Panama Insurance Company
Serving English Speakers in Panama.
evaluating an insurance policy
 
How do I evaluate an insurance policy?

Ask yourself, What type of insurance do I need?

You can choose from term, whole-life, or endowment insurance depending on your needs.

Term Insurance offers protection for a given period of time. Generally it is offered for five, ten, or twenty years. This insurance is typically the most affordable kind.

Whole Life Insurance offers coverage for a lifetime, as long as premiums are paid. The main advantage of this type of plan is that you can lock a fixed rate.

Endowment Insurance is mainly a way to save money over time, viewed as a savings plan with a protection element. These plans typically offer you interest on your money but can be seen as low compared to government bonds and other investment choices.

 

Please feel free to contact one of our experts to discuss the proper coverage for your car or health plan.