A Closer Look: CPP Term Plans

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Since June 2006, Canadian Protection Plan [CPP] has offered various term life insurance plans underwritten by Unity Life. The flagship plans in CPP's lineup are Deferred Term, Simplified Term and Simplified Term Plus.They are all available without a medical and can be purchased online or through a broker. 

The flagship plans in CPP's lineup are Deferred Term, Simplified Term and Simplified Term Plus.They are all available without a medical and can be purchased online, or through a broker.

Before you choose a plan that works for you, take a closer look and see what each one means for your financial future.

Deferred Term

  • There's only a handful of health questions, but be aware of the stringent height and weight table.
  • The death benefit is limited to a return of the premium (plus interest) in the first two years of the policy, unless the death is accidental.
  • The maximum face amount is $100,000.

Simplified Term

  • It comes with a wide range of health questions, but there's still no medical assessment.
  • The death benefit starts from day one.
  • Face amounts up to $150,000

Simplified Term Plus

  • Plus has the lowest premiums in CPP's simplified insurance lineup, but has the widest range of medical questions as well.
  • The death benefit starts from day one.
  • Face amounts up to $150,000

For a free quote, go to our Instant Quote Page or call me directly at 1.866.899.4849.

Posted by .

Chantal Marr is a member of the Independent Financial Brokers of Canada.
Much of her success stems from her ability to listen to her clients' needs.
Read Chantal's background.

16 Comments

  1. Bev 06/17/2009 at 11:03 am

    Interested in getting a term insurance quote.

    thanks Bev

  2. LSM Insurance 06/17/2009 at 11:52 am

    Thanks for the note. We’ll contact you shortly.

    Regards … Lorne

  3. Michael Good 02/20/2010 at 12:56 pm

    Hi: I am a 55 year old male. I work as a Funeral Home Assistant, as well as being self-employed as a cater. I have a monthly income of 2500.00 – 3000.00. I am interested if C.P.P.has a plan to cover loss income due to an accident or illness.
    Thanks.

  4. LSM Insurance 02/20/2010 at 4:48 pm

    Hi Michael, Thanks for the note. I’ll be in touch by email shortly. Regards …

  5. markus downey 02/28/2010 at 11:27 pm

    please contact me about life insurnce at age 72 term life up to age 100.

  6. LSM Insurance 03/01/2010 at 11:49 am

    Hi Markus,

    Thanks for the note. We are happy to help out. I will send you a separate email now. Regards … Lorne

  7. Sylvester 07/17/2010 at 1:35 pm

    I am in my late 60′s and interested in simplified issue coverage policy.I am non smoker and have no serious illness.Please provide me the list of rates. Thanks,

    Sylvester

  8. LSM Insurance 07/21/2010 at 10:16 am

    Thanks for the note Sylvester. The rates will depend on the type of plan, the face amount, your date of birth and smoking status. We are happy to assist further. Our contact details are 1.866.899.4849 or info@lsminsurance.ca

  1. L Kapala 08/26/2010 at 9:55 am

    more information on life insurae esp. for couples, that is availabe.
    also does the benificiary has to be spouse

  2. LSM Insurance 08/26/2010 at 5:22 pm

    Thanks for the note – the beneficiary does not have to be a spouse. We will send you an email with more details now.

  3. Randy 01/11/2011 at 2:54 pm

    I’m interested in insuring myself and my family as well as being able to offer a plan to members of my Real Estate brokerage.

    I’m 39 yrs old…in pretty good health, occasional smoker over the years, social drinker. I take a prescription meds (codeine contin) as a result of bowel surgery I had 10 yrs ago…

    What would the best coverage for me be? I have two kids 10 and 11 as well as a live in girlfriend. My average income is and has been $65K-120k over the past 5yrs.

    Looking for assistance…
    Thank you.

  4. LSM Insurance 01/11/2011 at 5:31 pm

    Hi Randy,

    Thanks for the note – we will send you a separate email now. Regards, LSM

  5. Edna 02/05/2011 at 10:32 am

    My husband has been diagnosed with cancer this week at age 67 and we wonder whether we can claim critical illness on our Sears account CPP insurance for which we have paid premiums for many years also what else is covered under this insurance.

    Thank you for your assistance.

    EW

  6. LSM Insurance 02/05/2011 at 11:24 am

    I’m sorry to hear about things. I would check with you plan administrator to see if your husband’s cancer meets the definition within the policy.

  7. Edna 02/05/2011 at 12:33 pm

    Thank you.

  8. LSM Insurance 02/05/2011 at 4:18 pm

    You’re welcome – sorry we couldn’t be more help!

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