Term life Insurance
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.
SSQ Insurance becomes Beneva
What does this mean for you? Our FAQ will tell you!
See our FAQ
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 $2,000,000 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.
Coverage type |
Individual, multi-life or joint first to die |
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Available terms |
10, 15, 20, 25, 30, 35 and 40 years |
Issue ages |
Term Plus 10: 18 to 75 Term Plus 30: 18 to 55 |
Insurance amount |
|
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 $2,000,000 (inclusively) for customers aged 18 to 50. |
Additional benefits |
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Complementary protection |
Term Plus insurance can be combined with permanent life, critical illness and universal life (level insurance amount only) insurance products. |
Lean more
Marketing documents are available at the Beneva Document Centre
*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.
Contact Us
- Quebec1-888-292-8483 [email protected]
- Ontario, Western and Atlantic Canada1-888-429-2543[email protected]