Life insurance
Limited Pay Whole of Life @65
Whole-of-life cover with a limited premium-paying period and a small yearly payment to you from 66 to 70.
- 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 @65
For people who want to finish paying premiums before retirement and keep cover for life once they stop.
Cover
What it pays
Premiums are level and paid for a limited period set out in the policy. 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 66 to 70, 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
- Limited premium-paying period, cover continues for life
- 1% of the sum insured paid each year from 66 to 70
- 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 55. Premiums are set by age, sex and smoking status, and evidence of good health is required.
Maintained by Life OperationsUpdated
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