The Life Protector Plan Global Benefits Europe Your guide to individual life protection
Global Life Cover
The simple approach to life protection When you work hard to provide security for the people you care about, life insurance should be an essential part of your long term financial planning. Protecting against premature death or critical illness means providing for your dependants, making your family’s future more secure. With your needs in mind, Global Life Cover™ in Association with Benefits Europe has developed “The Life Protector”, a specialist life insurance plan designed for Expatriates living and working abroad. For most people, their major concern in the event of a premature death or critical illness is that their family will be able to maintain their lifestyle, that the children’s education will not suffer and that any loans and debts are repaid. The Life Protector can help protect you and your family in the way you need it to, giving you peace of mind, providing financial security for the people you leave behind. Once you’re insured with the Life Protector, your basic insurance requirements are taken care of, leaving you to concentrate on your career and family commitments without undue worry about the future. It is generally acknowledged that you should have insurance in place of at least 5 times your salary, so if you earn US$50,000 per year your cover should be a up to US$250,000 to ensure that you are fully protected.
How the GBE Life Protector Plan works Cover for Life Life Protector Plan lets you choose the cash lump sum your family would need to protect their financial future without you. This could be any amount up to a maximum of US$250,000 or the equivalent in GBP£ or €. If you die as the result of an illness or accident whilst your plan is in force, your beneficiaries will receive your Life Protector Plan lump sum benefit. As this is a pure life insurance plan, there is no investment return. That’s why the Life Protector Plan offers top quality life insurance at an affordable price.
Critical illness As a separate policy Life Protector Plan lets you choose how much cover you and your family would need if a claim was accepted when you are diagnosed with one of the defined illnesses. Cover is available up to a maximum of $100,000 or the equivalent in GDP£ or € This money is paid to you to help you financially and would be paid even if you are able to continue working either full or part time. If you had chosen Life Protector Plan Insurance this cover would be in addition should you die and that event need not be linked to a claim under the critical illness section of your policy. You can renew your Life Protector Plan every year until you reach the sooner of your retirement or 69th Birthday.
Critical Illness In event of first occurrence and definite medical diagnosis of any of the following, and for that Insured Person to have survived for 30 days thereafter: (i) Heart Attack: The death of a portion of heart muscle as a result of inadequate blood supply as evidenced by an episode of typical chest pain, new electro-cardiographic changes and by elevation of cardiac enzymes. (ii) Cancer: A malignant tumour characterised by the uncontrolled growth and spread of malignant cells and the invasion of tissue. This includes leukaemia but the following cancers are excluded; 1) Non-invasive cancer in situ. 2) All forms of Lymphoma in the presence of any Human Immuno-Deficiency Virus. 3) Kaposiâ€™s Sarcoma in the presence of any Human Immuno-Deficiency Virus. 4) Any skin cancer other than invasive malignant melanoma. (iii) Stroke: A cerebrovascular incident resulting in permanent neurological damage. Transient Ischaemic Attacks are specifically excluded. (iv) Kidney Failure: End stage renal failure presenting as chronic irreversible failure of both kidneys to function, as a result of which either regular renal dialysis or renal transplant is initiated. (v) Major Organ Transplant: The actual undergoing of a recipient of a transplant of a heart, liver, lung, pancreas or bone marrow. (vi) Coronary Artery By-Pass Surgery: The undergoing of open heart surgery on the advice of a Consultant Cardiologist to correct narrowing or blockage of one or more coronary arteries with bypass grafts but excluding balloon angioplasty, laser or any other procedures. (vii) Multiple Sclerosis: Unequivocal diagnosis by a Consultant Neurologist following more than one episode of well-defined neurological symptoms with persisting signs of involvement of the optic nerves, brain stem and spinal cord, together with impairment of co-ordination and motor and sensory function. The diagnosis must be confirmed by modern investigational techniques such as image scanning.
Double Protection for Accidental Death Accidental Death Dismemberment Benefit can be either added on to your life cover or bought as a separate insurance cover on its own. If you die or are dismembered as the result of an accident, a cash lump sum will be paid to your beneficiaries, if you also have Life Protector Life cover, the payment is in addition to that benefit.
Accidental Death & Dismemberment Proportion Sum Insured Accidental Death 100% Total and irrecoverable loss of sight of both eyes 100% Total and irrecoverable loss of sight of one eye 50% Loss of two limbs 100% Loss of one limb 50% Total and irrecoverable loss of sight of one eye and loss of one limb 100%
The amount of additional accident benefit must not exceed the amount of your Life Plan benefit.
Global Life Cover can also offer:
• Higher Sum Assured • Income Protection • War & Terror • Kidnap and Ransom
For any advice on these products, please contact us to discuss your individual requirements.
Life Protector plan features The Plan Annually renewable life insurance is a life plan that provides a benefit payable on death by any cause within the period of cover. The Plan is available on a single life basis. The sum assured and premiums the plan are age related and premiums increase on age banded system. Critical Illness Insurance is a plan that provides a benefit upon diagnosis of one of the insured illnesses
Currency The Plan allows the sum assured and premiums to be paid in a choice of Sterling, US dollars, or Euro. Benefits will be paid out in the Plan currency.
Age at entry Minimum: 18. Maximum: 64 next birthday
Term of plan 12 months, automatically renews annually if no change in location or occupation status. Cover ends at 65th birthday. We can offer options up to age 100. Please ask us for details.
Premiums Frequency: Annually, semi annually or monthly subject to a % loading and dependent on annual total premium. Minimum premium per payment is US$100 or the equivalent in GBPÂŁ or â‚Ź. Premiums can be paid by: Cheque, Credit card or Telegraphic Transfer Standing Order is available for GBP payments made from a UK account
Benefits available Life Cover, the death benefit will be paid as a lump sum. Accidental Death and Dismemberment An optional cover which pays a lump sum benefit in event of death or dismemberment (loss of limbs and/or eyesight) by accidental cause, in addition to the life benefit payment.
Critical illness The benefits are payable as a lump sum
Apply now for peace of mind Its easy to apply Simply complete an application form and send it through to your broker. The Life protector Plan is underwritten by application form only up to US$400,000 Dependent on country of residence Medical Evidence may be required by the underwriters upon review of applications if such evidence is required it can be done locally, we will provide you with a list of our approved doctors. The applicant will be responsible for any and all medical evidence requested by the underwriters.
Paying your premiums You may pay your premiums annually semi annually or quarterly. Please refer to the premium guide enclosed with this brochure. Please note that our premiums are age related and will increase as you get older. Premiums are also subject to annual review and are not guaranteed for the duration of your plan. It is very important that on your application form you disclose full details about your medical history, your occupation and any hazardous activities you participate in.
Pre existing conditions The Life Protector Plan does not cover death caused by a medical condition or injury you suffered within 5 years prior to start date of your plan.
Claims In the event of a claim the annual premiums must be deemed to be fully earned.
The Life Protector plans are underwritten by GBE (Global Benefits Europe B.V.) GBEâ€™s role is that of an Underwriting Agency, and is approved, and regulated by the AFM â€“ Association of Financial Markets in The Netherlands, and the (FCA) Financial Conduct Authority, the UK regulator
Europe The Policies are issued through UK Regulated Insurance Companies
Rest of the World (Excluding USA) The policies are issued through GIL, GBG Insurance Limited.
Global Life Cover Global Life Cover No1 Skipton Road Ilkley West Yorkshire LS29 9EH Email: firstname.lastname@example.org www. globallifecover.com Global Life Cover is an appointed representative of Pendulum Financial Management Ltd who is authorised and regulated by the Financial Conduct Authority in respect of any regulated products sold in the UK. The business written by Global Life Cover is usually unregulated. All rights reserved
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