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Simplified Elite Term Life Insurance

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CPP Simplified Elite Term Life – An Easy, Fast and Effective Term Life Coverage

The procedures and requirements for procuring insurance coverage can make most people uninterested in the entire process. Insurance application should not be tedious or difficult, this is the concept incorporated into Simplified Elite term life insurance. This insurance plan is easy, simple, and excellent.

If you are relatively healthy or engage in extreme sports, you are perhaps the most suitable candidate for the Simplified Elite term life insurance. Of course, people who have not been able to qualify for some other insurance plans due to some reasons may also qualify for this plan.

What Simplified Elite Term Life Insurance Covers

If you are looking for an efficient insurance coverage with up to $500,000 coverage amount, simplified elite term life insurance may just be your best option. This plan has several plan options including 10-year term, 20-year term, 25-year term and 25 decreasing year term.

  • The minimum face amount for each plan option is $25,000 while the maximum face amount for each varies.
  • With the exception of the 25 decreasing year term, each of the other terms can be renewed to age 80.
  • With the exception of the 25 decreasing year term, each of the other terms is convertible to age 70.
  • Each of the terms includes accidental death benefits and child term optional benefits.
  • Coverage amount for the 25 decreasing year term decreases over a period of 25 years. It can decrease up to the 50% of its initial face value.
  • The 25 decreasing year term can neither be renewed nor converted.
  • This insurance plan is suitable for relatively healthy Canadians and people who are involved in extreme sports activities.

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