At Lloyd, we care about you and your family. We
know that you have questions about how to protect your family and your
future. We are committed to providing policies that help families achieve
and maintain a higher quality of life. That is why we offer you different
levels of life insurance.
Beyond our products and services, we are devoted
corporate citizens, committed to making a difference in our community.
Life insurance
is for the living. It gives you and your loved ones:
-
A
financially secure future
-
Life's
necessities and the little extras
-
A good
night's sleep
In addition to
providing death benefits so your loved ones can carry on financially without
you, certain types of life insurance can build cash value to secure your own
financial future. Life insurance benefits help:
-
Satisfy
final expenses
-
Replace
income after a breadwinner's death
-
Send
children to college
-
Pay off a
mortgage or business loan
-
Build
financial security
Term Insurance (Temporary Life Insurance) — this type of
insurance offers protection at the lowest possible cost for a specified term
or period. It covers your temporary needs and is generally more affordable
than other plans. The policyholder pays premiums for a temporary period of
time and it is the obligation of the insurance company to pay the insured
amount to the beneficiaries, in case of death, for as long as the policy is
in force.
Term Insurance
is for people who want:
-
To
supplement life insurance from work
-
A fixed
benefit amount for a specific period of time
-
Affordable
premiums
-
A death
benefit protection with an option to refund premiums if the policy is
never used
-
Insurance
from a trusted company
To adapt to a
family's changing needs, in-force term life insurance may be converted to
permanent life insurance without additional evidence of insurability.
Permanent Life Insurance – Also known as full life
insurance. This insurance is designed for persons who wish protection
throughout their lifetime. The beneficiaries will receive the insured amount
when the policyholder dies, without taking into consideration the term or
age, as long as the policy is in force.
There are two types available:
- Limited payments (for 10 or 20 years).
- Lifetime Payments.
These plans are designed for people who need to be protected, but also need
to save. This insurance plan is based on the purchase of temporary
protection plus one that capitalizes at the end of the purchased term plan.
The payment of premiums is made during the term of the policy.
