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PANAMA

Pan-American Life Insurance de Panamá, S.A.

As one of the largest and oldest markets of Pan-American Life Insurance Group, Panama has become a model for the Central American region.

Since its opening in 1912, Pan-American Life Insurance de Panamá, S.A., has offered life, health, individual and group insurance products. The most important factor in the sales of individual life insurance has been the marketing of universal life products that are flexible and varied. At the same time, the company offers one of the best products of group insurance in the market thanks to its adaptability and to the custom design created to meet the needs of the clients.

The market is designed for medium and large businesses; nonetheless, Pan-American Life of Panamá also offers individual plans that were developed as an option to convert clients that already have group plans.Among its accomplishments, Pan-American Life of Panamá distinguished itself for being one of the first insurance companies to manage the health benefit plans for the retired employees of the Panama Canal and for being the pioneer of medical provider networks (hospitals, physicians, and laboratories) in the country.

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Life

  • Universal Life
    We provide Universal Life insurance plans that are flexible, easy to understand and competitively priced.
    • Pan-American LifeAccess: This plan has been designed to provide flexible premium payment options for the longest possible term. Pan-American LifeAccess allows you to maintain your current lifestyle and financial stability while giving you access to a secure future. By obtaining a Pan-American LifeAccess policy, you have the option of accumulating cash payments. Upon reaching retirement age, you may have access to use your accumulated values. Pan-American LifeAccess offers parents a flexible option to satisfy the funding needs for their children's education through partial policy withdrawals.
    • FlexiLife V: This policy meets the life insurance needs of the policyholder who seeks attractive and long-term savings (cash value).
    • FlexiLife VI Plus: This policy that offers attractive savings (cash value) for intermediate and long-term savings goals.
    • Trust Life: Universal Life insurance with a flexible, minimum premium, comparable to term life plans with a minimum guaranteed interest rate for the first two years.
  • Term Life
    Our Term Life insurance policies have guaranteed, affordable, level annual premiums, and offer the possibility to convert to a permanent protection plan available from the company.
    • 20 year term: Insurance policy with 20-year level premiums.
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Personal Accidents

Executive Insurance

• A product comprised of three plans designed to offer support and protection for international business trips

• Supplemental coverage for unexpected events in over 150 countries around the world

• A comprehensive network of hospitals and medical providers along with air, ground and marine ambulance services

• A Professional team readily available to offer assistance and solutions

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Group

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.

  • FlexiMedic: This plan covers expenses for various medical treatments and includes a life insurance benefit.
  • Accident Medical Insurance: This plan refunds medical expenses incurred by the policyholder in the event of an accident.
  • Dental Plan: This plan can be added to health and life insurance plans, offering a variety of benefits and services including preventive, restorative and orthodontic treatment.

Hospital/Doctor Search within the United States
Through their facilitators, Pan-American Life Insurance Group offers access to a wide range of doctors and hospitals throughout the United States that policyholders with international coverage can access based upon the individual benefits of the policy.

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Business

Key Executive Planning: An effective way to protect against negative financial effects and provides clients and creditors with security concerning the future of the business upon premature death of a key person.

  • Partners Insurance: Designed to help with obligations, transfers, funds, terminations and settle details of the parties involved.
  • Key Man Insurance: Designed to indemnify business for the death of a key man or the loss of his or her skills and experience.
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Specialized Products

Mass marketing and micro insurance products offered by members of the Pan-American Life Insurance Group are geared toward financial institutions, micro credit and debit/credit card issuers; private colleges and universities; department stores; and utilities such as water, electricity, telephone and cellular service providers.

Our goal is to offer a variety of products that are easy to understand, and at a reasonable cost, to broader segments of the population.

Some of the micro insurance products that are ideally suited to be distributed via mass marketing techniques are Income protection, in-hospital daily benefits, critical illnesses and accidents.

In addition, we have key staff members with a wealth of knowledge and expertise in the areas of mass marketing and micro insurance, with specialized software available to successfully administer this specialized business.

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Multinational Solutions

In an increasing globalized and ever changing world, multinational companies require innovative solutions and adequate strategies that will allow them to satisfy the personal needs of their workforce.

Pan-American Life specializes in providing multinational corporations with high quality benefits and services for employers and their families.

Pan-American Life’s international programs are coordinated by a team of local experts in each country.

Our Advantages:

  • Coverage is customized according to the region and company policy
  • Consistent, top notch Pan-American Life service standards in all countries
  • Solutions through local, regional and multiple options programs of international and captive “pool”
  • Centralized negotiations in your city or region
  • Policyholders receive reimbursements in their country of residence and in their local currency
  • Immediate access to the PALIGMED medical provider network in each city
  • On-site clinics to personalize your preventive care, wellness and disease management programs
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Mass Marketing

Mass marketing and micro insurance products offered by members of the Pan-American Life Insurance Group are geared toward financial institutions, micro credit and debit/credit card issuers; private colleges and universities; department stores; and utilities such as water, electricity, telephone and cellular service providers.

Our goal is to offer a variety of products that are easy to understand, and at a reasonable cost, to broader segments of the population.

Some of the micro insurance products that are ideally suited to be distributed via mass marketing techniques are Income protection, In-Hospital daily benefits, Critical Illnesses and Accidents.

In addition, we have key staff members with a wealth of knowledge and expertise in the areas of mass marketing and micro insurance, with specialized software available to successfully administer this specialized business.

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International Major Medical

Seguro de Salud Individual Pan-American WorldAccess: Seguro de Salud Individual Pan-American WorldAccess, offered through Pan-American Life Insurance de Panamá, S.A. offers an open pass to the best hospitals and physicians in the world. Just choose the hospital or doctor and we will coordinate your treatment. It’s that simple. With Seguro de Salud Individual Pan-American WorldAccess you have an endless choice of providers, from the top rated U.S. hospitals to the best hospitals in your home country.

Seguro de Salud Individual Pan-American WorldAccess will provide you, and each member in your policy, with up to $5,000,000 of coverage per year, an amount that resets every policy year. As a Seguro de Salud Individual Pan-American WorldAccess insured you and your family will have the health coverage you need to offset a major medical condition and potentially prevent a stressful financial situation.

Seguro de Salud Individual Pan-American PreferredAccess: Seguro de Salud Individual Pan-American PreferredAccess, offered through Pan-American Life Insurance de Panamá, S.A. gives you 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.

Seguro de Salud Individual Pan-American PreferredAccess was designed to help you save on your premiums, as per policy terms, by passing on the savings the company obtains through its Pan-American Private Client network of preferred providers.

When seeking medical treatment for an elective procedure within the U.S., Seguro de Salud Individual Pan-American PreferredAccess insureds can choose from a list of top rated U.S. Hospitals. As a Seguro de Salud Individual Pan-American PreferredAccess insured you will have the choice of any hospital or doctor in the world, including your home country. There are significant advantages when treated in one of our preferred providers. Advantages include, no additional out-of-pocket expenses after you meet your annual deductible and guarantee direct payments to hospitals and doctors.

For emergency treatments, Seguro de Salud Individual Pan-American PreferredAccess insureds have access to any hospital or doctor outside the network in the U.S.

For more information about Seguro de Salud Individual Pan-American WorldAccess and Seguro de Salud Individual Pan-American PreferredAccess, please contact your insurance agent, call (507) 836-5075 or, contact us directly for your specific concerns:

General Information and Service: serviciopan@palig.com
Policy Management and Risk Selection: evaluacionpan@palig.com
Medical Issues and Emergencies: notificacionespan@palig.com
Medical Records and Claims: reclamospan@palig.com

Underwriting of the life and health insurance products will be managed through Pan-American Life Insurance Group’s member companies.

Seguro de Salud Individual Pan-American WorldAccess
Hospitalization
Other Benefits
Outpatient Treatments
Maternity
Room and board, per day 100% 
Intensive care unit, per day 100%
Surgeon and assisting physician fees 100%
Anesthesiologist fees 100%
Medications 100%
Laboratory tests, pathology and diagnostic imaging 100%
Cancer treatment 100%
Dialysis 100%
Prosthesis and corrective devices 100%
Companion of a hospitalized minor, per night $300
Organ transplants, per lifetime $1,000,000
Ambulance - air and ground $150,000
Congenital or hereditary conditions before age 18, lifetime $1,000,000
Congenital or hereditary conditions on or after age of 18 100%
Preventive health checkup $300
High risk hobbies and amateur sports 100%
Emergency dental treatment 100%
Hospice care 100%
HIV/AIDS per lifetime $500,000
Repatriation of human remains 100%
Complimentary therapy, maximum 20 days 100%
Podiatric 100%
Life insurance benefit for the main insured $25,000
Visits to physicians and medical specialists 100%
Emergency room visits 100%
Cancer treatment 100%
Laboratory tests, pathology and diagnostic imaging 100%
Dialysis 100%
Medications 100%
Physical therapy and rehabilitation, maximum 60 days 100%
Home health care, maximum 60 days 100%
Durable medical equipment 100%
Normal maternity and healthy newborn care per event for normal delivery, elective C-section, prenatal treatment and up to 5 well baby care visits per newborn. $7,000
Complications of pregnancy and ill newborn per lifetime will be paid for maternity complications and newborn complications of birth. $1,000,000
Seguro de Salud Individual Pan-American PreferredAccess
Hospitalization
Other Benefits
Outpatient Treatments
Maternity
Room and board, per day 100%
Intensive care unit, per day 100%
Surgeon and assisting physician fees 100%
Anesthesiologist fees 100%
Medications 100%
Laboratory tests, pathology and diagnostic imaging 100%
Cancer treatment 100%
Dialysis 100%
Prosthesis and corrective devices 100%
Companion of a hospitalized minor, per night $100
Organ transplants, per lifetime $350,000
Ambulance - air and ground $50,000
Congenital or hereditary conditions before age 18, lifetime $300,000
Congenital or hereditary conditions on or after age of 18, lifetime $1,000,000
High risk hobbies and amateur sports, lifetime $250,000
Emergency dental treatment 100%
Hospice care 100%
Repatriation of human remains 100%
Visits to physicians and medical specialists 100%
Emergency room visits 100%
Cancer treatment 100%
Laboratory tests, pathology and diagnostic imaging 100%
Dialysis 100%
Medications $6,000
Physical therapy and rehabilitation, maximum 30 days $6,000
Home health care, maximum 30 days $6,000
Durable medical equipment $6,000
Normal maternity and healthy newborn care per event for normal delivery, elective C-section, prenatal treatment and up to 3 well baby care visits per newborn. $4,000
Complications of pregnancy and ill newborn per lifetime will be paid for maternity complications and newborn complications of birth. $500,000
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PALIGMED Medical Network

PALIGMED
PALIGMED Traveler

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Aggregate Value Program

Aggregate Value Program

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Online Inquiries

Online Inquiries

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Financial Statements

Company financial statements corresponding to year 2013 
PALIG
PanaPan

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Individual Health

Pan-American Life offers you a complete range of additional individual insurance products and services, created to meet the needs of clients.

  • FlexiCancer: This is an exclusive plan providing cancer protection and care.
  • Health Trust: This individual insurance plan offers life, health and funeral and repatriation expense benefits for individual or family coverage.

Hospital/Doctor Search within the United States
Through their facilitators, Pan-American Life Insurance Group offers access to a wide range of doctors and hospitals throughout the United States that policyholders with international coverage can access based upon the individual benefits of the policy.

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José Antonio "Tony" Eleta
Country Manager

Pan-American Life Insurance de Panamá, S.A.

Calle 50 and Aquilino De La Guardia
Zip code: 0816-01088
Panamá, República de Panamá
Telephone: (507) 208-8000
Fax: (507) 208-8001
servicioalasegurado@palig.com

© 2014 Pan-American Life Insurance Group. All Rights Reserved.

© 2014 Pan-American Life Insurance Group. All Rights Reserved.