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Preferred Life

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A Robust Plan for Individuals with Good Health

Life insurance usually requires a medical exam and some protruded procedures that may make it a bit uneasy for everyone to leverage.
Preferred Life insurance is created to offer a definite solution to this hassle by providing easy, simple and fast application process without the need for any medical exam and effective in all aspects.
If you are in need of a life insurance that would amount up to $500,000 yet without any medical exam, Preferred Life is probably the best option for you. This life insurance includes a coverage amount up to $1,000,000. The minimum application age for this plan is 18 while the maximum age is 70.

Features and Benefits

The Preferred Insurance plan has two plan options: Whole Life (Cash Value) and T100 (No Cash Value). The benefits of these two options are applicable for the insured between the age 18 and 80. Both options have similar features including benefits and face amounts.

  • The minimum and maximum face amounts for the two plan options each are respectively $50,000 and $1,000,000.
  • 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.
  • An optional hospital cash benefit also applies to each of the options in this plan.
  • 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.
  • The plan is exclusively for people under age 70.
  • The application process for this plan is simple, easy and fast.

 

 

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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