Products

Deferred Elite Term is available for up to $350,000 for periods of 10 years, 20 years or 25 years and is designed for your applicants with less serious health conditions. Those who were previously declined for insurance may qualify for this plan.

¹ 10, 20 and 25 year level term plans are renewable and convertible.

Simplified Elite Term is one of the few no medical plans available which provides immediate coverage. This plan is available for up to $500,000 for periods of 10 years, 20 years or 25 years and is designed for people who are in relatively good health or engage in extreme sports, or do not want to take a medical exam or provide a doctor’s report.

¹ 10, 20 and 25 year level term plans are renewable and convertible.

Preferred Term has great rates for healthy individuals who are willing to accept a little more underwriting depending on age and coverage amount. This plan offers up to $1,000,000 of coverage for periods of 10 years, 20 years or 25 years. No Medical required for up to $500,000 and issue age up to 70. Coverage starts immediately.

¹ 10, 20 and 25 year level term plans are renewable and convertible.

Express Elite Term has low rates for those in great health looking for No Medical life insurance. This No Medical plan offers up to $750,000 in coverage for ages 18-50 and up to $500,000 for ages 51-60. It is available as a Term 20 (ages 18-60) or Term 30 (ages 18-50). Coverage starts immediately and expires at age 80. If your client qualifies for Express Elite, they are pre-approved for Canada Protection Plan’s Critical Illness Insurance.

¹ 30 year level term plans are renewable.

² 20 year and 30 year level term plans are convertible to age 70.

Preferred Elite Term has our best premium rates for your healthiest clients. This plan is underwritten and offers up to $1,000,000 of coverage for periods of 10 years, 20 years or 25 years. Coverage starts immediately.

¹ 10, 20 and 25 year level term plans are renewable and convertible.

A term plan (excluding any 20 pay plan) is allowed up to 2 term riders of shorter duration in the same underwriting classification. The minimum face amount for a term rider is the minimum for that term as a base plan. The maximum amount of all coverage – permanent and term — is the maximum amount shown for the permanent plan.

An Accidental Death Benefit may be added to any of our term insurance plans, and provides coverage up to the earlier of the expiry of the term policy or the policy anniversary nearest the Insured’s 70th birthday. This rider is available for the following amounts and issue ages:

• Amount: minimum of the lesser of 1 times coverage and $10,000; maximum of the lesser of 5 times coverage and $250,000.
• Issue ages: 18-65

The Accidental Death Benefit is payable if death occurs directly and independently of all other causes, from bodily injury caused solely through external, violent and accidental means. Death must occur within 90 days after such injury and before termination of coverage.

This benefit has a number of exclusions including, but not limited to:

• Suicide, whether sane or insane,
• Assault or attempting to commit a criminal offense,
• Any drug, poison or gas, or infection, except under limited circumstances,
• Driving a vehicle while intoxicated by alcohol or illegal or unprescribed drugs.

A Child Term Benefit may be added to any of our term insurance plans, and provides either $5,000, $10,000 or $15,000 of coverage on each natural or adopted child of the Insured as long as:

• The Insured parent is between 18 and 60 years old at issue.
• The child is unmarried and depends on the Insured for support.
• The child is at least 30 days old but less than 18 years old and is specifically designated in the insurance application, or the child is born or adopted after the effective date of the rider and is at least 30 days old but less than 18 years old.

There is no limit to the number of children that can be covered.

A covered child has term insurance on their life until the earliest of the following:

• The Insured Child’s 21st birthday
• The Child Term Benefit expiry date, being the policy anniversary nearest the Life Insured’s 65th birthday, whether alive or deceased.

A Hospital Cash Benefit may be added to our Simplified Elite Term, Preferred Term, and Preferred Elite Term plans.

This benefit pays the benefit amount to the Insured, if the Insured incurs a sickness or suffers an injury that requires them to be confined in a hospital as an inpatient for more than 24 hours. It is available in three different daily benefit amounts – $25, $50 and $100 per day. A benefit will only be paid for an injury if the hospitalization occurs within 30 days of the accident that caused the injury.

The daily benefit will be paid for the SAME sickness or injury for a maximum of 90 days. The daily benefit for the duration of the benefit, is payable for a maximum of 180 days.

The Hospital Cash Benefit is available at issue ages 18 to 65.

The daily benefit amount is doubled if the Insured incurs a sickness or suffers an injury that requires confinement in a hospital intensive care unit, as an inpatient, for more than 24 hours.

This benefit terminates on the earliest of the following:

• The date on which the contract terminates, for whatever reason
• The date on which the Hospital Cash rider terminates, for whatever reason
• The anniversary date nearest to the Insured’s 70th birthday
• The maximum benefit of 180 days has been reached.