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Cap Decouvert

Cap Decouvert

Bank overdraft! No need to worry; just consider a life insurance program.

Do not place your debts load on your family’s budget in case of death or disability; plan ahead with CAP DÉCOUVERT, the life insurance contract underwritten by SGBL Insurance.

Simple coverage for your peace of mind 

 

  • In the event of death of the insured:
- In case of a bank overdraft: the bank covers its dues and the remaining amount is paid to the beneficiaries
- In case of no bank overdraft: the guaranteed capital is fully paid to the beneficiaries 

  • In the event of total and permanent disability of the insured from any cause:
- In case of a bank overdraft: the bank covers its dues and the remaining amount is paid to the insured
- In case of no bank overdraft: the guaranteed capital is fully paid to the insured.  

  • The guaranteed capital varies between 5,000$ and USD 1,000,000$ according to the authorized overdraft

 

More info

  • Premium depends the insured age and on the guaranteed amount 
  • The contract is automatically renewed annually as long as the overdraft is renewed 
  • The age of the insured should not exceed 65 years upon maturity of bank overdraft
SGBL Group Societe Generale