Centenarians benefit from Unilife whole life assurance plan

Unilife Global has launched a guaranteed whole of life plan to the offshore market in conjunction with Mauritius-based insurer Guardrisk.

Centenarians benefit from Unilife whole life assurance plan

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The Term 100 policy, issued by Guardrisk, pays out on death by any cause or at age 100. It sits alongside a level term assurance policy, which provides between five and 30 years’ cover.

T100 and the level term plans are available on single or joint life, in US dollar, sterling or euro denomination.

Launched in Africa in 2015 and Asia earlier this year, the assurance policies will be rolled out across Europe from May.

Stephen Conway, head of Unilife, said: “Term 100 is a widely accessible product in North America, and we, together with our partners, are proud to have made it available offshore.

“As it is a simple, guaranteed, term product with no investment element, there are no caveats needed about growth of underlying investments, and no need for policy or premium reviews, ever.”

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