Supplementary Life Plans

The Supplementary Program for Exemption of Premium Payment (A.P.A.) exempts the Insured from the payment of premiums of the Basic Program and any Supplementary Programs, in case of Permanent Total Disability due to illness or accident that has lasted at least 6 months. Permanent Total Disability is considered the Disability that has resulted from illness or accident and that completely prevents the Insured from practicing his profession or engaging in any other profession.

The Supplementary Premium Protection Contract (SPA) relieves the applicant or the Contractor from the obligation to pay future premiums of the Basic Program and any Supplementary Programs, in case of Permanent Total Disability and / or death of the Contractor.

This Supplementary Program covers the insured in case of Permanent Total Disability and gives the amount of coverage in three installments. The first payment corresponding to 20% of the coverage amount is given to the Insured 6 months after the date of onset of disability and the second payment 30% of the coverage amount one year after the onset of disability and the third payment 50% of the coverage amount, 24 months from the onset of disability.