Pan-American Life Insurance Company – Honduras Branch

Pan-American Life entered the Honduran market in 1944 when the company began to operate in the cities of San Pedro Sula and Tegucigalpa. Pan-American Life has stood out as a pioneer and leader in the individual and group insurance market, offering one of the largest investment portfolios in the country, creating savings and working capital for thousands of Hondurans.

Financial User Protection Law

Providers Network

Financial Statements

2011

Universal Life Insurance

Our universal life insurance portfolio includes two plans that are flexible in premium payments, savings and protection –each at a competitive cost with insurance protection and additional benefits to cover all the needs during the life of the insured.

Flexible Life Insurance - Plan I

This policy may be used to meet life insurance needs of any kind when the policyholder seeks attractive and long-term savings (cash value). Because of its features and additional benefits, Flexible Plan I is one of the most flexible plans available in the market in the payment of premiums, savings and protection.

Flexible Life Insurance - Plan II

A policy that offers attractive savings (cash value) for intermediate and long-term savings goals. Because of its features and additional benefits, Flexible Plan II is a flexible product in the payment of premiums, savings and protection that can be customized to meet client's needs.

General conditions

Plans with insured amounts from $25,000 onwards.

Coverage: For males and females/ smoker and non-smoker.

Payment methods: Annually, semiannually, quarterly and monthly. There is also payment with pre authorized credit card charge, Extrafinanciamiento / Ahorro Club or payroll discount.

Coverage:
- Agreement for Disability premium exception.

Some advantages:

- Adapted to economic needs when reaching retirement age
- Coverage, premiums, and Flexible benefits adapted to financial possibilities
- Savings benefit that allows it to academic preparation needs
- Financial security to the beloved ones
- Payment mode made easy with monthly amounts through credit card charge, extrafinanciamiento /ahorro club, or payroll discount
- Loans available for emergency needs
- Attractive interest rate and guaranteed rate
- Flexible coverage and premiums
- Leveled or increased protection, based on needs

Group Insurance

Pan-American Life offers you a complete range of additional group insurance products and services, created to meet the needs of employers as well as its employees.

Life Insurance

This plan offers protection without geographical limits.
General Conditions

Policy designed to give protection with no geographical limits, with coverage in and outside your trade, available in U.S. Dollars and local currency.

Insurance provided by this policy cannot be transferred or handed over.

Some advantages:
- Conversion privilege
- Burial expenses coverage for the principal insured and his dependents
- Any insured, while covered under this policy, can change his beneficiary from time to time
- Annual premiums, payable annually, semiannually, quarterly, monthly, or bi-weekly payments
- 30 days grace period for the complete premium payment
- Annually renewable policy
- Premium exception for total disability
- Monthly income for total disability
- Death and accidental dismemberment (MYDA)

Dental Plan

This plan comprises a wide variety of dental benefits, including preventive, restorative and orthodontic treatment.

Accident Medical Insurance

This plan refunds medical expenses incurred by the policyholder in the event of an accident.

General conditions

Policy that offers coverage to deal with basic health needs, as with related unexpected situations. This plan guarantees medical expense reimbursement incurred by the insured as a consequence of having received medical services related to an accident or an unforeseen disease.

Some advantages:
- Coverage for dependent family members
- Wide and exclusive local Providers Network
- Medical expenses by accident coverage
- Local coverage
- Deductible transfer

Health and Accident Medical Insurance

This plan refunds health care expenses incurred by the policyholder in the event of an accident or illness.
General conditions

Policy that offers coverage to deal with basic health needs, as with related unexpected situations. This plan guarantees medical expense reimbursement incurred by the insured as a consequence of having received medical services related to an accident or an unforeseen disease.

Some advantages:
- Optional dental coverage, including a wide variety of benefits depending on the client’s needs
- Coverage for dependent family members
- Wide and exclusive local and international Providers Network
- Burial expenses coverage for the principal insured and his dependents
- Medical expenses coverage adapted to the companies’ needs
- Optional labor obligation coverage
- Medical expenses by accident coverage
- Local and International coverage
- Deductible transfer
- Preventive vaccine treatments (Healthy infant control)
- Maternity coverage
- Individual policy conversion option

MiniMed

This product offers life and medical expenses insurance to companies requiring coverage for a group of 5-25 employees.

General conditions

Life and health policy aimed at companies whose number of employees is small (Small and Medium size companies), with 3 coverage options, choosing the most convenient one for your company.

Some advantages:
- Monthly payments
- Preexistence coverage after a 12 months period
- Unique renovation date
- Central American or world coverage
- Maternity coverage
- Life insurance from Lps. 75,000.00
- Labor obligation coverage
- Burial expenses coverage for the principal insured and his dependents

Individual Health Insurance

Pan-American Life offers individual health insurance with attractive benefits and services that includes coverage for medical expenses, dental and a life insurance policy

Panamedic

Panamedic is an individual insurance plan that offers individual or family coverage.

General Conditions

Individual Health policy offering various insured amount options, according to the needs and financial capability. This policy covers the principal insured, his partner, and his child, as long as they depend financially from their parents.

Premium can be paid monthly and can have benefit transference; meaning that it is a plan designed to offer coverage during the whole policy holder lifetime, because it does not have a maximum age.

Some advantages:
- Death, dismemberment, and sight loss by accident benefit (MyDA) includes double benefit for a qualified death
- Burial expense benefit for dependents with an established amount in the Insurance Table, payable to the principal insured in the case a dependent dies
- Calendar year deductible
- Coverage for dependent family members, including single child that depend financially from their parents
- Coverage change according to you need
- Ambulance service covered, by aerial or terrestrial way
- Wide and exclusive local and international Providers Network
- Preventive vaccine treatments (Healthy infant control)
- Maternity benefit
- Optional dental coverage
- Child insured as dependent younger than 25 years old, that marry, have the right to automatic coverage as a principal insured, after filling required information

Seguro Internacional de Gastos Médicos Mayores

Pan-American Private Client was created as a concept to cater its products and services to a very exclusive and demanding clientele that acquire the Major Medical polices. Our goal is to offer a service that is delivered through an experienced and dedicated group of professionals who are always ready to provide the very best customer experience and through the support of an extensive net of medical providers.

Pan-American WorldAccess

Offers an open pass to the best hospitals and physicians in the world. It will provide each member insured under the policy, with up to $5,000,000 of coverage per year, an amount that resets every policy year.

Pan-American PreferredAccess

Offers access to high rated hospitals and doctors all around the world. It will provide you and each insured in your policy with up to $2,000,000 of coverage per year, an amount that resets every policy year.