Pan-American Life Insurance Group (PALIG) has received authorization from local insurance authorities to market two new International Major Medical products - Pan-American WorldAccess and Pan-American PreferredAccess - in El Salvador, Ecuador and Colombia.
Pan-American WorldAccess and Pan-American PreferredAccess fall under the umbrella of Pan- American Life’s new Private Client concept, which will provide a one-stop, full service life and health insurance offering for high net worth individuals that live in these Latin American countries.
Through these International Major Medical plans, individuals seeking international health insurance will have access to dedicated concierge service and first class health benefits, delivered through an extensive network of medical providers in the US and Latin America.
Pan-American has already filed for authorization with local insurance regulators in Panama, Guatemala, Honduras, and Costa Rica and expect to have formal approval by year end.
Once approved in all seven countries, Pan-American Life will have the broadest geographic coverage in the region for a product of its type.
Pan-American Life Insurance Group chairman of the board, president and CEO Jose Suquet said filing to offer International Major Medical benefits in these countries reinforces the commitment to best serve customers in the region as an integral part of business strategy through the offering of product solutions.