Multi-Term Life

Features Involved in CAA Multi-Term Life Insurance Plan

The multi-term life insurance has coverage amount ranging from $50,000 to $1,000,000. In addition, the insurance rate for this plan is locked-in for the duration of the plan you choose. The plan also includes Living Benefit cash advance and also guaranteed renewable up to age 75. You can also convert it to a Lifetime Protection plan before age 71.

• The plan is for Canadian residents aged 18-65 (10-Year term), 18-60 (15-Year term) and 18-55 (20-Year term).
• The plan includes an optional 2% CAA Member Exclusive Benefit. This benefit guarantees that your coverage will increase by 2% per year up to 5 years.
• The coverage amount for this plan range from $50,000 to $1,000,000.
• The insurance rate for this plan is locked-in for a period of the term you choose.
• The plan also includes Critical Illness Benefit up to a maximum of $15,000.
• In the event of your death, your beneficiaries will receive a tax-free lump sum.
• The plan can be converted to the CAA Lifetime Protection Plan before you reach age 71.
• 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 Multi-Term Life Insurance Quotes and Compare!