Deferred Term Life Insurance Solutions in Canada
February 20th, 2012Deferred term life insurance policies mean that the insured is covered for the length of the term, but should death occur within the first two policy years, the death benefit payment is limited to a return-of-premium plus interest.
The two primary deferred term policies providers in Canada are Industrial Alliance and Canada Protection Plan, underwritten by Foresters.
The following is a snapshot of the difference between the two carriers:
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