Personal Assurances

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Whole of Life Assurance

Explore our Long-Term Permanent Protection Plan. The most affordable option for ensuring lasting security. With this plan, the sum assured and bonuses are guaranteed to be paid out upon death, regardless of when it occurs. Plus, you have the flexibility to limit premiums from age 50 onwards, ensuring financial peace of mind well into the future. Enjoy the added benefits of loan and cash surrender values, with the option to convert to a shorter-term endowment assurance if circumstances change. It’s the perfect foundation for your first policy, offering permanent family protection along with the flexibility to address your evolving living needs.

Endowment Assurance

A very popular contract combining protection and savings during selected term. The sum insured and bonuses are payable at the end of the term or upon death if this occurs earlier. Loan and cash surrender values apply. Excellent means of providing for some special purpose, e.g. new home, overseas trip, or personal retirement, at the same time offering financial protection for dependants.

Children’s Policy

Our children’s policies offer flexibility with options for either Whole of Life or Endowment Assurances. As an additional benefit, if the parent who takes out the policy passes away before the child, Samoa Life waives future premiums. This ensures that the financial plans parents make for their children can be fulfilled regardless of the parent’s life circumstances. Invest in your child’s future with confidence through Samoa Life’s children’s policies.

Term or Temporary Assurance

These policies provide the cheapest form of life insurance protection. The sum assured is only payable in the event of death within a specified period of years. There are no bonus additions and no loan or surrender values. Generally, a provision is included to allow conversion to Whole of Life or Endowment Assurance at any time during the term without any medical evidence being required. Term policies can be effected separately or as part of a package programme combine with Whole of Life or Endowment Assurances. The cheapest way for anyone with family responsibilities to ensure their dependants are financially protected in the event of untimely death.

Money-Back Term Assurance

Our Money-Back Term Assurance offers a unique blend of protection and savings. In the event of death during the term, the sum assured is paid out. However, if the life assured survives to the end of the term, we offer a FULL REFUND OF ALL YEARLY PREMIUMS PAID.
This policy also provides the option for renewal or conversion at the end of each ten-year period, ensuring flexibility and continued coverage. With Money-Back Term Assurance, you get the best of both worlds, affordable protection and a savings element. Secure your future with peace of mind today!