Guaranteed Issue Life

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A Guaranteed Issue Life Plan with Amazing Benefits

Most insurance coverage require that you go through several medical exams and answer health questions before you meet the eligibility criteria but you don’t really need such a tedious process to get the coverage you want. Guaranteed Issue Insurance provides features that make obtaining the coverage you want seamless. As the name implies, the insured’s acceptance to the CAA guaranteed issue life is guaranteed provided he meets the eligibility requirements, irrespective of your health status. This plan is affordable and also it provides a reliable way to beef up the level of security you leave for your l oved ones. It is available for Canadian residents between age 40 and 75. Furthermore, you can benefit from the CAA Member Exclusive Benefit which ensures that your coverage will increase by 2% each year up to 25 years at no additional cost.  

Key Features

The guaranteed issue insurance offers a lifetime protection to the insured. Furthermore, the plan provides a coverage range from $5,000 up to $25,000. In addition, once the insured reaches age 95, he will not be required to pay a premium. Also, in the event of the death of the insured, his beneficiaries will receive a tax-free lump sum benefit.

  • The plan is for Canadian residents aged 40 to 75.
  • Your acceptance is guaranteed as long as you meet the eligibility criteria irrespective of your present health status.
  • The coverage amount for this plan range from $5,000 to $25,000.
  • No medical exam or medical question is required to apply for this plan.
  • The insurance rate for this plan is locked-in forever and will not increase.
  • If you die within the first 2 years of your coverage of non-accidental cause, you will be eligible for a return of premiums with interest.
  • If you die due to an accident before reaching age 85, your coverage could be increased by 5 times, thanks to the Accidental Death Benefit.
  • In the event of your death, your beneficiaries will receive a tax-free lump sum.
  • If you are diagnosed with a terminal illness with barely 12 months or less to live, you could receive an advance up to 50%. This feature is provided in the Living Benefit cash advance.
  • The plan offers a lifetime protection to the insured. You will not be required to pay any premiums when you reach age 95.
  • To help you make informed healthcare decisions, the plan includes Health Service Navigator.
  • 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.

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