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CIBC: Five Year Term Life Insurance Policy
Check out CIBC's
5-year Term Plan
Photo by Lupaz
CIBC's five year term life insurance policy is underwritten by Manulife Financial. The policy is available in increments of $50,000, $75,000 or $100,000 and the premiums are fixed for the first five policy years.
The plan is available to applicants who are 18 to 65 and also offers a built-in living benefit of up to $50,000. and a cancer benefit of up to $10,000, as well as the waiver of premium benefit. A couple of caveats with the policy include the fact that it is not convertible to a permanent plan.
In terms of pricing, a 40-year-old, male non-smoker would pay the following premiums:
$50,000.00 – 5-year term is $11.57 /month
$75,000.00 – 5-year term is $15.35 / month
$100,000.00 – 5-year term is $19.14 / month.
For more details on how CIBC's term life insurance policy compares with other term life 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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