Whole Life

  • Life Shield

    Affordable Protection for Life

    Life Shield offers you an efficient, low-cost and straightforward life insurance policy that also provides a lump sum cash payout (minimum $10,000), giving you and your dependents the comfort of knowing they will be financially secure if you should die. It is not an investment plan, but it offers essential protection that every family needs.

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  • Life Shield Premier

    Protection for now and later

    Life Shield Premier is a long-term policy with a savings component that provides a lump sum for your dependants should you die during the “term” of the policy. The savings element increases in value over time producing a greater lump sum payment upon death and if you suffer a terminal illness, BAF will pay an early lump sum benefit.

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  • Alternative Access

    Mature in age. Young at heart

    Alternative Access is a completely different style of insurance policy that makes good quality life insurance available and easy to buy for people from ages 50 to 70 years. Choose the amount of insurance you need and the premium you want to pay knowing that your rate is level and guaranteed for life

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  • Parent's Promise

    Make your child a promise for life

    Parents’ Promise is a Whole Life Insurance policy that protects your child while building a valuable nest egg for their future. Parents Promise is available for children from birth to age 13 and grows as they grow into a lump sum which can be used for your child’s education, as a downpayment on a home or to fulfil their wildest dreams.

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  • Final Expense

    Making life a little easier

    The emotional and financial stress of loss can be overwhelming. With Final Expense Life Insurance your family wont have to use their limited savings, sell precious assets or borrow from friends to cover all the costs of a funeral. With the right plan, there can be enough to cover medical bills and pay outstanding debts.

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Universal Life

Endowment

  • Whole life with 25% quinquenial bonus

    Give yourself a well-deserved bonus

    Whole life with 25% quinquenial bonus protects you for life as long as the policy remains in force. You are required to pay premiums for your entire lifetime. On the fifth anniversary of your policy and every five years thereafter, you will receive a bonus of 25% of the amount of coverage you purchased providing your policy is still in force. With this plan you get all the benefits of Whole Life Insurance and the added advantage of receiving cash bonuses that you can use for whatever you choose. A Whole Life Plan offers guaranteed death benefits, low premium payments and permanent coverage with a savings component that grows over time.

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  • 25 year endowment with 25% quinquenial bonus

    Get protection, savings and bonuses

    A 25 year endowment with 25% quinquenial bonus plan provides life coverage for a period of 25 years provided the policy remains in force. Premiums are paid for 25 years and on the 25th anniversary of the policy, it matures or “endows”. This simply means that at the end of the 25-year period, the full amount of insurance purchased is payable to the insured (or the policy owner if other than the life insured) in a lump sum payment. While this policy is in force and the insured is still alive, a bonus of 25% of the amount of insurance is payable on every third anniversary of the policy including the anniversary date on which the policy matures.

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  • 21 year endowment with 15% triennial bonus

    Get coverage now and cash later

    A 21 year endowment with 15% triennial bonus plan provides you with life coverage for a period of 21 years provided the policy remains in force. Premiums are payable for twenty one years and on the 21st anniversary, the policy matures or “endows”. At the end of the 21-year period, the full amount of insurance purchased is payable to the insured (or the policy owner if other than the life insured) in a lump sum payment. While this policy is in force and the insured is still alive, a bonus of 15% of the amount of insurance is payable on every third anniversary of the policy including the anniversary date on which the policy matures.

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  • 15 year endowment with 15% triennial bonus

    Solid protection and cash back

    A 15 year endowment with 15% triennial bonus plan provides you with coverage for a period of 15 years provided your policy remains in force. Premiums are payable for a period of 15 years and on the 15th anniversary of the policy it matures or “endows”. This means that at the end of the 15-period, the full amount of the insurance purchased is payable to the insured (or the policy owner if other than the insured) in a lump sum payment. While this policy is in force and the insured is still alive, a bonus of 15% of the amount of insurance is payable on every third anniversary of the policy including the anniversary date on which the policy matures.

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Term Life

  • Choice converter

    Simple. Effective. Flexible

    Flexible personal reassurance Choice-Converter is a lifestyle insurance policy that provides a cash payment to your dependents should you die during the “term” of the policy.

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  • BAF Financial Burial Society

    Providing for your members

    Created for affinity and civic groups, the BAF Burial Society will assist your members with the high costs associated with death. Available to clubs, churches, unions and other affinity groups, this unique plan makes financiang burial one less thing to worry about at the worst of times. 

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