Life and Health Insurance

Loan insurance with Term Plus: a must for your clients

Mortgage season is the best time to talk to your clients about loan insurance solution with Term Plus.

 

In addition, did you know that in the fourth quarter of 2017, according to Statistics Canada, household debt in the credit market - mortgages, credit cards, lines of credit - stood at $ 170.4 when expressed as that portion of disposable income?¹ This means that Canadians now owe about $1.70 for every $1 in disposable income they earn in a year. This fact highlights the fact that there is a need for financial planning services: will your clients be able to cover their debts in the event of a premature death, a disability, or a critical illness?

 

By choosing our Term Plus product, whether it is for personal, business or loan insurance needs, you are combining disability credit protection and critical illness coverage with term life insurance ― a tailored and comprehensive solution for your clients.

 

DISCOVER HOW YOUR CLIENTS BENEFIT

• All-in-one insurance coverage to help protect against everyday risks such as premature death, disability or critical illness
• Flexible term options – 10, 15, 20, 25, 30 or 35 year terms, with a decreasing or level insurance amount
• Option to add a disability insurance rider to help meet loan related financial commitments in the event of a disability
• A highly affordable $20,000 critical illness coverage that is automatically granted when Term Plus life insurance is approved at a standard rate (life underwriting only)
• Preferred life underwriting starting at $250,000 rewarding a healthy lifestyle
• Flexibility to cover all loans under one single insurance policy with just one policy fee
• Life and disability insurance amounts may be increased without evidence of insurability, allowing your clients to better meet their changing needs
• Possibility to get a family coverage by adding life insurance for children
• Option to combine our loan insurance solution with whole life, critical illness and term life insurance products for a more comprehensive protection

¹ National Post, Household debt-to-income ratio edges lower: Canadians now owe $1.70 for every $1 earned, March 15, 2018

 

Reach out to new and existing clients with the help of our promotional insert.