ScotiaLife Term 10 Insurance
Life is not predictable - whatever stage of life you find yourself in, term insurance can make sense. If you're just married and planning to have children or at the height of your career earning years or nearing retirement, you will want to protect and support your loved ones in the event of your unexpected death.
ScotiaLife® Term 10 Insurance offers you an affordable option for securing up to $250,000 in insurance coverage to protect your family's financial security. If you're a Scotiabank Group customer 18 to 65 years of age and a Canadian resident, you and your spouse can each apply for up to $250,000 of this term life insurance.
Whether you choose to apply online or by telephone, you will have the opportunity to go through a quick needs analysis to help determine the coverage amount best suited to meet your needs. If you are approved for coverage, you will have peace of mind knowing that your rate is guaranteed for the full 10 year term. Remember: as you get older, this type of insurance increases in cost, so don't delay.
This Group Plan Offers:
- Choice of coverage amounts to meet your needs - from $25,000 to $250,000;
- Affordable group rates and savings on higher coverage amounts. And your spouse can apply for coverage, even if you choose not to, and get the same low-cost rate advantage;
- Guaranteed premiums - the rate you start at is the rate you stay at for the full 10 year term of coverage;
- No medical examination needed to apply - just 5 short health/lifestyle questions1;
- Coverage amount never decreases - once approved, your coverage cannot be cancelled or reduced because of a change in your health;
- Special terminal illness benefit will provide you with 50% of your life insurance benefit (up to $125,000) while you are alive, if after 2 years of coverage you become terminally ill and are diagnosed with 12 months or less to live;
- Automatic renewal - if you continue to pay your premiums, your coverage will automatically renew at the end of each 10 year term without having to re-qualify. Your coverage can continue to age 75;
- Guaranteed renewal rates - your renewal rates are guaranteed at the time you are approved;
- 30-day money-back guarantee - if you're not completely satisfied once you have reviewed your Certificate of Insurance, simply return it within 30 days, and any premiums paid will be promptly refunded.
What's Not Covered
Suicide is not covered during the first 2 years your coverage is in force (or within two years after coverage reinstatement) and a death benefit will not be payable. Any premiums paid will be refunded, plus interest2.
