THE UNIC MORTGAGE PROTECTION PLAN
“Let your hard work pay-off even in death”
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WHAT WE OFFER
TheUNIC Mortgage Protection Plan a protection plan to provide for the payment of any outstanding mortgage payments on the death of the Mortgagor before the expiration of the mortgage tenure. It is fashioned to take adequate care of any expenses still owed on any mortgage to save your family from debt.
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YOUR BENEFITS
The following are other indication of benefits for a chosen retirement age of 65 years with varying an annual contribution of between N120, 000.00 & N180, 000.00
- Required duration based on the mortgage agreement
- Policyholder can choose a Sum Assured based on Amount of mortgage, tenure, rate of interest, date of birth Or ABN of Mortgagor
- Premium can be paid monthly, annually or by a single lump sum
- Policy is written on a medical basis, depending on age and amount of mortgage
- The policy has no surrender value
- Tax Relief on all premiums paid for income tax purposes.
KEY ATTRACTION
- The Sum Assured becomes payable in the event of death, critical illness or an accident leading to permanent disablement which restrict the ability to continue work.
WAITING PERIOD
- There is a 6 months waiting period to claim benefits.
CASHING OUT
- A notice of claim must be written to the Company
- Documentary Evidence (Death Claim)
- Death Certificate
- Medical Certificate of cause of death
- Burial Certificate
- Police Report (if death is by accident)
In case of Critical Illness,
- Doctor's report diagnosing a named Critical Illness
- Policy Document
- Prompt payment of all claims within 72 hours of completing
WHAT WE NEED
- Date of Birth/Age Next Birthday
- Sum Assured Desired subject to a minimum of =N=2m
- Duration/Term of policy