No medical tests are
included with Union
of Canada's Protection Plus.
Photo by Montage Communications.
A non-medical life insurance policy called Protection Plus is now available from Union of Canada.
The policy is available to insured people age 45 to 75 and the amount of insurance can range from $5,000 to $25,000 of coverage. The premiums on the policy are guaranteed paid-up at the end of 20 years.
The plan offers a guaranteed cash value with reduced paid-up amounts of insurance are available after the 10th anniversary of your possession of the policy. The death benefit is limited to a return-of-premium plus 10% interest in the first two policy years for a non-accidental death.
Premiums are based on age nearest pricing. The following is an example of $10,000 of coverage for both a 60-year-old male and female. The policy uses a blended non-smoker/smoker rate. This is an advantage to smokers and an obvious disadvantage to non-smokers who normally receive a discount on other plans that don't offer a combined rate:
A 60-year-old male would pay $54.78 per month.
A 60-year-old female would pay $42.83 a month.
For more details, you can contact us at 1.866.899.4849 or visit our Non-medical Life Insurance Quote Page.