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GIC's
Segregated Funds
Guaranteed Life Insurance
Annuities



   


We offer the cheapest Guaranteed Life Insurance in Canada

Guaranteed Life Insurance is designed for seniors, the hard-to-insure and those who do not want to take the time for a medical examination or wait for a doctor's report. There are a number of options available with this plan. It can be purchased by those 25 to 80.

Standard Features

Benefits

Benefit amounts range from $1,000 to $50,000.

Free Terminal Illness Benefit

If you are diagnosed with a terminal illness, you can receive up to 25% of your coverage amount while you are alive. Any amount paid under this benefit will be deducted from your coverage amount at the time of death.

Free Transportation Benefit

If you pass away more than 200 km away from home, up to $2,000 will be paid to transport your body back home.

Cash Value

Starting in the 5th policy year, you can cancel your coverage and receive a percentage of your premiums.

Automatic Premium Loan Provision

Once you have made a number of premium payments, and you miss a payment then the insurance company automatically borrows (with interest) against the policy coverage to pay your missed premium. Any missed payments can later be repaid to return your coverage amount to its full value.

Optional Features

Accidental Death Benefit

The accidental death benefit can equal your benefit amount, or be 3 times, or 5 times your initial coverage. This option is available to those under 65 and the benefit ends at age 70.

Child Term Rider

This option can be purchased for children from 1 month to 18 years of age. It provides $5,000 in coverage per child up to age 21, or age 25 if the child is a full-time student (or until the policyholder turns 65).

Hospital Cash Benefit

This optional benefit pays $25, $50, or $100 a day while you are in hospital up to 180 days and double the benefit amount if you are in ICU (Intensive Care Unit) for up to 30 days.




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