Here is an example of Life rates for term insurance in Panama. Yes, they may be higher than you can get online or in the USA, but the benefits will be payable in Panama with less hassle than going back to collect in the country where the policy was issued. The proceeds from a local policy may be available within a short time after the death of the insured.. Some local Panama licensed companies may offer "Living Benefits". This allows you to collect proceeds while still living if you have been diagnosed with a terminal illness.
Here are TENTATIVE Annual Non-Smoking rates for healthy applicants:
Male age 50 $25,000 NS 20 yr. term $124.25/yr. or $10.80/mo. + 5% tax
Male age 55 $25,000 NS 20 yr. term $188.25yr. or $16.24/mo. + 5% tax
Male age 60 $25,000 NS 20 yr. term $286.50yr. or $24.59/mo. + 5% tax
Male age 65 $25,000 NS 20 yr. term $433.50/yr. or $37.08/mo. + 5% tax
Male age 50 $50,000 NS 20 yr. term $225.29 annual
Male age 55 $50,000 NS 20 yr. term $361.64 annual
Male age 60 $50,000 NS 20 yr. term $579.37 annual
Male age 65 $50,000 NS 20 yr. term $935.80 annual
Carmen and I are standing by to help with quotes. 322-1605 or 6674-1063 or email: firstname.lastname@example.org
Info needed, sex, date of birth $$$ amount, number of years and if you smoke?
Kevin Bradley - Insurance in Panama