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Whole life guaranteed to 100

Whole life guaranteed to 100 is a permanent life insurance that is completely guaranteed. The cost is fixed and it is payable for life.

Features

Main features

  • Paid-up additional benefits from age 65 (excluding Accidental Death, Dismemberment or Loss of Use and Accidental Dismemberment or Loss of Use that are payable until age 70)
  • Generous cash surrender value available as of the 5th year
  • Reduced paid-up insurance available as of the 8th year
  • Eligible for conversions from term insurance without proof of insurability

Product description

Issue age (age nearest)

  • 0 to 80 (or age 99 for Desjardins Insurance group coverage conversions)

Premiums

  • Level

Minimum face amount

  • $10,000

In the case of a conversion from a Desjardins Insurance group coverage.

  • $1,000

Maximum face amount

  • $10,000,000*

Rate bands

  • $1,000 – $9,999 (Only available for Desjardins Insurance group conversions)
  • $10,000 - $24,999
  • $25,000 - $49,999
  • $50,000 - $99,999
  • $100,000 - $249,999
  • $250,000 - $499,999
  • $500,000 and more

Policy fee

  • Basic Coverage: $40
  • Each Additional Coverage: $40

Insured life options

  • Individual
  • Joint 1st to die (2 to 5 insureds)
  • Joint last to die (2 insureds)
  • Joint last to die with death waiver of premiums at 1st death (2 insureds)

Conversion eligibility

  • Yes

Rate reduction program

Sales material

To order, complete and submit the marketing supply requisition form.