Ultimate Premier Farewell Plan

Premier Farewell Plan

The Prudential Ultimate Premier Farewell Plan is a special life insurance policy that enables you to meet your financial obligations or to give financial security to your family after you have passed on.

What you need to know

The minimum and maximum age at entry for the main life is 18 and 59 years respectively.

The Plan covers:

·        Spouse

·        Biological/Dependent Children

·        Biological, step or foster mother

·        Biological, step or foster father

·        Biological, Step or foster Parents-in-law

Cover level for you and your spouse is 100% and 50% for all other insured lives. You have the option to choose the type of cover plan (Sum Assured) preferred between GHs 20,000 to GHs 50,000.



Never Lapse Feature

Policies beyond the first policy year will never lapse. Rather at claim stage, the death benefit will be pro-rated based on the number of missed premiums.

Death Benefit

A lump sum payment equal to the Sum Assured will be paid to you or your beneficiary in the event that any of the insured lives is no more. 

Waiver of Premium Benefit

Premium payment will cease if death occurs early or on attainment of age 60. However, all the insured lives are still entitled to their benefit under the policy. The waiver of premium benefit applies if policyholder is aged 18 to 50 at the time of policy inception. If the policy has a benefit escalator, it will cease when this benefit takes effect.

Return of Premium

If the any of the covered lives die during the waiting period and the policy is active, the total premium paid on behalf of this life will be refunded less the policy fee.

Coverage – Max Life

Except Children who fall off cover at age 25, the coverage under this policy will cease to be in force for any of the insured lives after age 120.

No Claim Cash Back

A sum of 15% of total premiums paid by the main life (excluding policy fee) will be refunded every three (3) consecutive years if no claim is made.

Grocery & Airtime Vouchers Benefit

A grocery voucher worth 1% of the death benefit of the main life will be provided monthly for a period of 3 months on the death of any of the covered lives.

An airtime voucher of GHS 50 will also be provided on the death of any of the covered lives.

Waiting Period

Waiting Period from policy inception and for lives added after policy inception:

Covered Life

Waiting Period

Main life, Spouse and Dependent Children
6 months
12 months
Lapse Rule 

The Lapse rule is applied only in the first year of a policy. A policy will lapse if premium is not received within four (4) consecutive months from the due date within the first policy year. Hence, in the event that death occurs, no benefit will be paid if the policy has lapsed.