Policy wording – Non-Medical Permanent Life Insurance Foresters

Permanent Life insurance does not expire as long as premiums
are paid, therefore you can be confident your loved ones will
be provided for if death occurs. There are four plans available: Acceptance Life; Deferred Life; Simplified Life; and Simplified Life Plus. Qualifying for Simplified Life Plus means you can have a higher death benefit amount which will last the rest of your life, as long as the premiums are paid.

• »  Permanent Life usually costs more than Term insurance.
• »  Premiums will never change or increase.
• »  Canada Protection Plan’s permanent life products are available as a Life Pay or 20 Pay policy. If you select Life Pay, you pay level premiums throughout the rest of your life. If you select 20 Pay, you pay the total premium owing by the 20th year of the policy.
• »  Acceptance Life – if you are between 40 and 80 years of age and have been declined for life insurance, you may be eligible. You answer only two simple questions to qualify. Coverage begins after the first two years from the time your policy is issued, and your premium is returned with 3% simple interest if death occurs within two years following the issue of

  your policy.

• »  Deferred Life – if you have been declined for life insurance in
  the past two years, you may qualify for Deferred Life permanent insurance. Coverage begins after the first two years from the time your policy is issued, and your premium is returned with 3% simple interest if death occurs within two years following the issue of your policy.
• »  Terminal Illness Benefit included with life policies – 25% of the death benefit upon diagnosis of a terminal illness (after 2 years from the issue date for acceptance and deferred policies)
• »  Transportation Benefit included with life policies – we will pay the cost to transport the insured’s body back to their principal residence if death occurs over 200 km away not exceeding
  $2 per km to a maximum of $2,000 CDN.

ACCEPTANCE LIFE*

» Coverage begins after 2 years » Terminal Illness Benefit » Age 40-80 » Transportation Benefit

» $2,500-$50,000

DEFERRED LIFE

» Coverage begins after 2 years » Terminal Illness Benefit » Age 25-80 » Transportation Benefit » $1,000-$50,000

SIMPLIFIED LIFE

» Age 25-80 » Terminal Illness Benefit » $1,000-$50,000 » Transportation Benefit

SIMPLIFIED LIFE PLUS

» Age 25-80 » Terminal Illness Benefit