Illustrated Example:
Mr. Camroth, 35 years old has spouse and 4 kids. He buys the family protection plan, sum assured $20,000 with 15 years coverage for Total and Permanent Disability (TPD), Accidental Death (AD) and a whole family.
Premium payment:
- annually
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: 283 USD
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- semi-annually
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: 150 USD
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Assumption:
With the Family Protection Plan of Camlife:
- If Mr. Camroth passed away due to sickness, his family would get 20,000 USD.
- If Mr. Camroth passed away due to an accident, his family would get 40,000 USD.
- If Mr. Camroth got an accident then he became Total and Permanent Disability ($20,000), then he passed away ($40,000), his family would get 60,000 USD in total.
- If Mr. Camroth got an accident in the public conveyance*, then he became Total and Permanent Disability ($20,000), then he passed away ($60,000), his family would get 80,000 USD in total.
- If his wife, kid1, kid2, kid3 and/or kid4 passed away due to sickness/accident, he would get 10,000, 5,000, 5,000, 5,000 and/or 5,000 respectively.
* Definition is defined.
This is just an illustrated example, not a contract.
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