Life Protection is the Millennium bcp life policy that guarantees that, whatever happens, those you cherish will want for nothing.
Starting from EUR 5/month, choose the best solution for you to guarantee your family and yourself full and
effective protection. Set up your future while taking advantage now of tax benefits.
*In accordance with contractual terms.
e.g.: EUR 5.46/month for a 30-year-old client taking out a EUR 30,000 Life Basic Protection policy.
Advantages
Ensure the financial well-being of those you care about in the event that someday you may not be by their side;
Guarantee the monetary security required to face adverse situations of severe sickness or disability;
Effortlessly build a savings nest-egg every month to secure the future, under very attractive terms;
Gain access to the InterConsultationTM service - 2nd Opinion network (Best Doctors). World-known medical specialists will analyse the diagnosis and offer advice on the proper course of treatment, in case of severe sickness.
Life Kickoff Protection
Protect your children, grandchildren or other minors (beneficiaries). Safeguard their future by saving as little as from EUR 30/month, and guarantee they receive a lump sum that will keep them financially on their feet in the event that you cannot be by their side sometime in the future.
Life Basic Protection
Life insurance that makes it easy and accessible for you to protect your family and secure the financial stability required to face adverse disability. Includes a comprehensive coverage package, access to world-known medical specialists in case of severe sickness (2nd Opinion network) and, optionally, a safe way of building up savings for the future (Life Saving).
Life Protection Plus
Protection that meets the highest standards. Flexible choice of covers and sums insured: the life insurance that fits you. The perfect protection to, with a flexible choice of covers and insured sums, customise your life insurance. Includes a full basic package (with Complete and Permanent Disability, due to sickness or accident, and access to the 2nd Opinion network in case of severe sickness) as well as Sickness, Death by Accident (insured sum x 2), Death by Traffic Accident (insured sum x 3) and the In Vita option (funeral insurance). You also gain access to building up secure savings (Life Saving).
Life Protection 55-85
If you're aged 55 to 64 then learn about the life insurance policies you can take out. Fully flexible choice of covers and all the underlying advantages. a wide range of covers at your disposal, such as Severe
Death - if you pass away during the term of contract, be it due to natural death, sickness or accident, the insurer will pay the chosen sum out to the beneficiary/beneficiaries.
2nd Opinion network (Best Doctors) - coverage that provides access to the InterConsultation? service. World-known medical specialists will analyse the diagnosis and offer advice on the proper course of treatment, in case of severe sickness.
Complete and Permanent Disability due to Accident - due to accident and over 66.6% under the Portuguese Disability Table. In case of Complete and Permanent Disability due to accident and occurring during the length of contract the beneficiary shall immediately receive the sum insured.
Complete and Permanent Disability over 66.6% under the Portuguese Disability Table. In case of Complete and Permanent Disability due to sickness or accident and occurring during the length of contract the beneficiary/beneficiaries shall immediately receive the sum insured.
Total and Definitive Disability: that which requires other persons to do common everyday tasks for the policyholder (eating, getting dressed, etc.) In case of Complete and Permanent Disability due to sickness or accident and occurring during the length of contract the beneficiary/beneficiaries shall immediately receive the sum insured.
Severe Sickness: in case of one of the sicknesses below occurring during the length of contract, we'll advance payment on the sum insured you've chosen for this cover. Severe sicknesses are: Coronary heart diseases which require bypass surgery, myocardial infarct, cerebral vascular accident, cancer, renal insufficiency, aortic surgery, blindness, heart valve replacement, vital organ transplant, multiple sclerosis, paralysis. This cover has a 3-month moratorium.
Life Saving: save up by taking out Life Saving. A minimum term of 8 years, monthly payments from EUR 30 or EUR 50, depending on your Life Protection option. Guaranteed capital at maturity, 2.4% minimum rate of return, plus participation in profits.We'll guarantee a 3% rate for 2009 pay-ins (2008 pay-ins had a 4.1% rate). You also get low membership costs and full liquidity, without penalties as of the 3rd year.
Age limit for membership: minimum 18 and maximum 64.
The beneficiary must be under 18 for the Life Kickoff Protection option.
Upper age limits
Death: 85
Complete and Permanent Disability, Total and Definitive Disability and Serious Sickness: 65
Death by Accident and Death by Traffic Accident: 70
Life Saving: the term you choose, for a minimum of 8 yrs.
In Vita option: none.
** These ages are actuarial ages (if you are less than 6 months from your birthday, consider your real age plus a year).
Life Protection (except Life Saving cover and In Vita option):
Life Protection (except Life Saving cover and In Vita option)
The premium will vary annually in accordance with the sum insured, covers and actuarial age;
e.g.: from EUR 5.46/month(1) for 30-year-old clients, under the Life Basic Protection option, for EUR 30,000 insured.
Life Protection - Life Saving
Minimum deposits of EUR 30/month or EUR 50/month(2), depending on the Life Protection option;
Additional deposits starting from EUR 300.
Acquisition Charges: 0.375% for regular payments and 0.5% for one-off payments.
Surrender values: Full or partial surrender (the minimal amount for each partial surrender is 250 EUR. After partial surrender, savings account balance must not be under 250 EUR). Surrender penalties:1.5% in year 1, 1% in year 2, 0.5% in year 3 and 0% thenceforth.
Financial Management fee: maximum 2%.
Life Protection - In Vita option
Choose a premium payment term between 5, 19, 15 and 20 years, or until the insured turns 75.
Premium shall remain fixed throughout the entire payment term(1).
E.g. starting from 5 EUR/month for a 30-yr-old policyholder signing for premium payments up to the age of 75.
(1) Must add EUR 5 policy fee to your 1st premium receipt + legal charges.
(2) Must add EUR 5 policy fee to your 1st premium receipt.
Risks resulting from Death, Complete and Permanent Disability, Total and Definitive Disability, Severe Sickness are not covered by Life Protection when due to sicknesses pre-existing the start date of your policy, or sicknesses or lesions caused by:
Criminal acts of the insured or beneficiary/beneficiaries;
Suicide of the insured during the two initial years of contract and attempted suicide;
War (whether the insured has been mobilised or not), terrorism or public order disturbances;
Natural disasters;
Facts resulting from:
- Bodily injury (except if self-defence is duly established);
- Voluntary mutilation;
- Drunkenness and abuse of alcohol or narcotics without medical prescription;
Carrying out of manifestly dangerous activities or practices;
For further information, please read carefully the General Terms and Conditions of the Life Protection policy, and the Additional Terms and Conditions of each Additional Cover and the In Vita option.
For 2009 you can get 25% income tax deductions on Death and Disability premiums. The limit is EUR 64 per taxable person and EUR128 per couple (limits also apply to Life Saving cover, which is subject to legal requirements for insurance investment plans in order to enjoy tax benefits).
