Life and Health Insurance
Loan Insurance becomes Term Plus
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Stay tuned, there are just a few more days to go before the official launch of Term Plus on November 12!
Loan Insurance was renamed Term Plus, why?
Although Term Plus is well-suited for credit protection needs, a loan is not required to subscribe to Term Plus life insurance.
Your clients may benefit from the product’s multiple advantages even if the insurance need is not related to loan or credit protection.
HERE IS WHY YOU SHOULD CONSIDER TERM PLUS FOR YOUR CLIENTS:
Competitive
- Leading rates
- Preferred rates available starting at $250,000
Flexible
- Option to combine multiple terms - 10, 15, 20, 25, 30 or 35 years with a choice of level or decreasing insurance amounts
- Option to enhance your clients’ life insurance coverage by adding a disability benefit for credit protection and a critical illness coverage
- Built-in unique benefits such as Extreme Disability Benefit, Guaranteed Insurability Benefit and Assistance Benefit to meet your clients’ current and future needs
Comprehensive
- Ability to enhance Term Plus coverage by adding life insurance for dependent children, a waiver of premium benefit in case of disability and other additional benefits
- Option to combine Term Plus with other products – Whole Life, Critical Illness and Term products making for a complete protection
To learn more about Term Plus product features, click on the following link: “At a Glance – Term Plus”.
We would like to remind you that effective November 12, you must use the new version (2013-11) of the Insurance Application. Please note that the current version (2013-05) of the Insurance Application (paper and electronic including the signatures pages) will be accepted, if received at our New Business department, by no later than December 6, 2013. After this date, no exceptions will be made. You can obtain the new paper version (2013-11) from your MGA or by submitting an order with our “Printed Documents Order” form.
Note: Please note that until November 12, you must use the current version (2013-05) of the Insurance Application to request a Loan Insurance product.
We thank you for your continued support. For more information, please contact the regional sales office nearest you.