Our Products
We have carefully churned out meaningful and long term beneficial policies both for individuals as well as for businesses, by virtue of our extensive knowledge about the rhythm of life in Cayman Islands. Come to us, and you would definitely find something that suits your needs and priorities any time of the day, any day of the year! We tailor all our products to give you exactly what you require. Here are some pick-outs from the excellent product range that we have to offer you:
Life Insurance
This is one of the most critical requirements that we all need to fulfil. Bad times don't knock doors before coming in. It is wiser decision to stay prepared for any moment, any time and any situation. Life Insurance Cayman equips you with the power to keep your family secured even in those terrible times. We feature a wide variety of Life Insurance Plans for you to choose from, including term life, whole life, traditional and indexed products. Choose one according to your convenience. Premium rates are not a problem with us. Premiums would vary according to the intention of buying the insurance - intentions like wealth enhancement, protecting your assets, leaving a legacy or seeking a cover for a stipulated number of years. The term products that we offer, generally talk about 15, 20 and 30 years guarantee. Premium rates for these term products are extremely competitive and are the best you can find in Cayman Islands. Universal life coverage policies are as great as the term policies. After the completion of the payment tenure, you might be eligible for a lump-sum, amounting up to US $ 250,000 depending on your instalment premiums. We are clean with our processes and applications that have a clear background, are easily accepted and quickly processed. Bureaucracy is non-existent in our system. Providing you with the right protection for your and your family's future is our motto. Buy a peaceful night's sleep without worrying about heavy premium amounts.
Mortgage Insurance
This is another wonderful product. Often, after the main bread owner in a family passes off, his family is left back with an obvious question of how can their home be saved? Many families are forced to sell off their properties due to financial crunches. It is possibly the second most severe trauma to leave the place where you have lived for years, the first being losing the person you have lived for years with! It possibly takes a toll in many more thins as well! Relocation means change of living standards, change of amenities nearby, arriving at an unknown neighbourhood, when you have already lost the soul support of your life. It is way better a decision to prepare for the untold well in advance. Mortgage insurance does that. Mortgage protection life insurance refers to a type of TERM life insurance policy where you pay a non-changing premium for the duration of your mortgage. If something bad happens while the policy is in effect, the insurance pays off your mortgage. The lender can become the Assignee of the policy at the request of the borrower. Mortgage protection insurance cost factors Mortgage protection insurance can be purchased either at the same time you buy a home, or at any time in the future. As with other types of life insurance, your age, smoking status and value of your death benefit (the amount left on your mortgage) are taken into account when a life insurance company reviews your application and sets a price. Mortgage insurance options Mortgage protection insurance policies will only pay the balance of your mortgage at the time of your death to the lender. Depending on your insurance company, joint mortgage protection insurance may be available that covers both you and your spouse and pays out when either of you die.
Final Expense Insurance
Death brings with itself a whirlwind of emotional and financial tumbles. The first expense, after someone passes by in a family, is the cremation expenses. Sometimes, it can amount up to a significant number. With all other kinds of financial burdens make the second family supporter weak, each dime saved, could be a boon. Now, it is upon you to bless your family with this boon. It’s time to save enough for the expenses for your final abode. Free your family from the mental pressure of arranging for money when you are not there! Final Expense Insurance Policy is meant to take care of funeral services and burial when the named insurer dies. Features although the policy is called "final expense insurance," it is no different than a traditional life insurance policy with a small monetary value. Benefits Final expense insurance allows the named insured to feel safe knowing that funeral-related expenses are covered regardless of the statutes of their estate at the time of death. Types The two types of final expense insurance are term life and whole life. Term life insurance covers the insured for a specific time period or until a set age, after which coverage expires. Whole life insurance covers the insured for the remainder of his life. Warning As final expense insurance is a traditional life insurance policy, the named beneficiary could use the proceeds for purposes other than a funeral. As a result, make sure that the beneficiary can be trusted to use the policy to cover funeral expenses.
Key Person Insurance
This is specifically meant for organizations. When an employee passes off suddenly, especially when the position he had been occupying was prime, it is a severe blow to the management. Apart from the intellectual loss that is done to the organization, it is a financial upheaval as well. There is always attached the company expense, invested into recruitment and training. This apart,there is a potential loss that is caused due to the absence of an active participant in business affairs. The loss can be detrimental in terms of sales and profit scales. Customer service might take a halt as also the strategic front. It might seem small on the surface, but it is a big problem actually. Traditionally, there are a small number of companies that cater to this requirement. Life Insurance Cayman does it for you! Key person insurance provides the financial means to stabilize a company during the adjustment period after the loss of a key employee or executive. If your business would be dramatically impacted by the loss of one or more of your top people, key man insurance can effectively protect against this risk. Consider purchasing key man insurance policies to protect your company. You would be saved of a lot of inconvenience and prospective losses.
