Universal Life Insurance
Universal Life is an excellent tool to preserve personal wealth and is designed to provide funds due to unexpected financial situations. A Universal Life plan combines basic insurance protection with an underlying guaranteed interest rate. Such a plan can be used for many different purposes, including: planning for retirement, education funding, family protection, wealth transfer.
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This product is designed for the modern consumer who seeks to protect both family and savings. The plan offers the possibility to establish a reserve fund or cash value.
It offers long-term protection in the event of death until the policyholder’s 94th birthday. It is also a suitable option for retirement planning, education, mortgage collateral, backing of companies or other savings requirements.
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This product is designed for middle income individuals and for small businesses. This particular insurance is unique in that it has a flexible premium with a guaranteed period of no expiration for up to five years as long as the owner of the policy pays the minimum premium in the form of payment agreed.
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Term Life Insurance
Term Life insurance covers individuals for a specified period of time with level premiums. If the policyholder passes away while the Term Life policy is in effect, the insurance company pays the face value of the policy to his or her beneficiaries; if the policyholder outlives the policy, nothing is paid to the beneficiaries and no equity accrues. Term Life insurance is the least expensive type of life insurance available.
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This plan provides low-cost temporary protection for a 5-year term. The policy has level premiums while in effect.
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This plan provides protection for 10 years. Premiums are level during the 10-year term of the policy that is not renewable.
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Group Insurance
Pan-American de Colombia offers you a full range of additional group insurance products and services created to meet the needs of your company and employees.
Group Hospital and Surgical Insurance
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This policy covers hospital expenses for a group of employees working for the same company and their families.
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This policy provides life insurance protection for a group of employees working for the same company through a variety of coverages.
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A customized and cost-effective health plan designed to offer employees and their families the coverage they need at affordable prices. PanaMed is a voluntary health plan provided through the employer. It offers nine different benefit modules that allows the employee to customize and select the best health coverage for their specific financial and family needs.
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The policy of Personal Accidents has been designed to guarantee the protection of our insureds and their families with the correspondent compensations payment, in the case of the insured death or other accidents that have occured while the policy is in effect.
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Additional Product
Economedic (Emergency Medical Assistance)
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Group life insurance policy with a rider that provides limited health care expenses that may be included as a benefit for the company’s employees and their families. Suicide is covered after the first year of the policy.
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