Assumption Life Term 15 Life Insurance Policy

Posted on February 14, 2012 and updated February 23, 2012 in Assumption Life, Canadian Life Insurance Companies, Insurance Types, Life Insurance Canada News, Term Insurance 2 min read

Assumption Life‘s Term 15 life insurance policy is available with a level death benefit called their Flex Term Policy or a decreasing in death benefit known as their Flex Option Policy.

The plan offers terrific value to Canadian consumers. It is guaranteed renewable and convertible, and the premiums are among the most competitive in Canada. The following is a comparison of Assumption Life’s Term 15 coverage versus other Canadian carriers:

A 40-year-old, male non-smoker applying for $500,000 of Term 15 coverage

Assumption Life costs $48.60 a month.

Industrial Alliance costs $51.30 a month.

Foresters Life Insurance Company costs $65.25 a month.

Primerica Life Insurance Company costs $74.58 a month.

The one caveat, however: preferred rates are not available with this product. The following helps highlight the difference between preferred and standard rates and who qualifies:

For more details on term life insurance in Canada, please contact us at 1-866-899-4849 or visit our Term Life Insurance Instant Quote Page