option | Cover and issue ages |
|---|---|
| Easy | GYD 400,000 or XCD 30,000. |
| Super | GYD 500,000 or XCD 50,000. |
| Deluxe | GYD 800,000 or XCD 100,000. |
Eligibility
Who can apply
Issued to people aged 40 to 75 on a simplified application.
Maintained by Life OperationsUpdated
Compare
Other life insurance plans
- Future BuilderLevel term life insurance for a fixed number of years or to a set age. There is no savings element, which keeps the premium low.Plan details
- 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
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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