Life Insurance

Life Insurance

Be prepared for life’s changing seasons. A flexible Life Insurance Policy arranged through Shield Insurance guarantees that you’ll be sufficiently covered, protected, and able to help your family maintain financial stability, and pay essential expenses—no matter what happens. Whether your goal is home ownership, accumulating retirement funds, or leaving financial resources for your loved ones, our policies can help to reduce your burdens and worries.

Main Types of Life Insurance Policies

Term Life Policies

This is the most cost-effective and simplest form of insurance, providing your family with the protection they need during the “term” of your policy. Coverage can be purchased for a specified period (e.g., 20 years) for which protection is needed. It is ideal for persons with a temporary need for life insurance. A Term Life policy can also be converted to a permanent policy at the end of the term, though it typically lacks a savings component.

Permanent or Whole Life Policies

For lifelong protection, this is the most appropriate form of coverage. Permanent policies offer guaranteed death benefits, level premium payments, and coverage that will never be canceled as long as premiums are paid. Whole Life is an essential estate planning tool, providing mortgage protection and funding for retirement and education.

Variations of Life Insurance Policies

Burial Society Plan

Ideal for groups of 25 or more members of organizations like churches or civic groups, this plan offers affordable burial coverage with no medical examination required.

Final Expense

This plan covers the financial obligations related to funerals, legal fees, and outstanding medical expenses, relieving your family of stress. It can be purchased in addition to traditional life insurance to ensure that life insurance proceeds go toward living expenses. No medical exam is needed.

Annuities

An annuity is an investment plan with no life insurance component, offering guaranteed income later in life. It’s ideal for retirement, savings, investments, and even a child’s college education.

Children’s Bonus Plan

This plan provides life insurance for children with annual cashback options. Once fully paid, coverage continues for their entire lifetime.

Endowment Policies

Endowment policies are designed to pay a lump sum after a specific term or upon the insured’s death before maturity. They are often used for saving toward college funds or retirement.

• Endowments payable at age 18 or 20: Specifically for children’s education.
• Endowments with maturity at 20 or 30 years (up to age 65): Suitable for retirement or special projects.

Universal Life

A Universal Life policy offers maximum flexibility with an adjustable sum insured. You can adjust coverage to suit your needs, control payment amounts and frequency, and make withdrawals or increase contributions as required. Interest rates can appreciate in these plans, boosting savings.

Health Insurance

Your health is your wealth! Naturally, you want to take every precaution to ensure that your days are long and you are able to enjoy a decent quality of life well into your retirement years. Protecting your health with routine check-ups and having access to quality healthcare when needed is not a luxury, but a sound investment in maintaining your optimum health.

You can decide now to fully protect yourself and your family by safeguarding your health with a Health Insurance policy designed with your unique needs and specific stages of life in mind.

Whether you are looking to provide Health Insurance for yourself, your family, or as an employer looking to offer attractive benefits to your employees, we’re here to serve you. Shield Insurance offers both individual and group clients the most comprehensive health insurance plans, ensuring that your needs are met while delivering the best value for your money.

Enjoy access to preferred health care providers and top-quality medical care both locally and internationally.

Top Ways Health Insurance Can Help:

• Major illnesses and injuries that can have a catastrophic financial impact on you and your family
• Transportation services for emergency evacuation via air and ground ambulance
• Outpatient diagnostics
• Inpatient/outpatient surgery
• Emergency Room treatment
• Preventative care, such as annual physicals
• Diagnostics
• Medication
• Maternity care
• Repatriation of remains from abroad
• Vision & Dental (not featured in all plans)

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This information provides a general overview of the types of coverage available. For more specific details and policy terms, please consult with one of our authorized insurance representatives and review your insurance contract.