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Whole Life Product (Horizonte)

The Horizon Advanced Planning Program is designed to make it easier to cope with the inevitable formalities and expenses involved at death. These services offer different alternatives to guarantee your family’s peace of mind at the time of your death.


 

Permanent Life Insurance

Persons between the ages of 40 and 85 years are eligible for this Program.
This insurance policy allows you to sensibly plan and control inevitable expenses upon death. You can choose the coverage that best suits you up to $10,000.

 


The value of the coverage provided by this insurance is protected at the time it is taken out, guaranteeing that what you buy today will maintain its value until the end, regardless of increases in costs.


 

Coverages

 


 

Natural Death


Two types of policy are issued:

 


1- Immediate Full Benefits Coverage.


2- Limited Benefits Coverage: In this type of policy, during the first 24 months of the policy, the death benefit will be equivalent to all premiums paid plus 5% interest. After the first 24 months, the death benefit will be the total amount specified in your policy adjusted for inflation.


 

Accidental Death:


An accidental death policy provides the insured with coverage immediately, provided the insured has kept the policy current by paying the premiums.

 


Consumer Price Index Adjustment


After the first year and for the next 19 years, the amount of the insurance will increase in line with the Consumer Price Index (CPI) as published by the US Department of Labor, up to a maximum of six percent (6%) a year.


 

Guaranteed values


Guaranteed values are based on the Initial Death Benefit.

 


 

Loans


If the policy has accumulated cash values, the owner of the coverage may request a loan against said values, providing he or she complies with the eligibility requirements described in the policy.

 


 

Surrender options:


• Paid-up Insurance, automatic option
• Cash Surrender

 


 

Contracts available:


• Single Premium Individuals between the ages of 40 and 85 years qualify.

 

• Policy paid in 5 years Individuals between the ages of 25 and 75 qualify.

• Policy paid in 10 years Individuals between the ages of 25 and 75 qualify.


 

METHODS OF PAYMENT


• Payment in Full

 

• Annual

• Biannually

• Bank Debits (Monthly)


 

How to claim prepaid funeral services


The insured’s family must submit the following documents:

 


• Original copy of the Policy, including the Insurance Certificate and a copy of the Application

• Proof of Payment

• Copy of Birth Certificate or equivalent

• Death Certificate





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