Affordable Fixed-Term Insurance Plan
Affordable financial protection to cover your family’s urgent needs.
TERMLife Insurance provides fixed-term coverage for the selected period. It is designed to meet your family’s urgent expenses (mortgage, income, etc.) at an affordable price. The proceeds of the policy are payable to the designated beneficiary(ies), or your estate, on your untimely death.
Take comfort in knowing that you are providing for your family to ease their burden with unfinished business or unpaid bills. Whether it is funeral arrangements or outstanding loans and taxes, the proceeds can help facilitate a smooth transaction.
TERMLife provides level coverage as follows:
- 10 Year Level Term
- 15 Year Level Term
- 20 Year Level Term
- 25 Year Level Term
- Level Term to age 60
- Level Term to age 65
- Level Term to age 70
- Level Term to age 85
All Term Plans have the option to be converted to a permanent plan before the age of 60 or 3 years prior to the expiry date of the plan, whichever comes first.
OPTIONAL BENEFITS
- Accidental Death – In the event of accidental death, an additional amount, as stated on the policy, is paid
- Accidental Death and Dismemberment – In the event of death or dismemberment due to an accident, the amount shown in the following Table of Losses and Benefits will be paid.
- Total Disability Waiver of Premium – In the event that you become totally disabled, the basic premium due will be waived to ensure that your policy remains in force.
TERMLife LOSSES AND BENEFITS
| LOSS OF | BENEFIT |
|---|---|
| Life | Sum Insured |
| Sight in both eyes | Sum Insured |
| Both hands or both feet | Sum Insured |
| Sight in one eye and either a hand or foot | Sum Insured |
| One hand and one foot | Sum Insured |
| One hand or one foot or sight in one eye | One half the Sum Insured |
| Thumb and index finger of one hand | One quarter the Sum Insured |
Conditions Apply.
For more information contact your TATIL Life Advisor or send an email to [email protected]