Deferred Elite Life

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Product Overview

Without proper insurance, a person is at the risk of spending all of his savings to treat health conditions when they occur. Most insurance providers will hardly offer their service to a person if he has already been diagnosed with a health condition such as cancer or diabetes. However, with deferred elite life insurance, you can be insured even when you already have a less serious health condition.
This plan is generally designed for Canadians classified as hard-to-insure.
However, unlike the deferred life insurance, this plan is designed for people whose health conditions are less serious. Some diabetes, cancer and heart conditions may be categorized under such health conditions.

Plan Options and Features

Deferred Elite Life has two plan options namely, whole life (cash value) and T100 (no cash value). The minimum amount of the plan varies. For the whole life option, the minimum face amount depends on age; for age 18-60, the minimum amount is $10,000 and for age 61-80, the minimum amount is $5,000. The minimum face amount for the T100 is $25,000.

  • The minimum age for procuring this insurance plan is 18.
  • The minimum and maximum face amounts for this plan are determined by the insured’s age and the plan option.
  • The coverage provides an accidental death benefit and child term benefit to the insured irrespective of his age and the plan option. These benefits are optional.
  • The insured is guaranteed a terminal illness benefit irrespective of his age and plan option.
  • Transportation benefit is included in the plan. This benefit does not depend on the age of the insured.
  • This plan is suitable for those who have less serious ailments such as diabetics, heart condition, and cancer.



Additional resources

Learn more about your other 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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