Ultra Lifeline
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The Ultra Lifeline plan is an equity linked insurance plan available to anyone between the ages of 20 to 60. It provides a benefit on the early death or if you were to suffer certain serious and potential disabling illness is upon first diagnosis of one of the conditions noted below:
- Cancer
- Heart Attack
- Stroke
- Paralysis
- Coma
- Major Burns
- Blindness
- Deafness
- Loss of Speech
- Coronary Artery Bypass Surgery
- Major Organ Transplant
- Multiple Sclerosis
- Kidney Failure
- Alzheimer's Disease
- Angioplasty
- Artery Graft Surgery
- Benny Gene
- Brain Tumour
- Heart Valve Replacement
- Loss of Limbs
- Motor Neuron Disease
- Parkinson's Disease
Benefits
You may choose any one of four benefits below:
- The death benefit and lifeline benefit are the total of the basic sum insured and the bid value of the units in the Sagicor Cayman Segregated Funds less any indebtedness.
- The death benefit and lifeline benefit are the greater of the basic sum insured and the bid value of the units attributed to the interest fund plus the bid value of the units in the Sagicor Cayman Segregated Funds excluding the interest fund less any indebtness.
- The death benefit is returned to all basic premiums paid plus the bid value of the units in the Sagicor Cayman Segregated Funds excluding the interest unless any indebtedness, and the lifeline benefit is the total of the sum insured and the bid value of the units in the Sagicor Cayman Segregated Funds less any indebtedness.
- The death benefit is the return of all basic premiums paid plus the bid value of the units in the Sagicor Cayman Segregated Funds excluding the interest fund less any indebtedness, and lifeline benefit is the greater of the basic sum insured and the bid value of the units attributed to the interest fund plus the bid value of the units in the Sagicor Cayman Segregated Funds excluding the interest fund less any indebtedness.
Different premium rates apply for each option.