Guaranteed Issue Life Insurance
Issue age
From 18 to 70 years old inclusively
Benefits offered
Term 10 or Term 20 years : minimum $5,000, maximum $100,000 * Term 100: minimum $5,000, maximum $100,000
Renewal
Term 10 or 20 years: guaranteed renewal until age 80
Premium
Guaranteed premium for the chosen period
Pre-existing condition clauses
N/A
Deferred period
No benefit during the 24 months period following the underwriting except in the event of an accident
Eligibility temporary resident
Are you a Canadian citizen, permanent resident, or have you been a temporary resident for at least three years (excluding visitor, tourist, refugee, diplomat, ambassador or embassy staff)?
If the answer is YES: eligible for all coverages without limitation based on the residency status.
If the answer is NO: limited to $100,000 for Life insurance T10-T20 and T100 combined but no limitation based on the residency status for all the other coverages.