Preferred Protection

Day one coverage, preferred rates, and simplified underwriting make the preferred protection plan ideal for clients looking for the benefits of a traditionally underwritten coverage option and the simplicity of a no medical plan.
  • Eligibility​
There are three requirements to qualify for coverage under Preferred Protection:
  • 1 Age between 18 to 70;
  • 2 A Canadian resident; and
  • 3 Able to answer NO to 23 qualifying health questions.
Clients may be eligible to buy this policy even if:
  • They’ve been deferred, postponed, or declined insurance for any reason;
  • They have severe or terminal health issues that may render otherwise uninsurable;
  • They are a resident of Canada, even if a landed immigrant and otherwise not a Canadian citizen.
  • Coverage
Clients between 18 to 70, can apply for coverage amounts from $1,000 up to $300,000.
  • Benefits
  • Simplified coverage
The client must be able to answer NO to 23 qualifying questions.
  • Lifetime coverage
Coverage lasts for a lifetime with premiums only payable until age 100. The premium rate will never increase during the life of the policy.
  • No citizenship required
The life insured needs to reside in Canada to qualify, making this plan a suitable fit for applicants without citizenship or who are proceeding on the path to obtaining Canadian citizenship.
  • Day one coverage with instant issue

Specialty Life Insurance’s fast application process can be completed entirely online, and we will provide your client with full coverage the same day.

  • Premiums
Premiums for coverage are determined by the applicant’s gender, date of birth, smoking status and coverage amount selected. These premiums will remain level for the life of the policy.
SEE OTHER PRODUCTS

Quick Quote

Get an instant quote for your clients for all of our plans.