Flexi-Term

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Flexi-Term is unique – Why – by Term Policy with a fix number of years when you can get a Flexi-Term Policy with the exact term to fit your individual needs? Introducing Flexi-Term international term insurance from Sagicor Capital Life Insurance Company.

With other insurance companies, you typically have to select from a limited number of term options when purchasing term life insurance, usually 10, 20 or 30 years. This means that you may be paying for insurance that you really don’t need. But Sagicor Flexi-Term is unique. Why? With Flexi-Term you determine the policy duration based upon your personal needs. Policy terms can range from 10 years up to 52 years depending on your age.

Flexi-Term is the perfect solution whether you have just started a family, are securing a mortgage, or protecting a child’s education. Flexi-Term is also a great way to protect your business from creditors or the loss of a key person.

Flexi-Term Features

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Term-100 Life Insurance

Term Protection that is Permanent Protection up to age 100 years. Making the right decision when purchasing life insurance means finding the right insurance product to fit your unique life situation.

Fortunately, there are many options to choose from. A good starting point in determining which life insurance is best suited for you is to figure out how long you will likely need the protection.

While protection policies such as a 10 and 20 year term life policy offers protection for the short term to mid-term, many people require insurance protection over their entire life.

Term 100 will protect the holder up to age 100 years, as long as the premiums are paid on a regular basis. And, since the Term-100 does not provide cash surrender values, it is generally more affordable than typical permanent life insurance as the cash surrender value components are costly.

Flexi-100 Features

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Optional Term Riders Provide Extra Protection

Accidental Death & Dismemberment (AD&D)

Available for Flexi-and Term-100

The Accidental Death & Dismemberment Rider pays an additional death benefit to the beneficiary if the death occurs prior to the anniversary date nearest to the Insured’s 60th birthday, and the death was a result of an accident.

Also an additional dismemberment benefit will be paid to the Insured upon suffering any of the losses detailed in the accidental death and dismemberment Schedule of Losses in the Flexi-Term or Term-100 Policy Contract. The minimum benefit for the AD&D Rider is $50,000.00. The maximum rider benefit can not exceed two times the base policy’s face amount or $500,000.00, whichever is greater.

Total Disability Waiver of Premium Rider (TDWP)

Available for Flexi-and Term-100

The Total Disability Waiver of Premium Rider provides protection, if before age 60, the insured becomes continuously disabled for at least six (6) months, then the premium for the Basic Term Coverage, TDWP Rider, AD&D Rider, Return of Premium Rider, Children’s Term Rider and Policy Fee will be waived. During the Insured’s continued disability, the company will continue to waive these premiums until the policy anniversary nearest to the Insured’s 60th birthday. (Waiving of premium for Riders only apply to the Riders chosen by the Insured).

Children Term Rider

Available for Flexi- Term only

The Children Term Rider provides a level amount of term insurance of $10,000.00 on any child, stepchild, or legally adopted child of the insured. To be eligible, the child must be 6 months to 17 years of age on the date of the application. After this date, any child born to the Insured or legally adopted by the Insured can be added for an additional premium. (Adopted children must be 27 years of age or younger).

Premiums vary by issue age and sex only and are charged per child. There is no maximum number of children that can be covered. The term on this rider is the same as the Insured’s. If the Insured dies while this rider is in force, the level term insurance on each child becomes fully paid-up term insurance and will terminate on the child’s twenty-fifth (25th) birthday.

Universal Life Policy

The Universal Life Insurance is a U.S .Dollar international universal life insurance policy offering asset protection and high cash earning potential to individuals seeking to secure the future for themselves and their beneficiaries. The policy is available to individuals residing outside of the United States and available to those residing in almost every country with few exceptions.

Key Advantages

Ideal Uses

Individual Wealth Protection, Accumulation and Transfer

Individual Estate Planning

Business Key Person Coverage

Death Benefit Options

There are two Death Benefit Options available with the Sagicor Capital Life’s International Universal Life Policy.

Changes in the Death Benefit Option may be made after the third policy anniversary. Evidence of insurability will be required for a change from Option I to Option II. The effective date of the change will be the monthly anniversary following the receipt of the request for change. Only the change per any twelve-month period is allowed.