Total Protection Plus (TPP)
Peace of Mind with a 100% Cash Back Policy
Total Protection Plus is designed for customers in industries typically thought of as high risk. TPP provides our customers with safe, secure and insured protection for 100% percent of the initial purchase price so that you can purchase APEX Technology Packs with confidence.
You are automatically registered with Total Protection Plus when you purchase an APEX Technology Pack and confirm your enrollment.
A portion of your purchase price is then used to pay your premiums in full, removing any risk of lapse of coverage. Once registration is complete, you will receive an insurance card with the binder number your policy is under.
Now the policy belongs to you and is 100% in your control.
With TPP you have the benefit of choosing multiple redemption options at different intervals of 5 or 10 years to provide you with the most flexibility based on future financial needs.
Total Protection Plus FAQs
What is Total Protection Plus?
Total Protection Plus is a division of UIU, United International Underwriters, a global insurance brokerage firm, and has brought to market the first of its kind ‘product protection plan’ for customers in industries typically thought of as high risk. Total Protection Plus provides our customers with Safe, Secure and Insured protection for 100% of your initial full purchase price.
How does Total Protection Plus work?
You are automatically registered with Total Protection Plus when you purchase your product and confirm your enrollment. At this time the premiums for your individual product protection plan are paid in full removing the risk of lapse of coverage. Now the policy belongs to you, the customer, and is 100% in your control. Total Protection Plus gives you the benefit of selecting from multiple redemption options at different intervals to meet your specific needs.
Who is behind Total Protection Plus?
Total Protection Plus is a subsidiary of UIU, United International Underwriters, a global insurance brokerage firm. The Total Protection Plus Program is insured and reinsured only by insurance companies that maintain an ‘Excellent’ financial strength credit rating by third party monitors such as AM Best, Moody’s and Fitch. Our Insurers have been in business up to 125 years and are globally recognized. Once you are registered you will receive an Insurance card with the binder number your policy is under.
Why would insurance companies provide this protection?
The Total Protection Plus plan model is known in the insurance world as a ‘premium finance’ model. It works very similarly to a Term-Life insurance plan but functions as a property/casualty policy. The insurance company collects all the premiums up front, with no obligation on those funds for a term up to ten years. They can leverage those premiums into bonds and sell them on the open market ‘Wall Street’ creating profitability above and beyond the totality of the obligation.
What are the benefits of using Total Protection Plus?
Total Protection Plus provides you with Safe, Secure and Insured protection for 100% of your initial full purchase price. Rest easy in the knowledge that we will pay you 100% of your full purchase price after the term agreed to per your contract.
Will the Buy Back Option automatically go to my heirs if I pass away?
Your Buy Back Option will be transferred to your heirs along with the program/investment that it is associated with. These would be considered a Permitted Transferee and this would be handled by SAFETek and TPP on your behalf.
How do I know TPP will be there in the future?
This is a 100% insured Program, with a consortium of Investment Grade insurers to insure its obligations, subject to all terms, conditions and restrictions of that insurance policy. In simple terms TPP pays the premium at point of sale from its proceeds to ensure the funds are guaranteed. In the unlikely event that the sales company or TPP are no longer in business, your Option is protected and guaranteed by the insurance, and your option will remain in place and available to you under the same terms and conditions.