Assumption Life launches its first Guaranteed Issue Solution

1/24/2022 12:00:00 AM

Moncton (NB), January 24, 2022 - Assumption Life has added a guaranteed issue solution to its line of simplified issue solutions: the Bronze Protection. With the addition of this solution, Assumption Life’s suite has now come full circle.
“Over the past year, Assumption Life has developed a competitive and comprehensive range of Simplified Issue solutions, including coverage options for clients who have medical conditions and, in some cases, declined. While the concept of guaranteed issue is attractive, we believe this type of product should be used as a last resort. The goal is to provide advisors and clients with the best alternative when another Simplified Issue coverage is simply not possible” stated Luc Bossé, Vice-President Sales and Marketing with Assumption Life.

Bronze Protection important facts to know:
  • Coverage to ages 18-80;
  • Ideal for clients with severe health problems or high-risk lifestyles, who are unable to qualify for another simplified issue products;
  • Deferred death benefit in the first two years with return of premium plus 3% interest;
  • Coverage from $2,500 up to $50,000;
  • Cash surrender values and reduced paid-up insurance available after 5th anniversary
  • Built-in benefits:
    • Transportation benefit;
    • Terminal illness benefit;
    • Accidental death benefit (included during the deferral period).
"This is another step forward in making life insurance protection available to all Canadians. Bronze Protection was designed to fill a gap in our current product offering.  With over 25 years of experience in the simplified issue industry, we have built a great deal of trust with our advisors, as they know we are there for them when they need us most." added Luc Bossé.

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For information and interviews:
Thomas Raffy
Director, Marketing & Communications
(506) 870-9153 ext. 5196