International Markets >>Pan-American Assurance Company (PAAC)	Ratings

PAAC offers Universal Life Plans available in the U.S. for foreign nationals and U.S. citizens living abroad. These products are subject to U.S. jurisdictional guidelines for tax purposes. U.S. rates are applicable, with policies offering tax-deferred cash accumulation.

Universal Life Plans

Asset Acumulator: This product offers significant Accumulated Values in the later policy years. Consequently, it is ideal for several markets, including : Key Executive Planning, wealth accumulation, individual retirement planning, education funding and family insurance planning.

Budget Manager Series (I,II & III ): The Budget Manager series was designed for markets such as Family Insurance Planning, Estate Planning, or any situation in which a low-cost universal life product is needed.

Essential: This product has minimum premiums lower than those found in our other Life Solutions portfolios. Its four distinct underwriting classes reward a healthy lifestyle through lower premium levels. The key feature of this product is a guaranteed death benefit to age 100. This plan also provides a 30 year guaranteed death benefit (not to exceed age 95) at a lower premium level. Essential is ideal for several markets, including : Family Insurance Planning, Education Funding, Wealth transfer and Mortgage acceleration.

Essential Plus: This product is designed for cases in which a "middle of the road" premium is needed, and it offers modest cash values over the life of the policy. Consequently, it is ideal for several markets, including : Family Insurance Planning, Key Executive Insurance, Buy Sell Arrangements and Pension maximization.

First to Die: This plan insures two or more lives under one policy. The death benefit under the plan is payable when the first insured dies, with an option to continue coverage on the surviving insured(s). The First to Die policy can be used for Business Continuation plans in the business market. In the family insurance market, it can provide death benefit protection for a dual income couple at substantial savings over individual policies.

 

Pan-American International Insurance Corporation (PAIIC)

PAIIC offers Universal Life and Term plans in U.S.-dollar products for non-U.S. citizens, non-U.S. residents and non-Cayman residents only. Universal Life Plans are highly flexible for wealth accumulation and may offer substantial tax advantages.* Those products are registered in the Cayman Islands, B.W.I., and policy contracts are available in Spanish**

*Always consult your tax advisor regarding taxation issues

** Budget Manager 3. Essential and Term policies available only in English.

Universal Life Plans

Flexilife Series: The Flexilife series was designed for markets such as Family Insurance Planning, Estate Planning, or any situation in which a low-cost universal life product is needed.

Essential: This product has minimum premiums lower than those found in our other Life Solutions portfolios. Its four distinct underwriting classes reward a healthy lifestyle through lower premium levels. The key feature of this product is a guaranteed death benefit to age 100. This plan also provides a 30 year guaranteed death benefit (not to exceed age 95) at a lower premium level. Essential is ideal for several markets, including : Family Insurance Planning, Education Funding, Wealth transfer and Mortgage acceleration.

Budget Manager III: A very low cost and highly competitive Universal Life plan.

Term Life Plans

20 Year Term: This Term Life plan is a 20 year level term plan with premium rates that are guaranteed to remain level for the full 20 years. This product, which is available to residents of Latin America only, is ideal for customers who want the assurance of fully guaranteed rates over an extended period of coverage. Every 20 years, asumming satisfactory evidence of insurability, the insured can exchange his or her contract for a new 20 year contract, so the new rates will be based on the insured's attained age at that time.

 

Pan-American Ratings

AM Best Rating: A- (Excellent)

Assigned to companies that have, on balance, excellent financial strength, operating performance and market profile when compared to the strandards established by the A.M. Best Company. These companies, in A.M. Best's opinion, have a strong ability to meet their ongoing obligation to policyholders.

Moody's Rating: A3

Provided to companies with a good financial sercurity and positive outlook.

Fitch Security Seal

This certifications seal was designed to provide a "black-and-white" answer to the simple question most policyholders ask when buying insurance: "Is this a financially strong company that I can feel safe buying insurance from?"

The Fitch Security Seal provides a simple "yes".

Companies seeking this certification must go through Fitch's rigorous due-diligence process, achieve an international scale insurer financial strength rating of 'A-' or higher, and have a minimum of five years of operating history.

Fitch is an international rating which is a combination of Fitch IBCA and Duff & Phelps Credit Rating Co., provides ratings for Financial Institutions, Insurance, Corporates, Structured Finance, Sovereigns and Public Finance Markets worldwide.