Lifetime Protection

Benefits and Features of CAA Lifetime Protection Insurance Plan

In the event of your death, the coverage will pay your beneficiaries a tax-free lump sum amount. In addition, this plan includes the Living Benefit cash advance that pays you up to 50% advance of your coverage if you are diagnosed as being terminally ill and have only 1 year or less to live.

• The plan is for Canadian residents aged 18 to 75.
• It offers a lifetime protection and the insured will not be required to pay any premium on reaching age 100.
• The coverage amount for this plan range from $50,000 to $500,000.
• The insurance rate for this plan is locked-in forever.
• 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% or a maximum of $100,000. This feature is provided in the Living Benefit cash advance.
• 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.

Ask your Broker about CAA Lifetime Protection Insurance Quotes and Compare!