Maximum Protector Plus

This product is intended to be a long-term contract and the cash values, especially in early years, are frequently less than the total amount of premiums paid.

PLANNING FOR THE FUTURE CAN BE EASY

Get a Quote Key Features of this plan

CORE BENEFITS

The Maximum Protector Plus plan is a 20 Year Term Plan which includes critical Illness coverage, death including accidental death, terminal Illness, and accidental dismemberment and disability. You can decide on your level of coverage and coverage is available in varying amounts to persons between the ages of 18 to 55 years. Persons seeking coverage under this plan will not be required to undergo medical examination.

CRITICAL ILLNESS BENEFITS

The insurance coverage under the policy (‘Sum Assured’) is payable on an initial diagnosis of stroke, cancer, heart attack, paralysis, coma, or major burns after the policy has been in force for at least 180 days. You have the flexibility of choosing one of the 4 coverage levels below:

CURRENCY	LEVEL 1	LEVEL 2	LEVEL 3	LEVEL 4
BBD	20,000	30,000	50,000	100,000

The policy covers the illnesses listed below. For a claim to be approved and paid, the illness must meet its definition under the policy and must be verified by a doctor qualified in an area of medicine appropriate to the illness.

Cancer - diagnosed not earlier than 180 days after the issue or reinstatement of the policy, excluding tumors described as pre-malignant, non-invasive or as cancer in situ, certain types of cancer present while HIV positive and skin cancer other than malignant melanoma.
Heart Attack (Myocardial infarction)
Coma - for a continuous period of at least 96 hours and resulting in permanent neurological deficit except if induced by alcohol or drug misuse.
Paralysis - of two limbs, completely, as a result of injury or disease.
Major Burns - third degree burns covering at least 20% of the body’s surface area having survived for at least 30 days.
Stroke – death of brain tissue caused by thrombosis, hemorrhage or embolism. Transient ischemic attacks (TIA) are excluded.

Please review the terms and conditions of the policy to make sure that you understand who must verify each covered illness and exactly what is covered.

DEATH BENEFIT

If the death of the insured person (the ‘Insured’) occurs during the first year of the policy and is not as a result of an accident, a benefit equal to premiums paid will be payable. If the death of the Insured occurs during the second policy year and is not as a result of an accident, 25% of the Sum Assured is payable as a benefit. If the death of the Insured occurs on or after the second policy anniversary or is the result of an accident, 50% of the Sum Assured is payable as a benefit.

COVERAGE AND COMFORT

Here are details on the four areas of coverage that will lessen your financial worries and provide comfort during a stressful time.

TERMINAL ILLNESS - LIFELINE BENEFIT

Once the policy has been in force for at least 2 years and is not within 6 months of the expiry date, on receiving satisfactory proof that the Insured has a terminal illness, a benefit of 25% of the Sum Assured will be payable. Terminal Illness means an illness diagnosed by a physician for which the prognosis is that the Insured is not expected to live for more than 6 months after the date of diagnosis. If the Insured dies within 6 months as prognosed, a further benefit of 25% of the Sum Insured will be payable. If the Insured does not die within 6 months as prognosed, then the benefit paid during the lifetime of the Insured will constitute an advance on any death benefit for which the Insured may later qualify and will be deducted therefrom, but is not otherwise recoverable by Sagicor.

ACCIDENT-RELATED DISMEMBERMENT AND DISABILITY BENEFITS

In the event that the Insured suffers a qualifying physical impairment caused by an accident, Sagicor will pay a cash benefit as stated below.

EVENTS	BENEFIT
Total and permanent disability	50% of the Sum Assured
Loss of two or more members	50% of the Sum Assured
Loss of one member	25% of the Sum Assured
Loss of thumb	10% of the Sum Assured
Loss of index finger	7½% of the Sum Assured
Loss of any other finger	5% of the Sum Assured

“Total and Permanent Disability” means either a state of incapacity resulting from an accident that prevents the Insured from engaging in any occupation or business for which he/she is suited by education, training or experience and which causes the Insured to be under the continuous care and attendance of a physician; or total and irreversible paralysis of all limbs diagnosed by at least 2 independent physicians which is the result of an accident and has continued for 12 months.
“Member” means a hand, a foot or sight of an eye.
Loss of a hand means severance at or above the wrist joint; or total and irreversible paralysis for a period of at least 12 months.
Loss of a foot means severance at or above the ankle joint; or total and irreversible paralysis for a period of at least 12 months.
Loss of the sight of an eye means total and irrecoverable loss of the sight of the eye.
Loss of thumb, loss of index finger or loss of any other finger means severance of the finger at or above the metacarpophalangeal joint.
Severance means separation occurring not more than 90 days following the accident.

The maximum aggregate amount payable for the benefits listed under this heading is capped at 50% of the Sum Assured.

EXCEPTIONS

No benefit will be payable in respect of events caused by accidents if the injury results, either directly or indirectly, from:

Suicide or self-inflicted injuries;
Committing, attempting or provoking an assault or criminal offence;
Riot, civil commotion, insurrection or war;
Bodily or mental infirmity or illness or disease of any kind;>
the Insured being under the influence of any narcotic, alcohol or drug; or
Travel or flight in, or descent from any aircraft if the Insured is a member of the crew or a pilot of the aircraft, or if the flight is for the purpose of instruction or training or for dropping parachutists.

SURVIVAL BENEFIT RIDER

An optional Survival Benefit Rider may be added to the core benefits outlined above. If all required premiums have been paid and there have been no eligible claims for death or other covered events which occurred before expiry of coverage, Sagicor will pay a benefit equivalent to 50% of the total premiums paid.
This option is only available at the time of application and cannot be added after a policy has been issued.

ELIGIBILITY

If you answer “Yes” to any of the below questions, unfortunately you are not eligible for this plan.

Have you ever been refused insurance or accepted on a rated basis due to medical reasons?
Have you ever been treated for or diagnosed with any form of cancer?
Have you ever been diagnosed with a condition that potentially could be cancerous, such as elevated PSA, abnormal Pap Smear or abnormal biopsy?
Have you ever been treated or diagnosed as being HIV positive?
Have you ever been treated or diagnosed with a Heart Attack or Angina Pectoris?
Have you ever been treated for or diagnosed with Paralysis?
Have you ever been treated for or diagnosed with a stroke?

REINSTATEMENT

If the policy lapses due to non-payment of premium, an application for reinstatement can be made within a maximum of 12 months, after lapse, upon submission of and satisfactory evidence of the good health and insurability of the Insured as at the date thereof. All overdue premiums with interest must be paid at that time in order to receive a Certificate of Reinstatement. Only three (3) reinstatements are permitted.

SELF-DESTRUCTION

If the Insured commits suicide or suffers capital punishment within 2 years of the date of issue or reinstatement of the policy, we will only pay a benefit equal to the amount of premiums paid without interest. This does not affect the applicability of any self-destruction clause included in respect of any other benefit.