Term life Insurance

Term Plus

An insurance solution for life, plus your mortgage and loans.

Offer a term life insurance solution that combines all the options your customers might need for their situation and stage of life.

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Advantages of Term Plus

 

Flexibility and options for customized coverage

Satisfy all your customers’ needs with this unique product that includes all the necessary options.

 

Perfect solution for insuring loans

Your customers can protect their loans and get a very useful insurability benefit if they take out a new loan.

 

Reassuring coverage in the event of disability

Your customers benefit from extreme disability coverage at no additional cost and can choose a rider in the event of total disability.

Term Plus offers a host of other benefits

Affordable and guaranteed premiums

Our premiums are among the best for all terms* and they are guaranteed for the duration of the policy.

Competitive compensation

For this type of product, you are remunerated according to market standards.

Excellent exchange program

Your customers may exchange to a longer term between the 1st and 5th policy anniversary, for all level insurance amount terms.

Terms to cover all needs

A number of terms are available, including one for 40 years to address the needs of the business clientele.

Advantageous riders

Riders in the event of critical illness and total disability provide more comprehensive coverage to your customers.

User-friendly and convenient electronic application

Applications are completed in real time and the underwriting process begins immediately

Easy underwriting process

No medical exam for coverages of $1,000,000 or less (age 18-45). Underwriting requirements may be required depending on the Predictive Analytics results.

For more information about Predictive Analytics, refer to our FAQ.

Term Plus Features

Coverage type

Individual, multi-life or joint first to die

Available terms

10, 15, 20, 25, 30, 35 and 40 years

Issue ages

Term Plus 10: 18 to 75
Term Plus 15: 18 to 70
Term Plus 20: 18 to 65
Term Plus 25: 18 to 60

Term Plus 30: 18 to 55
Term Plus 35: 18 to 50
Term Plus 40: 18 to 45

Insurance amount
  • $25,000 to $10M

    Preferred rates starting from:
    $500,000 for age 51 and above
    $1,000,001 $ for age 18 and above

  • Level insurance amount or decreasing to 50% of the initial insurance amount
  • Insurance amount may be increased, without new evidence of insurability, thanks to the insurability benefit

Premiums

Affordable and guaranteed premiums

Renewal

Renewable every 5 years, after the initial term, up to age 85, without new evidence of insurability

Conversion

Convertible into a permanent life insurance, before age 71, without new evidence of insurability

Exchange program

Exchangeable for a longer term during the first 5 years of the policy, without new evidence of insurability

Insurability benefit (included)

It is possible to increase the insurance amount, without new evidence of insurability, when obtaining a new loan or increasing an existing one.

Extreme disability benefit (included)

Part of the initial insurance amount may be payable in advance in the event of extreme disability.

Evidence of insurability

No evidence of insurability automatically required for insurance amounts up to $1,000,000 (inclusively) for customers aged 18 to 50.

Additional benefits
  • Total disability rider (credit protection)
  • Critical illness rider (3 illnesses, $20,000)
  • Child rider (life insurance for dependent children)
  • Waiver of premiums in case of total disability
  • Accidental death and dismemberment
  • Benefit in case of fracture

Complementary protection

Term Plus insurance can be combined with permanent life, critical illness and universal life (level insurance amount only) insurance products.

*Based on a market study carried out on October 7, 2019, with LifeGuide data based on predefined criteria and comparable products.

This page is provided for information purposes only. It is not intended to describe all the provisions, exclusions and limitations applicable to a benefit or a specific insurance policy. For a complete description of the provisions, exclusions and limitations please refer to the policy.

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