Circles of Protection

Choose benefits from any of Algico’s 5 “Circles of Protection” to make the combination that is just right for you and your family.

Circle 1 – Double Indemnity Option

Circle 1’s 3 way protection- Accidental Death, Permanent Partial Disability and Permanent Total Disability can be doubled with Common Carrier. Choose Common Carrier including commercial flying or land vehicle only. Either way you get double protection while travelling as a passenger on licensed public conveyances.

Circles 1 provides the following benefits

Accidental Death & Dismemberment - $25,000 - $2,000,000

•  Accidental Loss of Life – Principal Sum
•  Dismemberment – 50/100% Principal Sum
• Permanent Total Disability – 1% Per Month of Principal Sum

Circle 2 –Accident only, and Accident Disability Income Benefit – Max. TT $36,000 per month

Your ability to earn an income is your single greatest asset. We protect this asset against unforeseen accidents & sickness. Accident Disability Income Benefit will pay you the weekly amount chosen up to 75% of your earning not to exceed the local maximum. Circle 2 is only available to employed individuals.

Circle 3 – Accident Medical Expense Reimbursement – max. TT $100,000

Modern Medical care is very expensive. Make sure that you and your family get the best possible treatment for accident medical expenses. When you are injured, you shouldn’t have to worry about the cost. With the Accident Medical Expense Benefit you are assured blanket protection against Medical Expenses caused by Accidents.

Circle 4- Accident & Sickness In-Hospital Income – Max. TT $9,000 per week

The Accident and Sickness Hospital Income Benefit pays you the cash amount selected when you or your family is hospitalized. The cash income starts from the first day of hospitalization and continues for up to 52 weeks. The cash can be used to replace lost income, to assist with family expenses of to help pay or the best possible medical care.

In-Hospital Income Provides:

• Accident & Sickness In-Hospital Income
• Convalescent care Income
• Accident & Sickness in-Hospital Surgical Expense

Circle 5 – Lifetime Income Plan Accident Annuity – Max. TT $10,000 per month

What would happen if your family’s income suddenly stopped due to an accidental loss of life? The Lifetime Income Plan helps you meet the normal expenses of living year in and year out by providing your family with guaranteed monthly cash income that cannot be outlived, in the event that your family’s income suddenly stops due to accidental loss of life. The Lifetime Income Plan guarantees a cheque a month for a lifetime of your spouse if you should suffer an accidental loss of life.