Life insurance gives you the peace of mind of knowing that your loved ones will be protected if you pass away, helping them to be financially prepared to maintain their lifestyle. They could settle funeral expenses, debts, house payments, the education of your children, among others.
New LifeCare1: Guaranteed life insurance designed for depositing clients of Banco Popular de Puerto Rico. With premiums starting at $9.60 monthly. It does not require a medical exam or health questions. It offers a maximum benefit of up to $100,000 in the event of natural or accidental death. You can name your loved ones as beneficiaries or Banco Popular de Puerto Rico to pay outstanding debts (personal loans, credit cards, and lines of credit or reserves).
It’s designed to cover you insurance needs for a specific period of time, usually 10, 20 or 30 years. It pays the benefit to your designated beneficiary in case of death and does not accumulate cash value. You may obtain the insurance with level premiums, which will not increase during the coverage period. In many cases you may covert your insurance to a permanent policy. This coverage may be convenient for you if to have a need for coverage for a specific period.
It provides lifetime protection, if and when you continue paying your insurance premium. Permanent Life Insurance accumulates cash value and is the ideal product for a long-term insurance need. There are several types of Permanent Life Insurance to meet your specific needs.
You can call us at (787) 706-4111 for more information.
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Insurance products are not insured by the FDIC or other federal government agencies. They are not deposits or obligations of, nor are they guaranteed by Banco Popular de Puerto Rico, its subsidiaries and/or affiliates. Some insurance products may lose value. Popular Insurance, LLC is a General Agency and Authorized Representative properly authorized by the Office of the Commissioner of Insurance to manage life insurance business, variable life insurance, variable annuities, disability, property and contingency, title, and health services in Puerto Rico.
LifeCare is underwritten by Caribbean American Life Assurance Company (CALAC), part of the Assurant, Inc. group of companies. Certain exclusions and conditions apply. Please refer to the policy for more details. The monthly premium varies according to the selected benefit. The maximum available benefit varies according to the age of the insured.
