Canada Protection Plan: Simplified Life vs. Deferred Life

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Canada Protection Plan is a Canadian company, which is a leading provider of non-medical life insurance solutions, underwritten by Unity Life.

They offer simplified life plans and deferred life policies.

The difference between the two –

The Simplified life policy
-Plans provide coverage from day one
-offers a wider range of health questions
-Simplified is not available to diabetics requiring daily insulin injections or applicants with chronic kidney disease. These individuals would qualify for the deferred life plan.

The Deferred life Policy
-The number of questions is much more limited (only 6 health questions)Therefore, individuals with more significant health issues can qualify for the deferred life plan.
-The death benefit is limited to a return of premium plus 3% interest in the first 2 policy years for accidental deaths.

-Both plans are available without medical tests and doctors reports.
-They also offer a choice of life pay or 20-year pay payment options.
-Both plans also feature accidental death, hospital cash and a children's term benefit option.

For more details on Canada Protection Plan's, non-medical policy, or any of the other non-medical life insurance plans in Canada,
please contact us at 1-866-899-4849, or visit our Non-medical Life Insurance Quote Page.