Life insurance
Limited Pay Whole of Life @60
Whole-of-life cover with premiums that stop at age 60 and a small yearly payment to you from 61 to 65.
- Sold in
- Guyana
- Currency
- GYD
- Plan
- 3500
- Underwritten by
- Demerara Mutual Life Assurance Society Limited
Who it suits
Who should consider Limited Pay Whole of Life @60
For people who want their premiums finished by 60, before retirement, and cover that continues for life.
Cover
What it pays
Premiums are level and paid until age 60. After that the policy is fully paid up and cover continues for life, with a guaranteed death benefit and guaranteed cash value.
At the end of each year from age 61 to 65, while you are alive and the policy is in force, 1% of the sum insured is paid to you. Minimum cover is GYD 500,000 (XCD 50,000).
At a glance
Key features
- Premiums stop at age 60, cover continues for life
- 1% of the sum insured paid each year from 61 to 65
- Guaranteed death benefit and cash value; non-participating
- Guaranteed reduced paid-up cover if you stop paying premiums early
- Optional riders: waiver of premium, accidental death and dismemberment, critical illness (90-day waiting period), payor benefit (for a child insured, if the payer dies or is totally disabled)
Eligibility
Who can apply
Issued from birth to age 50. Premiums are set by age, sex and smoking status, and evidence of good health is required.
Maintained by Life OperationsUpdated
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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
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