Simplified Elite Life Insurance

Options and Features

The major difference between the two plan options is the minimum face amount for each option. For the Whole Life option, the minimum face amount for insured less than 61 is $10,000 and it is $5,000 if the insured is 61 and above. The minimum face amount is $25,000 irrespective of the Insured’s age in the T100 option.

• The insured’s age determines his minimum and maximum face amount for the two options included in the plan. Generally, the face amount becomes smaller with the insured’s age.
• The plan attracts an optional accidental death benefit irrespective of the option you choose and your age.
• You also benefit from the child term benefit, an optional benefit, irrespective of your age and the option you choose.
• You have an option to obtain child term and cash hospital benefit no matter your age and the plan option.
• You are guaranteed terminal illness benefit and transportation benefit for any option you choose and irrespective of your age.

Similar Canada Protection Plan Insurance Products

• Life

Life

• Preferred Life
• Preferred Elite Life
• Deferred Elite Term Life Insurance
• Simplified Elite Term Life Insurance
• Preferred Term Life Insurance
• Preferred Elite Term Life Insurance
• Guaranteed Acceptance Life
• Simplified Elite Life Insurance
• Deferred Life
• Deferred Elite Life

Additional resources

Learn more about your other insurance options from these informative articles.