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IC+ International Term Life Insurance
IC+ International Term Life Insurance addresses the challenges of international relocation, living and working. It is capable of providing life insurance coverage while you live and work in many countries in the world. In addition to term life insurance, IC+ also provides 24 hour travel assistance services.
| Policy Maximum |
IC+ International Term Life Insurance provides maximum coverage amounts of up to US $ 2, 000, 000 |
| Deductible |
Nil |
| Co-insurance |
- Outside the U.S. and Canada:
Nil
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| Coverage Options |
Choice of Basic plan, Terminal Illness plan, Double Indemnity plan, maximum coverage of $2million plan and a 10 years term available. |
| Plan Life |
Up to ten year terms are available. |
| Underwriter |
IC+ International Term Life Insurance is underwritten at Lloyd's the oldest and largest insurance market. |
| Claims Administrator |
IC+ International Term Life Insurance is administered by Multinational underwriters® |
Eligibility:
Applicants must meet standard underwriting guidelines evaluated through medical and financial questionnaires. IC+ International Term Life Insurance is available only to individuals residing outside the US at the time of application or intending to depart the US prior to the effective date of coverage. Other residency and citizenship restrictions apply.
Coverage becomes effective after premium has been paid.
Coverage ends at midnight on the policy expiry date.
Plan Benefits:
IC+ International Term Life Insurance offers a wide range of benefits. These include;
- Provides cash and income to the beneficiary(ies) immediately following death
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- Prevents a family from losing its standard of living.
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- Double indemnity benefits are available if death is as a result of a covered accidental injury
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- 50% of the policy limit is paid if a Terminal illness is diagnosed
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- Provides income for your children's education.
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- 24 hour travel assistance services.
Remarks:
- Medical: a medical questionnaire completed by a licensed physician within 30 days is required when the amount of life insurance exceeds a specified amount.
- Financial Questionnaire: when the amount of life insurance applied for (all companies) is greater than $ 350, 000, a financial questionnaire is required.
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