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Life Insurance
Life Insurance solutions that fit your needs
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Life Insurance
Life insurance will help you ensure your financial future—whether you are worried about what could happen to your loved ones if you can no longer provide for them, or you simply want to save so you can enjoy your retirement to the fullest or even pay for your children’s education, and much more. We have the solution that matches your needs and will help you protect you now and in the future.
Explore our Solutions
Universal Life
Term Life
Annuities
Universal Life
Term Life
Annuities
If you need permanent life insurance, but prefer flexible premiums, Universal Life Insurance may be right for you. This product is designed to evolve with your changing needs. From a savings component that can be used when needed most, to retirement funds and more, this best‑in‑class solution, with excellent cash accumulation value, will be with you for a lifetime. Learn more by contacting us today.
Ordinary Life
The Ordinary Life product offers permanent coverage throughout your life and builds a cash value which can be used for emergencies with a fixed premium for the life of the policy. This plan gives you two options: Ordinary Life’s participating policies that allow the insured to earn additional cash value based on how the life plans perform above the standard cash value accumulation or Ordinary’s Life non‑participating policies that have a standard cash value accumulation which grows the longer premiums are paid.
Life protection is guaranteed during the years of greatest need with flexible options available in the future.
If, in later years, the need for permanent protection has diminished or ceased, or you are unable to continue making payments to your premiums through a financial setback, the cash value may be used to keep the policy in force, or as a net premium to purchase either a reduced paid‑up insurance or extended term insurance.
In addition, the cash value is available to provide you with cash for emergencies in the form of a loan at an interest rate determined by the company.
Eligibility: Persons up to age 65 are eligible.
Your Premiums: Premiums are payable during your lifetime or for a limited period and can be paid annually, semi‑annually or monthly. The beneficiary receives the sum assured plus the value of the accumulated dividends if any, at the time of death.
Benefits for Beneficiaries: In the event of death, your beneficiary will be paid the sum insured plus any cash value the policy has accumulated during the insured period.
Additional Coverages:
- Waiver of premium
- Accidental death
- Accidental death and dismemberment
- Income waiver of premium
- Non‑occupational accidental indemnity
- Silver Lining rider gives additional coverage for a specified number of critical illnesses
Ordinary Life
The Ordinary Life product offers permanent coverage throughout your life and builds a cash value which can be used for emergencies with a fixed premium for the life of the policy. This plan gives you two options: Ordinary Life’s participating policies that allow the insured to earn additional cash value based on how the life plans perform above the standard cash value accumulation or Ordinary’s Life non‑participating policies that have a standard cash value accumulation which grows the longer premiums are paid.
Life protection is guaranteed during the years of greatest need with flexible options available in the future.
If, in later years, the need for permanent protection has diminished or ceased, or you are unable to continue making payments to your premiums through a financial setback, the cash value may be used to keep the policy in force, or as a net premium to purchase either a reduced paid‑up insurance or extended term insurance.
In addition, the cash value is available to provide you with cash for emergencies in the form of a loan at an interest rate determined by the company.
Eligibility: Persons up to age 65 are eligible.
Your Premiums: Premiums are payable during your lifetime or for a limited period and can be paid annually, semi‑annually or monthly. The beneficiary receives the sum assured plus the value of the accumulated dividends if any, at the time of death.
Benefits for Beneficiaries: In the event of death, your beneficiary will be paid the sum insured plus any cash value the policy has accumulated during the insured period.
Additional Coverages:
- Waiver of premium
- Accidental death
- Accidental death and dismemberment
- Income waiver of premium
- Non‑occupational accidental indemnity
- Silver Lining rider gives additional coverage for a specified number of critical illnesses
Term Life Insurance is a reliable, cost‑effective life insurance policy set to protect you for a fixed period. This simple, affordable solution provides peace of mind to loved ones and is designed to fit any budget. With a variety of terms to choose from, learn more today to find protection for you.
Term Life
Term Life is insurance coverage for a period as specified by the terms of the policy.
Term Life Product Benefits:
- You can receive cost‑effective coverage with the opportunity to convert to permanent coverage on or before age 70, should your needs change.
- You also have the option to supplement your other life insurance with Term Life insurance when it is needed.
Types of Term
- Term Life cover is offered to a specified age such as term to age 65 or age 80 which expires when you reach 65 or 80 years of age, depending on the length of coverage chosen.
- Term Life cover is also offered for a specified number of years such as term for 10 or 20 years, which expires after the policy has been in force for the specified period selected.
Additional Coverages:
- Waiver of premium
- Accidental death
- Accidental death and dismemberment
- Income waiver of premium
- Non‑occupational accidental indemnity
- Silver Lining rider gives additional coverage for a specified number of critical illnesses
Guaranteed Protector
The Guaranteed Protector plan is a specially designed, low cost, savings policy to support successful financial planning during their life.
This life insurance policy offers competitive life insurance coverage with a guaranteed cash accumulation up to age 70. This policy provides basic cash accumulation in savings. You also have the option to add the Waiver of Premium up to age 55. Should you become totally disabled while insured, with the Waiver of Premium, payment of subsequent premiums will be suspended while such disability lasts. The benefit terminates at age 60.
Benefits:
- Guaranteed protection up to age 100
- A guaranteed progressively increasing cash fund
- Guaranteed fixed premium throughout the life of the policy.
- The accidental death benefit in any amount up to three times the face value of the basic policy may be included.
Eligibility:
Persons from age 18 to age 70 are eligible for Guaranteed Protector.
*Subject to underwriting guidelines.
Benefits for Beneficiaries:
In the event of accidental death, as defined in the policy, the beneficiary will receive the current face value of the basic plan proceeds plus the accidental death benefit.
Additional Coverages:
- Waiver of premium
- Accidental death
- Accidental death and dismemberment
- Income waiver of premium
- Non‑occupational accidental indemnity
- Silver Lining rider gives additional coverage for a specified number of critical illnesses
Education Saving Policy
Is a policy used to cover the cost of educating your children where you receive a lump sum amount at the time of the maturity. It is designed to mature when your child would be eligible to start attend a higher education facility.
Automatic added benefits:
- Child Protection Agreement
- Monthly Income Benefit
Benefits for Your Child:
- In case the parent dies: A benefit of 1% of the sum insured which your child will collect per month. This payment continues until the policy matures. This benefit can be increased to a maximum of 3%.
- Policy matures: Your child receives the sum insured at the desired age.
- Bonus : Additionally your child will collect all accumulated bonuses.
- Guaranteed coverage: Your child has the unique option to purchase a new policy for up to 5 times the original insurance amount up to a maximum limit, regardless of their health and thereby assuring your child is insured to secure financial future.
Benefits for you, the parent:
- In case you become disabled: A benefit of 1% of the sum insured will be paid to you providing financial support if you are totally and permanently disabled due to a sickness or an accident.
- Waiver of premiums : In case of death or disability, then all premiums will be waived and the policy will be kept in force; meaning that your child will remain covered by the sum assured of the original insurance amount.
Additional Coverages:
- Waiver of Premium
- Accidental Death
- Accidental Death and Dismemberment
- Income Waiver of Premium / Disability Protection Rider
Endowment
An endowment policy allows you to receive a lump sum amount either at the time of the maturity of the policy or upon death. An endowment plan helps you to save while protecting your family in case of death. This product is available for Children and Adults.
Additional Coverages:
- Waiver of Premium (Adults)
- Child Protection Agreement (Minors)
- Accidental Death
- Accidental Death and Dismemberment
- Income Waiver of Premium
- Non‑Occupational Accidental Indemnity
- Silver Lining Rider gives additional coverage for a specified number of Critical Illnesses
Term Life
Guaranteed Protector
Education Saving Policy
Endowment
Term Life is insurance coverage for a period as specified by the terms of the policy.
Term Life Product Benefits:
- You can receive cost‑effective coverage with the opportunity to convert to permanent coverage on or before age 70, should your needs change.
- You also have the option to supplement your other life insurance with Term Life insurance when it is needed.
Types of Term
- Term Life cover is offered to a specified age such as term to age 65 or age 80 which expires when you reach 65 or 80 years of age, depending on the length of coverage chosen.
- Term Life cover is also offered for a specified number of years such as term for 10 or 20 years, which expires after the policy has been in force for the specified period selected.
Additional Coverages:
- Waiver of premium
- Accidental death
- Accidental death and dismemberment
- Income waiver of premium
- Non‑occupational accidental indemnity
- Silver Lining rider gives additional coverage for a specified number of critical illnesses
Plan for the retirement you deserve!
Our Annuities plan is designed to give you the peace of mind that comes with ensuring your financial and retirement future is secure. This next‑generation annuity gives you two options, Single Premium or Flexible Premium, so that you can select the long‑term savings plan that works best for your retirement planning!
Single Premium Plan
This type of annuity contract is established with a single lump‑sum payment. The annuity then grows on taxed or a tax‑deferred basis until annuitization, and distributions are only taxed when you take them.
Flexible Premium Plan
Make multiple payments into your contract over a period and watch your assets grow. This plan can be also bought on a taxed or deferred tax basis.
Benefits:
- Your premiums accumulate in a fund until you retire at which point, they can be annuitized to provide monthly income for life!
- Take advantage of available tax benefits
- Flexible premiums with opportunities to make additional deposits which will allow for an increase in retirement income benefit.
- Your accumulation value grows at a competitive interest rate which is guaranteed to never be less than 1 percent.
- Multiple income options with guaranteed rates upon retirement
Single Premium Plan
Flexible Premium Plan
This type of annuity contract is established with a single lump‑sum payment. The annuity then grows on taxed or a tax‑deferred basis until annuitization, and distributions are only taxed when you take them.
The benefits described are subject to the terms and conditions of the policy. For further information, please contact your Pan‑American Life Representative. To the extent permitted by law, the information, products, or names in this presentation, or in any other form of sales/marketing literature are provided without warranties of any kind, express or implied; Pan‑American Life Insurance Group and its member companies, disclaim all express or implied warranties of merchantability and fitness for a particular purpose.
All products and services are sold and underwritten by the Pan‑American Life Insurance Group licensed affiliate in each jurisdiction.
Additional Resources
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