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Maximum Protector Plan

Maximum Protector Plan


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1 year ago
Legal Services For Sale     $5,000 (Negotiable)
Note: Scroll down to see the advertiser contact info below
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Additional Information

The Maximum Protector is a non-medical plan that provides a flexible approach to your personal financial planning needs. The plan is issued to persons between the ages 18 and 60.

The Maximum Protector provides:

  • Critical illness insurance
  • Life insurance
  • Accidental dismemberment and hospital expenses
  • Cash value generated from regular investment premiums
  • Life insurance for dependent children up to age 18 years

a) Critical illness lump sum cash benefit in the event you are diagnosed with:

  • Cancer
  • Heart Attack
  • Coma
  • Paralysis
  • Major Burns

While advances in medicine may mean that you are likely to survive for some time after being diagnosed with one of these conditions, coping with a critical illness will not be cheap. The technology that may save your life can destroy your financial well-being. Recovery is often lengthy and expensive, involving loss of income in addition to the costs of treatment. The lump sum paid by the Maximum Protector is tax-free and will help to ease your financial worries while you undergo treatment and recuperate.

b) Life insurance coverage

50% of the sum insured chosen for the critical illness lump sum cash benefit referred to above

c) 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

*Conditions apply

The total amount payable in respect of Accidental Dismemberment and In-hospital Benefits is 50% of the sum insured. However, the policy remains in force provided that premiums continue to be paid under the terms of the contractual agreement.

The loss of a member is defined as loss of one hand or foot, either severance or total paralysis for a period of at least 12 months or the total and irrecoverable loss of sight in one eye.

The hospital benefit is available twice during the life of the policy; must be for unrelated conditions and should be separated by at least 12 months.

d) 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.

e) Life insurance coverage 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 18 years, at the time of application. This rider pays a benefit of 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 or
  • the anniversary at which the child attains age 18 years, whichever occurs first.

Premiums are paid in accordance with the conditions outlined for the life insured.

Advertiser Contact Info
When you make contact, mention that you saw their ad on Jamaica Classified Online
Anthony
Registered as:
Anthony Smith
Member since:
Jan 07, 2023
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