I had the opportunity to recently sit down with Barry Rubin, Director of Business Development at SSQ Financial Group to answer some questions and give us a breakdown of SSQ’s unique Term Insurance offerings. Here is what he had to share with us:
What are some some of the features of SSQ Term Plus program
Terms are available from 10 to 35 years and are renewable on a 5 year basis rather than the length of the original term. There is an Insurability Benefit feature built in which the insurance amount can be increased without evidence of insurability upon certain life events or when obtaining a new loan or increasing an existing one.
The insurance amount may be increased up to 25% of the initial insurance amount to a maximum of $100,000.00. There is also a Disability Insurance (DI) rider can be added which covers clients loans of 1.5% of the face amount up to $3500/month indemnity and proof of the loans are not required until time of claim.
A Critical Illness (CI) rider can also be added which covers cancer, heart attack and stroke and offers $20,000 in benefit. The unique feature of the CI rider is that if the client is standard on the Life policy, they can get the CI rider as long as it was indicated at the time of application.
SSQ Financial Group is the only company offering a built in Extreme Disability Benefit. How does it work
Included in all of SSQ’s life policies is the Extreme Disablitiy Benefit at no charge to the client. If the insured is in a state of extreme disability for a continued period of 6 months, 50% of the initial insurance amount may be payable in advance up to a maximum of $250,000.
How does the SSQ Financial Group Term Conversion Option work?
SSQ offers a full or partial conversion on it’s Term policies. They also have a full range of permanent policies which can be converted as well.
Want to learn more about SSQ and all they have to offer? Check out this video I did with Barry Rubin where we took an in-depth approach to SSQ.
