Underwritten Products

With FlexTerm, clients build their own term insurance bundles by combining disability insurance options, critical illness riders, and more, to create solutions that best suit their needs!

FlexTerm life insurance is an ideal product to cover temporary needs such as the reimbursement of personal or commercial loans, income replacement, children's education, to create an emergency fund, and more.

 
Product features

• Issue ages: 18-75
• Life coverage from $50,000 to $4,000,000
• Electronic application with Lia
• Underwritten product with the option of accelerated underwriting 
• Term options: 10, 15, 20, 25, 30 and 35-years
• Guaranteed premiums
• Guaranteed coverage
• Convertible
• Term exchange option
• Single or joint coverage

Riders

• Accidental Fracture Plus
• Child's Insurance Benefit
• Critical Illness Rider
• Disability Income based on employment income (accelerated issue up to $1,500)
• Disability Income based on loans (accelerated issue up to $1,500)
• Waiver of Premium Upon Death
• Waiver of Premium Upon Disability
• Rider Guide

FlexOptions is a decreasing term life insurance designed to offer your clients better coverage with more flexibility, at level premiums.

Product features

• Issue ages: 18-65
• Life coverage from $50,000 to $4,000,000
• Term options: 15, 20, 25-years
• Electronic application with Lia
• Underwritten product with the option of accelerated underwriting 
• Insurance amount will never decrease below 50% of initial coverage amount
• Guaranteed premiums
• Single or joint coverage
• Convertible
• Portable - follows loan with any financial institution!
• Client chooses the beneficiary - we pay them, not the banks.

Riders

• Accidental Fracture Plus
• Critical Illness
• Disability Income based on employment income (accelerated issue up to $1,500)
• Disability Income based on loans (accelerated issue up to $1,500)
• Waiver of Premium upon Disability
• Rider Guide

* Restrictions apply.
 

Youth Plus offers a quick and easy way to provide guaranteed insurability at little cost. Convert Youth Plus to a permanent or term insurance at age 25, regardless of health status.
 
Product features

• Issue ages: 0 (15 days) to 17 years (payable to age 25)
• Life coverage between $35,000 and $175,000
• Guaranteed insurability (convert at age 25 without proof of insurability) 
• Underwritten product with the option of accelerated underwriting 
• Guaranteed level premiums
• Living benefit ($10,000 for each $35,000 of insurance) when diagnosed with one of the
  following medical conditions:
  • Cancer
  • Cerebrovascular accident (stroke)
  • Heart attack
  • Vital organ transplant
  • Paraplegia
  • Quadriplegia

Riders

• Accidental Death
• Accidental Death & Dismemberment
• Waiver of Premium upon Death, on the owner and payer
• Waiver of Premium upon Disability, on the owner and payer
• Youth Plus life riders, maximum of 5
• Rider Guide

• Issue ages: 18-75
• Life coverage from $10,000 to $4,000,000
• Underwritten product with the option of accelerated underwriting 
• Electronic application with Lia
• Guaranteed premiums 
• Cash values
• Living benefit
• Transportation benefit: 200km/up to $2,000

Riders

• Accidental Death & Dismemberment
• Accidental Fracture Plus
• Child Insurance Benefit
• Critical Illness
• Disability Income based on employment income (accelerated issue up to $1,500)
• Disability Income based on loans (accelerated issue up to $1,500)
• Waiver of Premium upon Death
• Waiver of Premium upon Disability
• FlexTerm life riders, maximum of 5
• Rider Guide

Relevant Documents   Product Guide

• Issue ages: 18 to 75
• Life coverage from $5,000 to $4,000,000
• Life pay or 20-year pay
• Electronic application with Lia
• Underwritten product with the option of accelerated underwriting 
• Guaranteed level premiums
• Single or joint first-to-die coverage
• Part company ownership - ability to vote at Assumption Life's annual general meetings

Riders

• Accidental Death and Dismemberment
• Accidental Fracture Plus
• Child Insurance Benefit
• Critical Illness
• Disability Income based on employment income (accelerated issue up to $1,500)
• Disability Income based on loans (accelerated issue up to $1,500)
• Waiver of Premium upon Death
• Waiver of Premium upon Disability
• FlexTerm life riders, maximum of 5
• Youth Plus life riders, maximum of 5
• Rider Guide

Relevant Documents   Product Guide

• Ages: 0 (15 days)  to 17 years
• Life coverage from $5,000 to $4,000,000
• 20-year pay
• Electronic application with Lia
• Underwritten product with the option of accelerated underwriting 
• Guaranteed level premiums

• Accidental Death and Dismemberment
• Waiver of Premium Upon Death, on owner and payer
• Waiver of Premium Upon Disability, on owner and payer
• FlexTerm life riders, maximum of 5
• Youth Plus life riders, maximum of 5
• Rider Guide

Relevant Documents   Product Guide

• Issue ages: 18 to 75
• Life coverage from $5,000 to $4,000,000
• Life pay or 20-year pay
• Electronic application with Lia
• Underwritten product with the option of accelerated underwriting 
• Guaranteed level premiums
• Single or joint first-to-die coverage
• Part company ownership - ability to vote at Assumption Life's annual general meetings

Riders

• Accidental Death and Dismemberment
• Accidental Fracture Plus
• Child Insurance Benefit
• Critical Illness
• Disability Income based on employment income (accelerated issue up to $1,500)
• Disability Income based on loans (accelerated issue up to $1,500)
• Waiver of Premium upon Death
• Waiver of Premium upon Disability
• FlexTerm life riders, maximum of 5
• Youth Plus life riders, maximum of 5
• Rider Guide

Relevant Documents   Product Guide

• Ages: 0 (15 days)  to 17 years
• Coverage: $5,000 to $4,000,000
• 20-year pay
• Online quick issue product
• Guaranteed level premiums
• Permanent, whole life PAR insurance
• Accelerated issue with no medical exam* for coverage up to $999,999.

Riders

• Accidental Death and Dismemberment
• Waiver of Premium Upon Death, on owner and payer
• Waiver of Premium Upon Disability, on owner and payer
• FlexTerm life riders, maximum of 5
• Youth Plus life riders, maximum of 5
• Rider Guide

Relevant Documents   Product Guide

• Accelerated issue if all answers are "NO"
• Able to submit application even if there is a "YES" answer
• Same easy questions as FlexTerm, FlexOptions and ParPlus

• Issue ages: 18-60
• Coverage from $10,000 to $100,000
• 16 covered critical illnesses
• Term 15 (ages 18-60)
• Term 20 (ages 18-55)
• Term 25 (ages 18-50)
• Term 75 (ages 18-60)
• Term 75 20-year pay (ages 18-50)
• Electronic application with Lia
• Accelerated issue or fully underwritten
• Guaranteed premiums

Riders

• Critical Protection
• Return of Premiums upon Death
• Flexible Return of Premiums
• Rider Guide

Relevant Documents   Product Guide