You need insurance protection for several things in life. Short-term term insurance only protects for a short term and may not provide the protection you need for a lifetime. If you want a lifetime coverage, the best option for you is CAA Lifetime Protection. This coverage provides the protection you need to safeguard your loved ones even up to age 75 or 80 or after your group plan has ended.
The plan offers a low rate that is locked-in for a lifetime. It is a permanent life insurance coverage designed for Canadian residents between age 18 and 75 (both ages inclusive). Furthermore, this plan offers a lifetime protection and you will not be required to pay any premium when you reach age 100.
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.