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Income Protection (Disability) Plans

Your income is essential. Do you have it insured? We all know at least one person who has been unable to work for a period of time due to illness or injury. In the event you cannot work due to illness or injury, we will pay you a monthly income, so you can still pay your bills even though you cannot work!

Call (242) 326-6779 or email administrator@newprovidencelife.com to ask about the NPL Income Replacement Plans.

Optional Cash Value is like free insurance!

All disability/income protection plans may be purchased with cash value. How does this work? The policy will pay you a cash value return of premium once the policy has been in force a minimum of ten consecutive years. The cash value benefit is a percentage of the original premium, less any claims paid. After 10 years, you can expect 40% of your premium back, up to the 25th year when you can receive 100% of your money back.


60-Month Disability Plan (Income Protection)

Designed for persons who want income protection at a lower price. Pays a monthly income for 60 months if you cannot perform the material functions of your occupation due to illness or non-occupational injury.*

A 30-Month Disability plan is also available as a rider to most medical plans. It may also act as a standalone product. This means you are paid a monthly income for 30 months if you cannot perform the material functions of your occupation due to illness or non-occupational injury.*

Lump Sum Disability Plan (Income Protection)

Designed for white collar professionals such as doctors, lawyers, and dentists. Pays a monthly income for nine months followed by a lump sum payment, if you cannot perform the material functions of your occupation due to illness or injury. Monthly income payment is determined as 1% of the lump sum you select. Includes accidental death coverage equal to the sum insured.

Cash Protector Plan

This unique product pays a lump sum of cash on the occurrence of a first diagnosis of cancer, heart attack, stroke, blindness, coma, hearing loss, loss of speech, paralysis, or non- occupational accidental death (after the policy has been in effect for 180 days). Purchase cash amounts from $5,000 to $50,000. Price does not increase.

All income protection plans have a 90-day waiting period before monthly income commences.

*Non-occupational injury means an off-the-job injury.