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- Trinidad & Tobago
- Alico Global
Convertible Term
Convertible Term Insurance provides low cost insurance protection for the individual who wishes greatest protection at a low initial cost.
This type of plan should be used for temporary protection only and changed to a permanent plan of insurance as soon as it is convenient.
Algico offers Convertible Term policies for 5, 10, 15, 20 and 25 year periods and to ages 55, 60 and 65.
These plans are non-renewable, but are convertible at any time within 5 years, the 10 year within 7 years, the 15 year within 10 years, the 20 year within 15 years and the 25 year within 20 years.
With the Single Premium Annuity you can get:
- To invest your windfall for high returns
- Guaranteed Earnings and Excess Earnings
- The option of Long Term or Short Term Investments ( Minimum 5 years)
- Payments for specified periods or life or both
Who is Eligible?
Persons from age 16 to 75
Tell me about my Premiums
One payment only can be made
What are my Payment Methods?
Premiums can be paid directly to our Cashiers or via, Salary Savings, Bankers Order Deductions or Post Dated cheques
Can I increase my cash accumulation?
Cash Accumulations are increased when you are credited interest above the guaranteed rate
What will happen if I cannot pay my premiums?
Only one premium payment is required
How would my loved ones benefit?
In the event that death occurs, your beneficiary will receive the value of the fund accumulation at the time of death.
Subject to policy terms and conditions
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