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Individual Legacy Insurance Solutions




Life Insurance

Life insurance is a contract between an insured person (the policyholder) and an insurer (the insurance company) where the insurer promises to pay beneficiary/beneficiaries (as identified by the policyholder) a sum of money when the insured person dies. The policyholder pays a premium as stipulated by the insurer over a designated period of time.


The Magic of Life Insurance

Life Insurance is a piece of paper that guarantees that your earning power is not cut off by premature death ,that your family will continue to enjoy life-long comfort and a good standard of living even after your death and the security this gives you provides peace of mind beyond description.

Life Insurance



Life Insurance


The Friendship of Life Insurance

In many ways life insurance is like a friendship in that:

It builds up valuable reserves
It helps you when you need it most
Its are low cost and its rewards are high
It is renewable and sometimes you can borrow from it
It is for the whole of life
The longer you keep the policy, the more valuable it becomes
It provides powerful benefits to families





What are the DM options?


Demerara Mutual Life offers you renewable term insurance plan. This plan is the first building block of your financial future.


Term Insurance is a cost effective way of ensuring that your partner or your children are not deprived of their family home, it is sufficient to clear the balance of a mortgage.


Term Insurance provides peace of mind, should something fatal happen to you, your dependents will benefit by way of a cash payment.


Those whom you leave behind are financially secured against the loss of earnings, maintaining your family’s standard of living.


Term Insurance gives you the collateral you’ve always wanted to apply for mortgages or major loans. If you are disabled for over six months, Term Insurance can pay the premiums during that time and in case of an accident, your family can receive twice the sum assured.


There are many options with Term Insurance:

  • Term Insurance 5 years
  • Term Insurance 10 years
  • Term Insurance 20 years
  • Term Insurance to age 65

Demerara Mutual Life offers the Universal Life Insurance plan. Universal Life Insurance is a flexible plan to suit your changing needs.


Unlike a traditional life insurance policy, where the death benefit is set in stone and you pay a minimum premium amount each year, with Universal Life Insurance, you can pay premiums as much and as often as you choose. If you are able to make increased payments and you can prove that you are in good health, your Universal Life Insurance Policy will allow you to increase the amount of your death benefit.


If you acquire surplus funds, you can put your excess money into your Universal Life Insurance Policy and jump-start the accumulation of the cash value of your policy. The policy allows for withdrawals but this will however, reduce your death benefit.

Whole Life Insurance often serves as the foundation to any plan. A whole life insurance policy covers you for your entire life, not just for a specific period as in term insurance. The primary benefit of whole life is that a payout is guaranteed. A whole life insurance is a contract with level premiums that has both insurance and an investment component. The insurance component pays a stated amount upon the demise of the insured. The investment component accumulates a cash value that the policy holder can withdraw or borrow against. Demlife has several options for whole life insurance which includes participating and non-participating policies. These products are marketed as Super Life Protectors and Super Protectors insurance life plans.


Demerara Mutual Life offers Critical Illness Insurance, we smoothen the way for you and prepare your family for the unexpected.


Critical Illness Insurance is designed to be paid out as a lump sum benefit, free of income tax, in event that you are diagonsed with any of the serious or critical illnesses as defined in your policy. These include: cancer, multiple sclerosis, kidney failure, stroke and heart disease.


This policy can compensate the loss of your earning power during the time of your illness, make alterations to your home to accommodate you e.g. alter your home if you can no longer use the stairs or pay off the balance of your mortgage which will provide enormous peace of mind should you become unable to earn and therefore unable to continue making mortgage payments.

Demerara Mutual Life offers the Final Expenses Plan which is funeral expense insurance. For a small premium that costs you less than a bus ticket Demerara Mutual will cover your funeral expenses. The Final Expenses Plan helps you make responsible choices for your last expenses on earth.


There are lots of reasons to plan and also provide for your funeral long before the need arises. With this coverage you can plan many details of your funeral including what products and services it will entail. The Final Expenses Plan allows you to have the funeral you want without having to burden your family with the financial aspect of it - especially in the present financial environment where funeral costs are on the rise. There are three (3) types of Final Expenses Plan Plans:

  • G.I.P. Easy
  • G.I.P. Super
  • G.I.P. De Luxe



The Final Expenses Plan will ensure that your loved ones have one less worry during their time of mourning.





Who needs it?

Life insurance is designed to protect your family and any other person/(s) who depend on you for financial support if you. If you die suddenly, what will happen to your loved ones? How will they survive without your income? If you have life insurance your loved ones will benefit by receiving a lump sum (depending on the value of your policy) upon your death. Even if you have no dependents, life insurance can be beneficial since it can cover your funeral expenses.Therefore, life insurance is protection that anyone can have.


How much does it cost?

The price for life insurance(the premium) varies depending on the type of policy you have and the value of that policy.




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