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- Trinidad & Tobago
- Alico Global
Ordinary Life
The Ordinary Life Policy furnishes the maximum in permanent insurance coverage at the lowest possible cost (premium).
Protection is guaranteed during the years of greatest need with flexible options available later on.
A Dividend option is also available with this type of coverage.
Should You the Insured die - a death benefit equal to the face amount is paid to the beneficiary or beneficiaries under your policy.
If in later years the need for Permanent Protection has diminished or ceased, or the Policy Owner be forced to discontinue payment of Premiums through a Financial Setback; the Cash Value may be used to keep the policy in force under the Automatic Premium Loan Provision or, if so requested used as a Net Premium to purchase either a reduced Paid Up Insurance or Extended Term Insurance.
With Ordinary Life you get:
- Insurance coverage for your whole life, or for a limited period
- A Participating (Dividend) and Non-Participating Option
- Cash Loans to the Policy Owner at a Variable Interest Rate determined by the Company.
Who is Eligible?
Persons from Age 0 to 65
Tell me about my Premiums
Premiums are payable during the Lifetime of the Insured or for a limited period and can be paid, annually, semi-annually or monthly
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?
Premiums are level throughout the Lifetime of the policy,once your dividends are not withdrawn your net cash value will increase.
What will happen if I cannot pay my premiums?
Should your policy have Cash value, an Automatic Premium Loan will be applied, however if it does not have Cash Value - your policy will lapse.
How would my loved ones benefit?
In the event that death occurs, your beneficiary will receive the sum assured plus the value of the accumulated dividends at the time of death.
Subject to policy terms and conditions
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