Finance

Oct 11 2017

Canada Protection Plan, Deferred Life Insurance, simplified life insurance.#Simplified #life #insurance


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No Medical Deferred Life Insurance

Simplified life insurance

HOW MUCH INSURANCE CAN I BUY?

Issue Ages and Amounts

Issue Ages and Amounts

Simplified life insurance

What is important to know about Deferred Life?

What options do I have to pay premiums?

What guarantees exist under this plan of insurance?

  • The coverage amount will never decrease for the life of the policy.
  • Premiums are guaranteed not to change for the life of the policy.
  • Policies accumulate guaranteed cash values beginning in the fifth policy year. You can use these cash values to pay premiums for as long as there are sufficient cash values. If you choose to cancel your policy, any remaining cash value will be paid to the policy owner.
  • Satisfaction guaranteed or money refunded – all Canada Protection Plan™ policies include a 10 Day Free Look Guarantee that gives you 10 days from the date you receive your policy to review it and decide if it is right for you. If you decide to return your policy in that 10 days, we will refund your premium, no questions asked.

What additional benefits are included with every Deferred Life insurance policy?

In addition, all Canada Protection Plan policies may include a number of non-contractual member benefits, offered by Foresters Life Insurance Company, the company which underwrites our policies. These benefits may include:

  • competitive scholarships for tuition for higher learning worth up to $8000
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large scale emergency
  • a monthly payment for orphans up to the age of 18 upon the death of both parents
  • money management assistance to provide confidential financial help by accredited counselors
  • legal link, which gives you access to specific complimentary and discounted legal services, such as wills, home ownership and family law

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