Low-cost protection
Back personal and mortgage loans, family income, your children's education or your business obligations.
Term Plus 100
Life insurance
Term life insurance with coverage from US$250,000 for 5, 10, 15, 20 or 30 years, at a low cost.
Term Plus 100 benefits
Protection for the term you need
For people age 21 and older who want to back their financial responsibilities for a defined period: a mortgage loan, their children's education, family income or business commitments.
Automatic renewal
At the end of the term, the policy can be renewed for an equal term without new evidence of insurability. The premium is calculated based on attained age.
Optional riders
Add return of premiums at 20 and 30 years, or an indemnity for total and permanent disability of up to US$500,000.
Starting your career
Protect projects and financial obligations for a set term, such as a loan, an initial investment or the first responsibilities of your estate.
Starting a family
Protect those who depend on your income while you have loans, children's education and household expenses, choosing the term that fits those obligations.
Approaching retirement
Ensure that those who depend on you maintain their lifestyle and do not have to worry about debts or loans if you are no longer there.
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Term Plus 100 is term life insurance with coverage starting at US$250,000, for terms of 5, 10, 15, 20 or 30 years. It protects needs for a specific period, such as a loan, your children's education or business continuity. It does not accumulate value, so the entire premium goes to coverage.
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If you wish, the policy renews automatically for another period of the same length, with no new evidence of insurability. The renewal premium is calculated based on attained age.
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On 20- and 30-year terms, you can add the return of premiums rider. At the end of the initial term, BMI refunds the total premiums paid minus administrative charges. Afterwards, you can remain protected by paying the corresponding premium.
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It is a rider of up to US$500,000. It pays the contracted sum if, due to a covered illness or accident, you become totally, permanently and irreversibly disabled from working in an occupation for which you are reasonably qualified. It requires medical certification and completion of the established period.
