Guaranteed insurability benefit

This coverage gives the policyowner the option to purchase additional life insurance amounts on the insured without new evidence of insurability. A maximum of 5 options can be exercised.

Issue ages (age nearest)	0 - 40
Amount of insurance when issued	Minimum: $10,000 Maximum - the lesser of: $100,000 200% of the total insurance amount covering the insured
Premium	Fixed and guaranteed Stopped being payable when the premiums for the main coverage on which the insurability coverage benefit was added end
Option periods	Period during which the policyowner can obtain new coverage without evidence of insurability. Option periods coincide with the anniversaries of this coverage where the attained age of the insured person is 25, 30, 35, 40 and 45. Each of these Option periods extends from the 31st day before the coverage anniversary to the 31st day that follows it. Additionally, an Option period may be brought forward if one of the following events occurs: the insured person marries the insured person has a child the insured person legally adopts a child the insured person purchases a homestead where they and their family live or plan to live In such cases, the option must be exercised within the 90-day period following the event. If an option is exercised for one of these events, the next regular Option period will be automatically cancelled. The policyowner cannot then exercise another option in relation to another event prior to this cancelled Option period.
Amount that can be exercised at every option period	Up to the 100% of the amount initially selected
Products available when an option is exercised	The options can be exercised with the following permanent life insurance coverages: Traditional life T100 Whole life guaranteed 10, 15 and 20 Pay Whole life guaranteed to 65 Whole life guaranteed to 100 Participating life Whole Life 10 pay, 20 pay and to 100 – Accelerated growth* Whole Life 10 pay, 20 pay and to 100 – Estate enhancer* Whole Life 5 pay – 5 Pay PAR Universal life T100 * If the Additional Deposit Option is added, evidence of insurability maybe required. For more details, see the Add or change Additional Deposit Option section.
Termination of coverage	The earliest of the following events: on the insured's 45th birthday when the 5th option is exercised the date the main coverage on the policy is terminated the cancellation date the death of the insured