Individuals Businesses & Groups

Advisor Corner |
FR

Assumption Life

Term Life Insurance

Term insurance offers coverage for a fixed period of time, for a certain number of years for example, 15, 20 or 25 years or up to a given age. As a result, term life insurance premiums are lower than permanent life insurance premiums.

Term life insurance is most suitable for anyone:

seeking flexibility and low cost.
with temporary debts, such as a mortgage.
owning a small business with debts or high start-up costs.
owning a business with significant coverage requirements, for example, to protect a partner or fund a buy-sell agreement.

FlexTerm

No medical exam required for life insurance coverage of $499,999 or less
For individuals aged 18-75
Coverage ranging from $50,000 to $4,000,000
Renewable and convertible
Option to increase the term

FlexOptions

For people aged 18-65
Terms of 15, 20 or 25 years
Disability insurance option
In most cases, no proof of mortgage required
Convertible into a permanent policy
Insurance amount will never decrease below 50% of initial coverage amount

Youth Plus

For children aged 15 days-17 years
Premiums remain the same for the life of the contract
Child’s coverage (guaranteed death benefit) will not decrease until age 25
Simplified issue, no medical exam

No Medical Term Immediate

For individuals aged 20-70
No medical exam, no blood tests
Coverage ranging from $50,000 to $250,000
Renewable and convertible

No Medical Term Deferred

For individuals aged 20-70
No medical exam, no blood tests
No attending physician statement
Coverage ranging from $50,000 to $150,000
Coverage deferred for the first two years of the policy