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Assumption Life Term 10 Plus Coverage
40 and Under?
Assumption Life's Universal Life Odyssey Plan
may be something to consider.
Photo by Zach Suggs
Assumption Life's Term 10 policy is generally referred to as "T-10 Plus".
It offers traditional term life insurance and is available to insured's age 18 to 65. Premiums are level to the initial ten policy years and increase at each 10-year increment. The plan is guaranteed renewable without a medical to age 80 and is convertible to a permanent plan prior to age 65.
The conversion feature is augmented by the fact that Assumption Life's permanent portfolio includes their Universal Life Odyssey Plan. This policy is particularly competitive in the 40 and under age group and is one of the only Universal Life policies in Canada to offer a built-in guaranteed cash surrender value, even at the minimum premium.
For more details on Term 10 life insurance policies in Canada, please contact us at 1-866-899-4849 or visit our Term Life Insurance Instant Quote Page.
Posted by Chantal Marr.
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