Total Protector
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Total protectors and nonmedical plan that provides a flexible approach to your personal financial planning needs. This plan is issued to persons between the ages of 18 and 60. it provides:
- Critical illness insurance
- Life insurance
- Accidental Dismemberment and hospital expenses
- Cash value generated from regular investment premium
- Life insurance for dependent child(ren) up to age eighteen (18) years
Features of the Total Protector
Critical Illness Insurance
A critical illness lump sum cash benefit in the event you are diagnosed with:
- Cancer
- Heart Attack
- Coma
- Paralysis
- Major Burns
Four (4) options for coverage are available to suit your needs: $20,000, $30,000, $40,000 and $50,000. The maximum sum insured per Life insured is $50,000.
Life Insurance Coverage
Fifty percent (50%) of the sum insured chosen for the critical illness lump sum cash benefit referred to above.
Accidental Dismemberment and In-Hospital Benefit
In the event that the Life Insured suffers loss arising from an accident, a cash benefit will be paid in accordance with the following schedule:
| EVENT | BENEFIT |
|---|---|
| Total and permanent disability | 50% of the Sum Insured |
| Loss of two or more members | 50% of the Sum Insured |
| Loss of one member | 25% of the Sum Insured |
| Loss of thumb | 10% of the Sum Insured |
| Loss of index finger | 7.5% of the Sum Insured |
| Loss of any other finger | 5% of the Sum Insured |
| Admission to a hospital for at least 7 days | 5% of the Sum Insured |
Future Cash Values
You have the option to pay Regular Investment Premiums into an Accumulated Fund and receive strong and competitive investment returns. Ninety-one percent (91%) of each Regular Investment Premium is invested into the Accumulated Fund. Interest is credited each month to the Accumulated Fund as determined by the Company from time to time.
Life Insurance Cover for Your Children
For an additional premium, the Life Insured may choose to purchase insurance on the life of any named child who is below age eighteen (18) years, at the time of the application. This rider pays a benefit of twenty-five percent (25%) of the sum insured chosen for the critical illness lump sum cash benefit, in the event of death of the child. The rider terminates:
- At the death of the Life Insured
- The death of the Child
- The anniversary at which the child attains age eighteen (18) years, whichever occurs first. Premiums are paid in accordance with the conditions outlined for the Life Insured.