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.

10 Responses to “A Closer Look: CPP Term Plans”

  1. Interested in getting a term insurance quote.

    thanks Bev

    Bev thought on June 17th, 2009 11:03 am

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

    Regards … Lorne

    lorne thought on June 17th, 2009 11:52 am

  3. 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.

    Michael Good thought on February 20th, 2010 12:56 pm

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

    lorne thought on February 20th, 2010 4:48 pm

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

    markus downey thought on February 28th, 2010 11:27 pm

  6. Hi Markus,

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

    lorne thought on March 1st, 2010 11:49 am

  7. 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

    Sylvester thought on July 17th, 2010 1:35 pm

  8. 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

    LSM Insurance thought on July 21st, 2010 10:16 am

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

    L Kapala thought on August 26th, 2010 9:55 am

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

    LSM Insurance thought on August 26th, 2010 5:22 pm

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