No Medical

Simplified Elite Term Insurance

Reliable No Medical term life insurance designed for those in relatively good health

health icon

Who should consider
Simplified Elite Term?

Simplified Elite Term life insurance is an excellent plan for an applicant who is relatively healthy or who engages in extreme sports. Those who have previously been declined for life insurance may also qualify. It is also an excellent term life insurance plan for someone who wants to get insurance coverage fast. The application process is no medical and coverage up to $500,000 is available.

How much insurance can I buy?

18-6010 year term

$ 99

Per Month

Years Old

  • Minimum Face Amount $25,000
  • Maximum Face Amount $500,000
  • Renewal Period to age 80
  • Convertible to age 70
OPTIONAL BENEFITS
  • Accidental Death Benefit
  • Child Term Benefit
  • Hospital Cash Benefit

61-7010 year term

$ 99

Per Month

Years Old

  • Minimum Face Amount $25,000
  • Maximum Face Amount $350,000
  • Renewal Period to age 80
  • Convertible to age 70
OPTIONAL BENEFITS
  • Accidental Death Benefit
  • Child Term Benefit
  • Hospital Cash Benefit

18-6020 year term

$ 99

Per Month

Years Old

  • Minimum Face Amount $25,000
  • Maximum Face Amount $500,000
  • Renewal Period to age 80
  • Convertible to age 70
OPTIONAL BENEFITS
  • Accidental Death Benefit
  • Child Term Benefit
  • Hospital Cash Benefit

18-5525 year term

$ 99

Per Month

Years Old

  • Minimum Face Amount $25,000
  • Maximum Face Amount $500,000
  • Renewal Period to age 80
  • Convertible to age 70
OPTIONAL BENEFITS
  • Accidental Death Benefit
  • Child Term Benefit
  • Hospital Cash Benefit

18-60*25 decreasing year term

$ 99

Per Month

Years Old

  • Minimum Face Amount $25,000
  • Maximum Face Amount $500,000
OPTIONAL BENEFITS
  • Accidental Death Benefit
  • Child Term Benefit
  • Hospital Cash Benefit
  • The coverage amount decreases over 25 years to 50% of the initial face amount. Not renewable or convertible.

What is important to know about Simplified Elite Life?

Simplified Elite Term provides coverage for a fixed period of time. It is available with coverage for 10 years, 20 years or 25 years.

The Simplified Elite 25 year Term plan is available both in level term and decreasing term versions. The insurance coverage of the decreasing term version reduces over the 25 year term period, to cover a 25 year mortgage.

Unlike many other No Medical insurance plans, Simplified Elite Term provides immediate coverage with no waiting period.

Simplified Elite 10 and 20 Year Term and Level Simplified Elite 25 Year Term policies are renewable for additional term periods up to age 80 without having to provide evidence of insurability. Decreasing Simplified Elite 25 Year Term is not renewable.

All Level Simplified Elite Term plans are convertible up to age 70, to Simplified Elite permanent insurance plans.

What options do I have to pay premiums?

Premium options include annual payments by cheque or credit card and monthly payments by pre-authorized bank debits.

What guarantees exist under this plan of insurance?

  • For level term insurance plans, the coverage amount will never decrease for the life of the policy, whether that is 10 years, 20 years or 25 years.
  • The premiums quoted when the policy is issued are guaranteed not to change for the life of the policy.
  • Satisfaction guaranteed or your 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 those 10 days, we will refund your premium, no questions asked.

What additional NO COST benefits are included with every Simplified Elite Term 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 are just a few listed, when you receive your policy, all benefits will be outlined.

  • an online document preparation service helps create customizable wills, powers of attorney and healthcare directives *
  • a competitive scholarship program to help with the rising cost of post-secondary education
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • a financial grant allows members to create local activities that foster fun family time through unique opportunities
  • an easy-to-use learning library offering a diverse range of over 200 online courses that can be accessed anytime, anywhere
  • a monthly payment for orphans up to the age of 18 upon the death of both parents

LawAssure online document preparation service is provided by Epoq, Inc. Epoq is an independent service provider and is not affiliated with Foresters. Not available in Quebec, the Yukon, the Northwest Territories and Nunavut. LawAssure is not a legal service or legal advice and is not a substitute for legal advice or services of a licensed legal advisor. Foresters Financial, their employees and life insurance representatives, do not provide, on Foresters behalf, legal, estate or tax advice.

What additional optional benefits may be added to a Simplified Elite Term policy?

For an additional premium, depending on your age, you may be eligible to add any of the following additional benefits:

  • A term insurance rider that will provide a low cost option to increase your coverage for a temporary period of time. The term rider can be for any period that is shorter than the plan it is attached to.
  • Accidental Death Benefit which will pay up to 5 times the basic life insurance death benefit. This benefit will pay the chosen additional amount if the cause of death is accidental (as defined in your policy).
  • Child Term Benefit which insures each eligible child for $5,000, $10,000 or $15,000.
  • Hospital Cash Benefit which pays a chosen daily benefit upon the hospitalization of the Insured

When it comes to life insurance, Simplified Elite Term Insurance offers the affordability you need with the optional benefits you want, allowing you to tailor your term life insurance to fit the needs of your loved ones.

Regardless of your health history, stage of life, lifestyle, or priorities, Simplified Elite Term coverage can help you meet your life insurance goals whether they are:

  • Covering final expenses, including the cost of a funeral
  • Ensuring loved ones are not left covering outstanding debts, such as mortgage
  • Leaving a legacy for a charitable cause close to your heart
  • Leaving a gift for loved ones or family members

Use our Quick Quote tool to see how affordable your premiums can be, and to compare the rates of some of our most popular term life insurance plans.

As a leading provider of No Medical and Simplified Issue Life Insurance, we make it easier than ever to secure coverage you can count on. Apply now and you could be covered in as little as a day.

 

WEB139-0821EN

calculator icon
Insurance Calculator

How much life insurance coverage do I need?

LET'S GO
clock icon
Quick quote

Compare our rates with similar plans and benefits.

CHECK IT OUT
phone icon
Call us today!

Send us an email or call us for a no obligation quote toll-free at 1-877-851-9090

CALL NOW

WEB125-0521EN