Canada Protection Plan’s Deferred Term Policies

Posted on January 20, 2011 and updated January 20, 2011 in Canada Protection Plan, Canadian Life Insurance Companies, Insurance Types, Life Insurance Canada News, Non-medical 2 min read

Canada Protection Plan offers three non-medical life insurance term policies:

* Deferred Term Coverage – Non-accidental deaths are limited to a return-of -premium plus interest in the first two policy years.
* Simplified Term Coverage – This policy has additional health questions, but provides coverage from day one.
* Simplified Term Life Plus Coverage – This plan includes the most stringent and serious of health questions among the three.  However, it also has the lowest premiums of the three and coverage begins on day one.

Canada Protection Plan’s Deferred Term plans are available in Term 10, Term 20 and Term 100 varieties.

The following is the pricing for these Deferred Term policies:

$100,000.00 – Deferred Term 10 Coverage

30-year-old male – Non-smoker: $26.64/month, Smoker: $32.22/month.

40-year-old male – Non-smoker: $32.94/month, Smoker: $55.35/month.

50-year-old maleNon-smoker: $61.38/month, Smoker: $140.13/month.

60-year-old maleNon-smoker: $152.73/month, Smoker:$352.89/month.

$100,000.00 – Deferred Term 20 Coverage

30-year-old male – Non-smoker: $28.17/month, Smoker: $38.16/month.

40-year-old maleNon-smoker: $41.31/month, Smoker: $84.06/month.

50-year-old male – Non-smoker: $92.34/month, Smoker: $210.51/month.

60-year-old maleNon-smoker: $242.91/month, Smoker:$473.76/month.

$100,000.00 – Deferred Term 100 Coverage

30-year-old male – Non-smoker: $95.04/month, Smoker: $131.31/month.

40-year-old maleNon-smoker: $141.84/month, Smoker:$207.63/month.

50-year-old maleNon-smoker: $228.69/month, Smoker:$353.52/month.

60-year-old maleNon-smoker: $400.23/month, Smoker:$632.25/month.

For more details on non-medical life insurance in Canada, you can contact us at 1-866-899-4849 or visit our Non-Medical Life Insurance Quote Page.

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