This product was designed specifically for the member who is interested in wealth accumulation at an accelerated rate, while enjoying minimum Group Life insurance protection.
“Retire Happy! That’s the best way for your money to work while you play. “
Why the TIP Money Multiplier Protector?
- $1000 monthly premium
- Add group life insurance for only $100 more
- Death benefits
- Worldwide insurance coverage
- Loss of Life Accident Indemnity
- Natural Death
General Information
Target Group
Age Group: 18 – 55 years. Applicable to all persons employed in the field of education
Premium
Payable monthly through salary deduction. Premium starts at $1,100. The premium for the Group Life insurance protection is $100.00 (this is fixed); and the minimum monthly investment is $1,000. The member has the flexibility to increase the savings portion by blocks of $1,000.
Eligibility
All employed persons residing and working in Jamaica between the ages of 18 and 55. Coverage terminates at age sevety (70) or at retirement, whichever comes first.
Coverage
Members are covered for twenty four (24) hours all risk during business or pleasure, anywhere in the world. All benefits are paid in Jamaican dollars.