Ultimate Premier Farewell Plan

This plan is a life insurance solution offered by Prudential Life Insurance Ghana through CalBank. This plan assures you and your loved one’s protection against the financial pressures that come with spending on final expenses whilst also offering a bigger Sum Assured.


Bancassurance Partner

  • You can cover up to 10 lives on the policy which includes yourself (1), spouse (1), children (4) and extended family (4).
  • Main Life, spouse and extended family are covered till age 120 while children are covered up to age 25
  • Waiting period for Main life, Spouse and Children is 6 months while extended family is 12 months
  • Premiums can be paid monthly, quarterly, semi-annually or annually.
  • Premium is calculated based on you chosen Sum Assured and ages of all lives covered.
  • The policy is a whole life policy. Hence its tenor is till Main Life and lives covered attain age 120.
  • In the first policy year, failure to pay premiums for 4 consecutive months from the due date will cause the policy to lapse and you will not be covered under the policy stated benefits.
  • Death Benefit – A 100% of the chosen Sum assured for yourself and spouse and 50% for other lives (8) each. Sum Assure of a minimum of GH₵ 20,000.00 to GH₵ 50,000.00.
  • Accidental Death Benefit – We pay 2x the Sum Assured if death is Accidental (Main life only)
  • Waiver of Premium Benefit – If you purchase the policy before or on your attainment of age 50, you will no longer be required to pay premiums after age 60 or if death occurs prior to age 60, all other lives will remain covered till they drop of the policy.
  • Return of Premium Benefit – If any life dies within the waiting period (not as a result of an accident), we will return all premiums paid on the life of the deceased.
  • No Claim Cash Back – (15% of total premium every 3 years if there is no claim)
  • Never-Lapse Benefit – Policies beyond the first policy year will never lapse. However, at the claim stage, the death benefit will be pro-rated based on the number of paid premiums.
  • Voucher Benefits (talk time GHS 100 + Grocery Voucher on the death of each life)

Annual Benefit Escalator – (0%, 5%, 10%, 15%, 20%, 25% or 30%) (Optional Benefit)

  • Main Life entry Age is 18 – 59 years

For Sign up

  • A funded CalBank account
  • A completed policy application form
  • Your consent to go on cover now

For claim

  • A completed claim form.
  • Policy number (This will be issued to you upon first premium payment)
  • A legal document that authenticates the occurrence of the event for which the claim is being made (i.e. Medical cause of death or Death Certificate).
  • National ID of claimant and of deceased
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