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Increase Your Income with ParPlus

If you are interested in getting a reliable protection that will last for a long time and also pay you dividends, participating life insurance is a perfect option for you. The dividends in Assumption Life’s participating life insurance can help reduce the insurance cost, increase the flow of cash and it can even accumulate for a bigger payout.
ParPlus is the right plan for you if you need a plan that guarantees a basic amount upon your death.
In this plan, the premium and cash surrender value is guaranteed never to increase. This makes it possible to benefit from the additional source of income or increase the amount of the insurance protection. However, this depends on the dividend option you choose.

What Makes this Product Stand Out

For coverage from $249,999 and below, ParPlus does not require any medical exam. Besides, the plan is for Canadians between the ages of 18 and 75 (both inclusive). In addition, the premium for this plan can be paid over the period of 20 years or for life and the coverage for this plan ranges from $5,000 to $4,000,000.

  • ParPlus participating life insurance is a very cost-effective insurance.
  • The plan guarantees a basic amount upon your death and also the premiums and cash surrender values are guaranteed never to increase.
  • Depending on the dividend option you choose, you can benefit from an additional source of income or you can increase the amount of your insurance protection.
  • Insurance coverage of $299,999 and below does not require medical exams.
  • The plan is for individuals between 18 and 75 years of age.
  • The coverage provides an optional disability insurance feature which provides a monthly disability income up to $3500 that comes handy when you lose your work due to an injury or illness.
  • The coverage for this plan ranges from $5,000 to $4,000,000.
  • The premiums are payable over the course of 20 years or for life.



Additional resources

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

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

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