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is a new and exciting addition in the Guardian Life family of products. You need not worry about lengthy medical requirements in order to receive Life Insurance cover. If you are looking for hassle-free life cover in an instant then Xpress Life is the answer.
Xpress Life was specifically designed to provide you with life insurance coverage. Once you truthfully answer 'No' to a few short questions on the application form you are on your way.
All time consuming medical requirements, which usually accompany traditional life insurance products are eliminated with Xpress Life.
Key Benefits
- Hassle free coverage-no medical
- 5 coverage options
- Instant death benefit payment
- After the 21st year the surrender value is a refund of all premiums paid
Coverage Options
Choose from the following Sum Assured options:
- $50,000 (minimum)
- $75,000
- $100,000
- $125,000
- $150,000 (maximum)
Death Benefits
Benefits are paid as follows;
Year 1: Return on premiums paid
Year 2: 50% of Sum Assured
Year 3 and above: 100% of Sum Assured
Instant Death Benefit
If death occurs after the policies first year, a maximum of up to $10,000 of the death benefit is advanced to assist with funeral expenses on the provision of the necessary documents.
Additional Benefits
The following benefits may be included for an additional premium:
- Accidental Death Benefits
- Accidental Death and Permanent Disablement Accident Provision
Premium Payments:
Premiums will be calculated based on age, gender and amount of sum assured. For example if you are male, age 30 and require $75,000 life cover, you will pay a monthly premium of $159.97. Premiums can be conveniently paid annually, semi-annually, quarterly or monthly. No premiums are payable after 20 years.
Surrender Options:
You have the option of surrendering your policy on its 21st year only at which time the surrender value will be a refund of all premiums paid.
Issue Age Limits:
Minimum Issue Age: 18
Maximum Issue Age: 69
