Term Life Insurance

A very affordable product, term life insurance, as its name indicates, offers coverage at a lower cost for a fixed term or period of time.

Why term life insurance?

Do you have short- or medium-term projects or specific commitments to honour (a mortgage loan, business commitments, children for whom you wish to provide an income)? If you’re looking to carry out your projects successfully and without financial worries, term life insurance is the answer for you.

In addition to being available for terms of 10 or 20 years, our term life insurance is, above all, renewable and convertible to whole life insurance.

• Renewable up to age 85: Provided the policyholder pays a premium revised to reflect attained age and, in particular, without having to provide evidence of insurability at renewal, the policy may be renewed when it expires
• Convertible up to age 71: The policy can be converted to a whole life insurance policy without evidence of insurability

 

Features	T10 R&C	T20 R&C
Eligibility	Between ages of 0 and 70	Between ages of 0 and 70
Level Premiums	For 10 years	For 20 years
Renewable	Every 10 years up to age 85	Every 20 years up to age 85
convertible	Up to age 71	Up to age 71
Waiver of premiums in the Event of Total disability (option)	Yes	Yes
Accidental Death and Dismemberment (option)	Yes	Yes
Term Life Insurance For Children (option)	Yes	Yes