FlexTerm

With FlexTerm, you can build your own term insurance bundles by combining disability insurance options, critical illness riders, and more, to create solutions that best suit you and your family’s needs!
 
Whether you are looking to reimburse a personal or commercial loan, replace your income, cover your children’s education or create an emergency fund, FlexTerm is designed for when life happens. It also ensures the versatility you need to secure your financial well-being.
 
Product details:
 
  • Available as a level and decreasing term life insurance
    • If you select a decreasing term, the decrease is based on a mortgage loan with an interest rate of 8%
  • Coverage ranging from $50,000 to $10,000,000
  • For individuals aged 18 to 75
  • No medical exam may be required for life insurance coverage of $999,999 or less
  • Fully underwritten for ages 70 to 75
  • Terms available: 10, 15, 20, 25, 30, 35 years
  • Life insurance premiums remain the same for the duration of the term selected
  • Option to add additional protection:
    • Disability Income based on loan and employment income
    • Critical Illness insurance
    • Child Insurance Benefit
    • And more!
  • Available as an individual or joint policy
  • Renewal is automatic up to age 90; no medical exam required
  • Convertible up to age 75
  • Built-in benefits:
    • Extreme Disability Benefit
    • Insurability Benefit
    • Term Exchange Option
  • Available with smoker and non-smoker rates
This product contains certain limitations and exclusions.