The Simplified Term Plus policy is available with 10 or 20 year renewable premiums or level premiums to age 100. For the renewable premiums your premium payments will not increase for each renewal period. For the level premium to age 100, premiums never increase. There are a number of options available with this plan. It can be purchased if you are 20 to 70.

Standard Benefits

Coverage

Coverage amounts can range from $25,000 to $150,000.

Renewable

You can renew your policy without any additional medical information for additional periods until you turn age 80 for 10 year renewable and age 90 for 20 year renewable.

Optional Features

Accidental Death Benefit

If you die by accidental means and your payments are up to date, the amount of the Accidental Death Benefit will be paid in addition to your coverage amount. This benefit is available in amounts equal to 1, 3, or 5 times your coverage amount or $250,000 whichever is less. This option is available for those 25 to 65. Premiums for this option will not increase. This benefit ends when you turn 70.

Child Term Benefit

You can also purchase $5,000 of coverage for each of your children. This option is available for children 30 days to 18 years old. The benefit ends when the youngest child turns 25, or when you turn 65, whichever occurs first. One premium covers all of your children. Even those born or adopted after your policy is issued.

No Medical Simplified Term

Answer no to a few health questions asked on or application and purchase Simplified Term 10, 20 that starts as low as $50,000 and going as high as $150,000 or Term 100 starting as low as $25,000 going to up to $150,000. This plan starts right away. Premiums for this plan are among the lowest in Canada and will not increase during the period of the term you choose. This product is renewable, not convertible. This plan is available from age 20-70.

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The Non-Medical Simplified Critical Illness plan provides coverage in case you are diagnosed with a specified critical illness. This coverage was designed to provide critical illness insurance to those who would have difficulty qualifying for a traditional critical illness policy. You can renew your policy without any additional medical information for additional 10-year periods. This plan is renewable to age 75. It can be purchased by those 20 to 55.

To qualify for coverage, you only need to answer ‘no’ to some simple health questions. There are no other medical requirements. Benefits are payable to you as a one-time, lump sum payment if you are diagnosed with one of the covered critical illnesses or have undergone a covered procedure. Covered critical illnesses are;

Critical Illness policy premiums can be as flexible as you are. Your policy can be designed to cover you for a set number of years, or for life. You may choose the amount of coverage you want, plus you can even add a “return of premium” waiver which returns as much as 100% of premiums if you do not claim by a predetermined anniversary. As such, a Critical Illness policy can be affordable for every need.

The Critical Illness policy can be personally owned or owned through your corporation. Generally, a policy will pay the benefit following 30 days of the diagnosis of a covered illness. The cash benefit can be used totally at your discression. Items such as mortgages, debt repayment, health care cost, and family travel are examples of what our clients tell us about. While policies can remain in force to age 100, benefits can be purchased to cover you for the period of time you feel your need will last.

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