Critical illness insurance | An even better offer
Offer even more value to your clients!
Premium reductions of up to 10% will be available for our critical illness insurance products with the return of premiums on cancellation benefit.
Offer even more value to your clients!
Premium reductions of up to 10% will be available for our critical illness insurance products with the return of premiums on cancellation benefit.
Also, take advantage of a higher commission for certain products.
Improvements for you and your clients
Starting November 16
Lower premiums
Premium reductions of up to 10% will be available for our critical illness insurance products with the return of premiums on cancellation benefit.
Enhanced commission
The first-year commission will increase from 40% to 42.5% for these products:
- Health Priorities – Term to 65
- Health Priorities – Term to 75
- Health Priorities – Business, Term to 75
See the difference!
Children
| Product | Return of premiums on cancellation benefit | Insured profile | Insurance amount | Average premium decrease |
|---|---|---|---|---|
| 20 Pay | Automatically included | Child
Ages 5 and over |
$10,000 or more | ↓ 3% |
Adults
| Products | Return of premiums on cancellation benefit | Insured profile | Insurance amount | Average premium decrease |
|---|---|---|---|---|
| 10 Pay
20 Pay |
Automatically included | Female
Male Ages 30 and over |
$10,000 or more | ↓ 7% |
| Term to 65
Term to 75 |
Must be added as an option | ↓ 4% | ||
| To 100 | Must be added as an option | ↓ 4% |
Health Priorities – Business
Used with the Executive Health Plan (EHP)
The cost of the return of premiums on cancellation benefit (health benefit) is reduced, which helps decrease the portion paid by the shareholder / key employee.
Examples
| Products | Insured profile | Insurance amount | Average premium decrease |
|---|---|---|---|
|
Term to 75 Term to 100 |
Female
Ages 40 and over |
$500,000 or more | ↓ 3% |
| Male
Ages 40 and over |
↓ 7% |
These are just a few examples. Other price reductions apply too!
Application already submitted and under review as at November 16
The new pricing will be applied. If the premium is reduced, you’ll see a request for an updated illustration in the Pending Business tool (PB tool).
Illustration saved before November 16
Make sure to update it before importing it into the e-application.
Policies issued before November 16
The previous rates will be maintained in keeping with the illustration presented to the policyowner.
Questions?
Contact our business development team – Insurance.