The Final Expense Plan is a life insurance policy that provides coverage for Canadian residents between the ages of 18 -74. This plan pays your beneficiary a set benefit amount should you die for any reason. There is no medical exam or health questions required to qualify and the policy is in force until the age of 100. Under this plan: your acceptance is guaranteed.
The Final Expense plan includes both a Basic Life Benefit and a complementary Accidental Death Benefit, which is equal to 4 times the face amount of the Basic Benefit.
How are Premiums Calculated?
Coverage options and premiums are dependent only on age, gender, and smoking status. Individuals with health issues will not see their premiums increased on the basis of any present or past conditions.
New applicants are rated in 5-year bands beginning at age 30. At the end of every 5-year band, premiums for the insured are reviewable and may increase. We guarantee, however, that any adjusted premiums will be less than a new applicant would pay at the same age.
There are only two requirements in order to qualify for protection under Specialty Life’s Final Expense Insurance plan:
Under this plan, there are no medical requirements to get coverage, and you cannot be denied for coverage due to health issues if you meet the above criteria.
That means you can receive full coverage even if:
Acceptance is guaranteed:
As long as you’re between 18 and 74 and have a Canadian residence – your application cannot be denied for any reason.
Coverage to Age 100:
No premature cancellations that leave you high and dry without essential coverage.
No appointments are required to apply for this insurance. From searching for quotes to receiving your policy, the entire application can be completed at your convenience, from the comfort of your own home.
Benefit from Accidental Death coverage, providing up to four times benefits for your family at no additional cost.
30 Day Review Period:
Take 30 days to review your policy and if you are not completely satisfied you can cancel and receive a full refund of premiums.
No Citizenship Required:
New to Canada? This plan offers protection where other insurers would require that you wait several years before you can apply.
Your insurance goes the extra mile in securing your final affairs as benefits are paid tax-free, directly to who you trust most.
The basic death benefit will not be paid under the following circumstances:
This policy also includes an accidental death benefit at no additional cost. For Accidental Death Benefit exclusions please find more information here.
Accidental Death Benefit (Complimentary feature of Final Expense Plan)