Early Start Child Term Life

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The Best Insurance You Need for your Children

If the unexpected happens to your child, how would you handle it? Wouldn’t financial consideration of the circumstance add to your financial burden? If yes, you need an appropriate insurance coverage to cover any form of financial issue to help your child and family to focus on recovery. You can use this plan to protect and safeguard your children and grandchildren. This plan offers a tax-free lump sum up to $35,000 and you can obtain it for your children between age 60 days and 12 years, the children are required to be healthy to be eligible for this plan. In addition, this plan also ensures that your child is insurable in the future by making it possible and easy for your child to convert it to some other CAA insurance product before he reaches age 26.

Features and Benefits

This coverage has all the basic features of CAA term insurance and many more. For instance, the insurance rates are locked in, a benefit of a tax-free lump sum will be paid to the insured, etc. Furthermore,  you don’t need any medical exam to apply, you only have to sign a declaration of your child’s health status.

  • The plan are for healthy children aged 60 days to 12 years.
  • The coverage amount ranges from $5,000 to $35,000. The policy holder will be paid a tax-free lump sum when he makes a claim.
  • The plan ensures the future insurability of your children because it provides an option to convert the coverage to CAA 5-Year term life, 20-Year term life, or critical illness insurance before age 26.
  • The insurance rate for this plan is locked-in forever.
  • Until the child reaches age 21, the child’s parent, grandparent or legal guardian can apply and be the policy owner.
  • Once the child reaches age 21, the life insurance amount will automatically triple.
  • If the child dies from a car accident while wearing a seat belt, he policyholder will be eligible for an additional 50% death benefit.
  • In case of suicide within 2 years of the effective date of the coverage, the insured will not be eligible for any benefit.



Additional resources

Learn more about your 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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