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Term to 100 provides guaranteed lifetime protection with guaranteed premiums payable to age 100. Coverage can range from $100,000 to $3,000,000. A partial return of premiums is available after 10 years. It is available to those aged 20 to 70.
STANDARD BENEFITS Coverage
Coverage amounts can range from $100,000 to $3,000,000. A coverage amount of less than $100,000 may be purchased with a $100 policy fee (instead of $75) if the annual premium is $500 or greater.
Joint Lives
The Term to 100 plan is available on a single life, Joint First-to-Die, and Joint Last-to-Die basis. "Joint First-to-Die," means that 2 people can share one policy and that when one of the policyholders die, the survivor receives the coverage amount. "Joint Last-to-Die," means that 2 people can share one policy and that when both of the policyholders have died, the chosen beneficiary receives the coverage amount.
Return of Premium
At the end of the tenth policy year, if your payments are paid up, you have the option of canceling your policy and receiving back 50% of your base premium payments. This benefit is included at no extra cost.
Smoker Premium
If you smoke, you will receive the non-smoker rates for the first two policy years. Should you stop using cigarettes or cigarillos for a continuous 12-month period before the end of the second policy year, you can continue to receive the non-smoker rate if you complete a Tobacco Usage Questionnaire and submit a urinalysis. This benefit is included at no extra cost.OPTIONAL
FEATURES
Disability Waiver
With this benefit, if you become completely and continuously disabled for more than 6 months, your premiums will be paid until you are no longer completely disabled. This benefit ends when you turn 65. This option is available for those 20 to 60.
Child Term Rider
If you purchase the Term to 100 plan, you can also purchase $10,000 to $20,000 in coverage for your children. This option is available for children 0 to 16 years old. The benefit ends when the child turns 25, or when you turn 65, whichever occurs first. When this benefit does expire, the child may convert the coverage to a term or permanent life insurance plan worth up to 5 times the Child Term rider amount.
PAYMENTS
Premium payments may be made annually, semi-annually, or monthly through automatic banking. The annual policy fee is $75. A multiple-policy discount applies to those policies having the same issue and billing date
Copyright (c) 2009 Canada Protection Plan Inc. All rights reserved. Privacy Policy.
The product pricing and details of coverage described on this website, may vary and/or change without notice in the underwriting insurance companies’ discretion and are not guaranteed. Canada Protection Plan Inc. (CPP) is not responsible for any actions, errors or omissions of such underwriting insurance companies. Further, the product pricing and information supplied is not intended as a recommendation as to the suitability of any and all products shown in this website. We strive to maintain the accuracy of all the information provided on this website; but we can not and do not guarantee the validity or accuracy of any of the information provided or displayed. Our insurance carriers include: Unity Life of Canada, Manulife Financial, Reliable Life Insurance Company of Canada, Western Life Assurance Company and TIC Travel Insurance Coordinators Ltd.
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