LASCO Financial Services Limited has partnered with Cuna Caribbean Insurance Jamaica Limited to facilitate applications for a Family Indemnity Plan, with up to $1 million coverage for end-of-life expenses.
The Family Indemnity Plan offers a proactive financial planning option after death and takes into account not only the cost for burial but debt and savings for children as well. Additionally, this plan does not require medical tests to sign up.
“The LASCO brand has always been synonymous with affordability. We understand that end-of-life occurrences can not only be emotionally taxing but present financial challenges for loved ones left behind, especially in unexpected circumstances. We empathize with our customers and are pleased to offer families this proactive financial planning option, through CUNA Caribbean Insurance Jamaica Ltd. “Our enrollment and payment is easy.” explained LASCO Financial Services Marketing Manager Danielle Harris-Drysdale.
Through LASCO Financial Services, customers will be able to choose from seven plan options that best suits their needs.
Managing Director / CEO at CUNA Caribbean Insurance Jamaica Ltd., Mr. Andre Goindoo shared a similar sentiment, noting, “We understand the realities facing people impacted by high funeral expenses and increasing cost of living. To this end, we are happy to partner with LASCO Financial Services to offer an insurance policy that is both affordable and practical that can assist loved ones with funeral expenses, paying off debts, continuing children education or short term partial income in the untimely event of death.”
A maximum of six eligible family members can be insured for as little as $422.40 per month. There is also lifetime insurance coverage once customers enroll before the age of 76.
Customers can select a plan, which covers any combination of the following persons: spouse/significant other or any combination of up to two persons from parents to parents in law.
Children including dependent children under your legal guardianship aged one through 25 and who are not yet married are also eligible.
The Family Indemnity Plan also covers children who are permanently disabled for the duration of their lives once they are enrolled before age 25.
Jacinth Hall-Tracey (left), managing director at LASCO Financial Services Limited is joined by Georgia Morrison, assistant vice president – sales (Jamaica) at CUNA Caribbean on Tuesday, February 25, 2020 during an official signing ceremony.