Panama Insurance Company
Serving English Speakers in Panama.
Panama life insurance
 
About Life Insurance in Panama

Panama offers a variety of plans for everybody. The cost may vary depending on your income, age and coverage. Premiums run from US$15.00 to US$200 per month, depending on your plan benefits.

Conditions to access this type of insurance are simple and should fit your needs. We suggest you talk with one of our experts to get advice on how to choose the best insurance company and the type of policy.

 
How to obtain life insurance in Panama?

It is required that you take a physical exam before the life insurance coverage is granted. You don't pay for this exam if you are a Panamanian citizen or a legal resident, but if you are foreigner you do. Nevertheless, if you have bought a home here in Panama , the fee is waived also.

The physical exam costs US$40. Your insurance company or broker will kindly make the medical appointment for you. The next step is to simply fill out paperwork with the assistance of one of our experts.

 
Life Insurance Terms and Coverages

You will find a variety of plans to match your specific needs. There are plans that not only work as Life Insurance but as a “saving plan” due to the return they produce and the possibility of cancellation any time. Also, they can offer extra years of coverage.

There are insurance companies that offer financial protection consisting of an education fund for your children, business, retirement, etc. The minimum age is 20 years old and the maximum is 70 years old. Amount covered ranges from US$25,000 to 1 million dollars. Premiums are calculated according to the desired coverage, age, sex, type of work and income.

Some insurance companies cover expenses due to fatilties.

 
About Life Insurance in Panama

Panama offers a variety of plans for everybody. The cost may vary depending on your income, age and coverage. Premiums run from US$15.00 to US$200 per month, depending on your plan benefits.

Conditions to access this type of insurance are simple and should fit your needs. We suggest you talk with one of our experts to get advice on how to choose the best insurance company and the type of policy.