INDIVIDUAL plans are structured for a single person or families.
CORPORATE plans, as its name states, are programs purchased by a business. These policies ensure the well being of the business employees and their dependents.
Just like with Healthcare, Life insurance is also offered to individuals and corporations.
It covers death by any cause, anywhere in the world, at any time. The policyholder can determine who is to receive compensation in case of death.
There are several types of PERSONAL plans that are structured according to the insured age and needs.
- Term: has an end date, once it reaches that date, coverage ends.
- Universal & Savings: serves as a savings account that accrues interest over time which later can be used for retirement, education and any other expenses the insured may have.
- Partnership: if one of the partners of a business was to pass away, this insurance allows the other partners to buy the shares.
GROUP or CORPORATE plans can be bought by business for its employees or partners. Plans are structured providing specific coverage and value according to the company’s needs.