Guaranteed Protection

The guaranteed protection plan offers up to $50,000 in benefits amounts and requires no medical exams or health questionnaires to apply for coverage. This plan is built for simplicity, ease, and speed with a straightforward application and instant issue policies.
  • Eligibility​
There are two requirements to qualify for up to $50,000 in coverage under Guaranteed Protection:
  • 1 Clients are between the ages of 40 and 79; and
  • 2 Clients have a permanent Canadian address as evidence of Canadian residency.
Your clients may be eligible to buy this policy even if:
  • They have been deferred, postponed, or declined insurance for any reason;
  • They have severe of terminal health issues that may render them otherwise uninsurable;
  • They are a resident of Canada, even if you are a landed immigrant and otherwise not a Canadian citizen.
  • Coverage
Clients can apply for $1,000 up to $50,000 of coverage without any health questions.
During the first two years of coverage, the benefit is equal to a total sum of premiums paid plus 3% simple interest in lieu of the sum insured. After this two year period, full benefits are payable equal to the coverage stated.
  • Benefits
  • Guaranteed acceptance
There is no medical underwriting, ensuring all applicants who meet the age and residency requirements are covered.
  • Coverage up to $50,000
Industry-leading coverage amounts give you the flexibility to cover liabilities with a tax-free death benefit.
  • No citizenship required
The life insured needs to be a permanent Canadian resident to qualify, making this plan a suitable fit for applicants without citizenship or who are proceeding on the path to Canadian citizenship.
  • Instant issue
Specialty Life Insurance’s fast application process can be completed entirely online, and we will provide you with an issued policy in as little as one business day.
  • Premiums

Premiums for coverage are determined by the applicant’s gender, date of birth, smoking status and coverage amount selected.

Premiums are not guaranteed and may be adjusted based on the expected experience for that risk group, but not more
frequently than once in twelve months.


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