Life and Health Insurance Policy In Jamaica - Things To Consider

by Anonymous

QUESTION: Life and Health Insurance

As you may be aware I am moving to Ja. I am looking at trying to find out about life and medical insurances for both myself and my wife.I am a very healthy 63 year old and my wife is 30.
Any guidance would be gratefully appreciated.Thanks

ANSWER: R.P.

Hi,

I’ll be glad to shed some light on your query. Let me commend you on your health status, not many can say they are over a certain years of age and still living health. So I am indeed happy to hear that you are both beyond the youthful years and doing well health wise.

Life and Health Insurance are two very important policies to have. Having these allows you to ease happily into retirement years without the fear of being a burden to family members. Knowing you will still have your independence to access basic need and medications. And also giving the gift of comfort to a family member(s) to take care of any expense you may leave behind. With more companies to choose from insurance is becoming more and more affordable to be accessed by everyone.

Take comfort in knowing that we have some outstanding agencies with the inclusion of major commercial and noncommercial banks here in Jamaica that offers more than just life and health insurance. Investment packages are also available for both long and short term.

Your options will be limited to age and whether or not you have children. The age range for health insurance is usually 18 to about 70 years (some company may go as far as 75years).

Each company is unique and will offer you options that can fit right within your needs.

It does help if you already know what you’re looking for and if you have a flexible budget. Good thing is, these insurance companies tend to be flexible with their offers.

I am aware of a few that gives a range in the number of years you can choose to pay premiums on life insurance and that would offer you some convenience should age be an issue.

Here are some basic questions to consider; these questions will vary depending on the policy (life or health) and whether you choose to do both under one cooperation or have split option:

o How much you can afford to spend on each policy?
o Do you have any preexisting conditions?
o How much you can afford to put aside for saving?
o Are you looking to do investments?
o Is the coverage only for burial purpose or do you have children you wish to leave some inheritance for should you pass on?

Additional questions will be asked when you go to speak with a representative from either company.

These companies are conveniently located island wide so feel free to go in and chat with them whenever you feel the need. Also, you can do a free search online for "List of Insurance Companies in Jamaica" and see the top ones.

Regards,

R. Phang.

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to JamaicaQuestions.

Read More ...

Recommended For You ...

And, Before You Go!

Here (below) are some sweet deals on matching products at Amazon that you might have otherwise missed. 

Amazon.com, by the way, is the internet's most reputable retailer and usually showcases only the best products that are related to your search. Be sure to check them out.

Note: If link does not show, please click here to be redirected to our page at Amazon.com.


Great Articles You Might Have Missed

data-matched-content-rows-num="2" data-matched-content-columns-num="3"

Please help me get the message out by sharing this article with your friends on social media (links below). Thnx ;-)

Also connect with My-Island-Jamaica.com on Social Media: 
Facebook | Twitter | Instagram | Youtube

Thank You!

P.S. Didn't find exactly what you were looking for? Still need help?

Click Here to try our dependable and effective Site Search tool. It works!

Or, simply click here and here, to browse my library of over 500 questions and answers! Chances are someone already asked (and got an answer to) your question.


About The Author

wellesley gayle - booking link

A patriotic Jamaican who adores his culture, Wellesley has been using this medium to share what he calls 'the uniqueness of Jamaica with the world' - since April 2007.  

To date, he serves over 8,300 unique readers / viewers per day.

His efforts have earned him featured positions in local publications, including the Jamaica Gleaner's Hospitality Jamaica, Carlong Publishers, as well as recognition from numerous prestigious international agencies and universities.

He invites you to join his friends list and stay updated on all the latest. You are also invited to join his exclusive patron community

copyscpe
Top Of Page
Wellesley Gayle

What's New? Click Here And See.

Trending Now

Site Sponsors

jamaica_click_down_here_visit_our_sponsors

Our Preferred Sponsors  & Friends (below)

(Our Sponsorship Policy)

Photographers in Jamaica
Wedding Photographers
NEW! JOIN MY PATREON COMMUNITY! Click Here For Details.
Cars For Sale In Jamaica
Cars For Sale

JamaicaSunshine Tours.com

Click Here to Visit Our Sponsors' Page

Top Articles

What's New?

Below is a list of the very latest articles I posted on the site.

Recent Articles

  1. Do I Need a Work Permit to Work in Jamaica?

    Oct 18, 18 11:13 PM

    Answered by Isreal, Associate Writer Yes, a work permit is needed to work in Jamaica for non-citizens not covered under the Caribbean Community Free

    Read More

  2. A TRN Number - Why Do I Need One? And How Do I Apply For It?

    Oct 18, 18 11:47 AM

    If you’re planning to do any sort of business here in Jamaica, you'll be asked to show or bring along your TRN number. What is the reason for that? And how do you go about applying? We have the answer…

    Read More

  3. PM's 2018 National Heroes Day Message To Jamaicans

    Oct 16, 18 10:44 PM

    Today, we celebrate the sacrifices, boldness, courage, vision and heroism of our foreparents - especially those who were put to the sword because of

    Read More

  4. What is heritage day in Jamaica?

    Oct 16, 18 10:43 PM

    Answered by Aneisha Dobson, Associate Writer If you have visited Jamaica at any point and carefully observed the culture, you will agree with me that

    Read More

New!  I've created a Welcome Audio. Just click the Play button below to listen.

Please subscribe here to get my latest updates.