The Canadian Premier Life Insurance Company is an insurance company that provides a variety of insurance products to consumers. These insurance products include: accidental death and dismemberment insurance, accident hospital insurance, accident and sickness hospital indemnity plan, auto injury protection plan, juvenile term life insurance, graded benefit life insurance, catastrophic accident insurance, permanent and total disability insurance, comfort cash, gift accidental death insurance, exceptional value accidental insurance, universal accident insurance, return of premium cancer insurance, lump sum cancer insurance, simplified issue term life insurance, Life 50 Plus insurance and student insurance. If you’re interested in buying life insurance through Canadian Premier, here is more information regarding some of their life insurance products.
One type of life insurance sold by Canadian Premier is simplified issue term life insurance. Term life insurance is a type of life insurance that only covers you for a specific period of time, hence the word “term.” The word ‘simplified’ alludes to the fact that to qualify for this life insurance, you only need to answer three health questions. Under this type of policy, you can get up to $100,000 in coverage. This policy is available to people between the ages of 18 and 59. For the first five years of coverage, your premiums will not go up, and as a bonus, Canadian Premier gives you the first sixty days of coverage for free. With simplified issue term life insurance, you are protected no matter where you are in the world.
Life 50 Plus insurance is another kind of life insurance sold by Canadian Premier. As the name indicates, it is for people between the ages of 50 and 75. The maximum amount of coverage you can get under this plan is $20,000. If you die from a terminal illness while insured under this policy, your beneficiaries will receives an accelerated death benefit. If you r death qualifies as accidental, your beneficiaries will receive five times your life coverage. There is no requirement to undergo a medical exam – all qualified applicants are guaranteed acceptance. This policy will cover you worldwide.
A third type of insurance product is graded benefit life insurance. People between the ages of 50 and 75 can qualify for this insurance. You don’t have to pass a medical exam to get this policy as there is guaranteed acceptance for all qualified applicants. Your premiums for this worldwide coverage will never increase. There’s also juvenile term life insurance that covers people between the ages of 3 months and 21 years. If you have several children, they will all be covered under one premium. Within 5 years, you can fully pay for this insurance policy. Death coverage for each child is $5,000. Another type of insurance product that partially qualifies as a life insurance product is student insurance. Students between the ages of 4 and 22 are eligible for this policy, which includes $5,000 in death coverage. Student insurance is not intended solely or primarily as a life insurance product; it also includes things like psychological assistance and hospital coverage.