Family Life Protection Plan
The Family Life Protection Plan is a whole-life insurance policy designed to provide financial support for funeral expenses and other family needs, with both compulsory and voluntary benefits.
The Family Life Protection Plan covers the Main Life, up to two spouses, four parents or parents-in-law, and six children, with eligible ages ranging from 0 to 75 years depending on the person covered. Cover ranges from GHS 5,000 to GHS 100,000 and includes death, critical illness, refreshment, premium waiver, redundancy, and family protection benefits.
Family Life Protection Plan - FAQs
1. What is Family Life Protection Plan?
The Family Life Protection Plan is a whole-life insurance policy designed to provide financial support for funeral expenses and other family needs, with both compulsory and voluntary benefits.
2. Who Can Be Covered?
Protect the people who matter most. The Family Life Protection Plan allows you to extend cover to your immediate family, including your spouse, parents or parents-in-law, and children, subject to the applicable age and coverage limits.
Main Life: 18–59 years
Spouse: 18–59 years
Parents/Parents-in-law: 35–75 years
Children: 0–18 years
3. Benefits of the Plan
The plan provides a range of benefits designed to support you and your loved ones through life’s uncertainties. According to Pinnacle Life’s current product terms, the key benefits include:
- Death Benefit – Financial support upon the death of a covered life.
- Critical Illness – 50% of the death benefit for the Main Life.
- Refreshment Benefit – One-time payment upon the first death.
- Waiver of Premium – Future dependant premiums may be waived after the Main Life’s death.
- Redundancy Benefit – Premiums waived for up to 6 months following redundancy.
- Family Cover – Protection for your spouse, parents/parents-in-law and children.
Interested in Our Family Life Protection Plan?
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