Group Final Journey Plan
An annually renewable group term policy designed to provide affordable funeral coverage for groups, with a special focus on organizations and associations within the informal sector.
Introduction
The Group Final Journey Plan ensures that members of a group receive funeral coverage at affordable rates. It is ideal for associations and organizations seeking to provide financial security for their members.
Features
- Lump sum benefit payable on death (natural or accidental)
- Coverage extends to spouse, parents/parents-in-law, and children
- Minimum benefit is GH¢5,000
- Waiting period: 3 months for natural death (none for accidental death)
- Premiums are group-rated and depend on age distribution
Benefits
- Affordable funeral coverage for groups
- Extended family protection
- No waiting period for accidental death
- Flexible and cost-effective premium structure