With FlexTerm, clients can build their own term insurance bundles by combining disability income options, critical illness riders, and more, to create solutions that best suit their family's needs!
Ideal for young couples who are looking to reimburse a personal or commercial loan, replace their income, cover their children's education, create an emergency fund and more. FlexTerm is designed for when life happens. It also ensures the versatility they need to secure their financial well-being.
Product features
- Level and decreasing term life insurance
- The decrease is based on a mortgage loan with an interest rate of 8%
- Issue ages: 18-75
- Maximum age is 85 minus the duration of the term selected
- Minimum coverage: $50,000
- Maximum coverage: $10,000,000
- 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
- Yearly Renewable Term (YRT = 1) up to age 90
- Convertible up to age 75
- Built-in benefits:
- Extreme Disability Benefit
- Insurability Benefit
- Term Exchange Option
- Available as an individual or joint first-to-die policy or as a rider
- The rider is only available on an individual policy
Riders
- Accidental Death and Dismemberment (only on individual policy)
- 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
* Restrictions apply.
Relevant Documents Product Guide