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ParPlus Junior

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A Robust Participating Life Insurance for Children

Children, as well as adults, need adequate protection. An insurance coverage that provides investment benefit is the best form of coverage for children.
With ParPlus Junior, you can secure the future of your child and provide adequate coverage for him or her.
The policy provides a safe investment platform for your child and it offers guaranteed cash value and also pays an annual dividend. There are five different dividend options available for the policyholder to choose. The dividends obtained from this plan can be used to reduce your premiums and they can equally be used to procure extra permanent insurance for your children. The premiums for this plan are guaranteed and they will never increase, however, the dividend sum paid could vary.

Top Features and Benefits

ParPlus covers youths whose falls between 15 days and 17 years. In addition, the plan offers a 20-year pay. This means that you can pay your premiums over a 20-year period. Furthermore, the protection or coverage benefit for this plan ranges from $5,000 to $4,000,000 and coverage from $249,999 and below does not require any medical exam.

  • The plan is for children aged between 15 days and 17 years.
  • The coverage benefit or protection for this plan ranges from $5,000 to $4,000,000.
  • The coverage offers 20-year pay.
  • Coverage from $249,999 and below does not require any medical exam.
  • The policy offers a safe investment component via its guaranteed cash value and it also pays an annual dividend.
  • Five different dividend options are available for policyholders to choose.
  • The dividends can be used to reduce your premiums and they can even be used to buy extra permanent insurance protection for your child.
  • The premiums for this plan are guaranteed and will never increase but the amount of dividend paid will vary.

 

 

Additional resources

Learn more about other life 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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