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.

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

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.

What are the DM options?

Future Builder
Demerara Mutual Life offers you the Future Builder renewable term insurance plan.

Life Lines
Demerara Mutual Life offers the Life Lines universal life insurance plan.

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

Rest In Peace
Demerara Mutual Life offers the Rest in Peace Plan (R.I.P. Plan) which is funeral expense insurance.