At the end of your term, your policy doesn’t just stop -it’s renewable for life! At the end of your first term, the policy renews in 10 year increments until age 85. At age 85, your policy then renews as a Term to 100 with level premiums to age 100. Then at age 100, your policy becomes fully paid up – no more premiums ever!
You can exchange your term policy for a permanent policy up to age 71 – with no medical exam! Our term policies let you lock in lifetime coverage even if you’re completely uninsurable. The convertible feature is also commonly used to get a small permanent policy as you near retirement. When your first term is up, simply use the conversion option then reduce the coverage amount down to the minimum – you’ve now got a small final expense/burial policy without a medical exam! The conversion option is included in your premiums, at no additional charge.
Exchange your term for a newer, longer term policy in the first 5 years of your policy. If you purchase a term 10 for budget reasons, once your budget frees up you can swap to a term 20 or term 30 in the next 4 years – no medical exam! The exchange option is included in your premiums, no additional charge.
Suitable for ages late 40-late 50's seeking family protection until near retirement.
The most common term policy in Canada. Suitable for people with families seeking guaranteed, locked in coverage during their family dependent years.
Guarantees coverage for a full 30 years. Suitable for families with income earners in their late 20's and early 30's.