5 for life

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5 for LIFE is a 5 year convertible and renewable insurance solution term plan. It is designed primarily to provide high level affordable coverage for persons 18 - 75 years old.

Special Features 

  • Magna Rewards: Guardian Life will reward the Insured Person with Magna Reward points upon receipt of each premium. Magna Reward Vouchers may be redeemed and the proceeds used to pay premiums on this plan or used at any other Magna Rewards participating partner.         
  • Premium Credit: Upon receipt of each premium, Premium Credit will accrue to the policy. Premium Credits will be used:
  • To pay premium (on your 5 for LIFE plan) that have been outstanding for a specified period, provided sufficient credits have been accumulated.
  • Un-used Premium Credits will be paid: upon the death of the life insured, along with the sum assured, or at age 75, the final expiry date.
  • Premium credits may be used to pay premiums on new plan where full Coverage is being converted.
Purpose: 
Purpose: This plan provides insurance protection for individuals, families and businesses at competitive rates. Target group: Age Group 18 to 45 years: Professionals, Entrepreneurs, CEOs, Managers, Heads of Families.
Minimum coverage: 
$4,000,000
Issue ages: 
The allowable issue ages are 18 to 70.
Death benefit: 

The death benefit is the sum of the basic sum assured plus the value of all un-used premium credits at the time of death.

Expiration: 
At the Final Expiry Date - age 75 - the value of all unused premium credits will be paid.
Additional details: 
Conversion Option
You may at any time convert this plan to any permanent plan which is offered by Guardian Life, provided that this plan is in force and all premiums have been paid in full. 
 
Renewability
On the expiry date of the policy, you may opt to renew for a further five year period, without evidence of health, provided the expiry date is before the policy anniversary upon which the Life Insured attains age 75.
 
Additional Benefits
You may add the following benefits (riders) to your plan, for a small premium:
 
Accidental Death and Dismemberment Benefit Rider.
Disability Waiver of Premium Rider

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Agent of the Month
- January 2012
Leroy Dallas

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Leroy Dallas has risen to the top because he consistently interfaces with his clients to prepare them for life’s financial challenges and opportunities.

This Life Guardian has earned the confidence of his clients, who trust him with what matters most to them… their lives.

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