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No Medical Exam Required!
 

CPP Life Insurance Plans

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Why Choose Canada Protection Plan For PERMANENT No Medical & Simplified Issue Life Insurance?

  • Six different Life plans – Guaranteed Acceptance Life, Deferred Life, Deferred Elite Life, Simplified Elite Life, Preferred Life and Preferred Elite Life – ensure that we have the right plan for your permanent insurance needs

  • Many plans offer immediate protection

  • Up to $1,000,000 in permanent life insurance protection is available depending on age and plan you qualify for

  • Competitive rates

  • A variety of valuable Foresters Financial member benefits are available on many of our policies. 

  • Flexible process – our simple application form has clearly worded medical terminology

  • In 2020, Canada Protection Plan™ paid out 98% of non-contestable claims

  • Our Advisors can speak directly to CPP's underwriters and are happy to answer any questions

  • CPP's No Medical Life and Critical Illness Insurance Applications can be completed securely online and non face-to-face

  • We take great pride in providing superior customer service at issue and after issue

Canada Protection Plan’s Permanent Insurance Portfolio Consists Of 6 Distinct Plans:

Guaranteed Acceptance Life: guaranteed issue plan. You will not be denied coverage. Issue ages18-75 Face amounts: Ages 18-60: $10,000-$50,000 Ages 61-75: $5,000-$50,000 Premium payment options:Life Pay only Premium limitations:Minimum annual premium $150.00 / Minimum monthly PAC premium $15.00 Death limitations: (in addition to typical suicide and misrepresentation clauses)The full coverage amount is payable if death occurs after two years or death is accidental. If death occurs in the first two years and is due to non-accidental means, then the death benefit is limited to a return of premiums paid. Guarantees: Premiums guaranteed not to change for the life of the policy Included guaranteed benefits and features: Guaranteed cash values after the 5th policy year Automatic Premium Loan provision Terminal Illness Benefit Transportation Benefit Optional additional benefits: Accidental Death Benefit Dividend Options: None

Deferred Life: designed to meet the insurance needs of those with serious health conditions. Even if you've been previously declined, you may be eligible. Issue ages: 18-80 Face amounts: Ages 18-60: $10,000-$75,000 Ages 61-75: $5,000-$50,000 Premium payment options:Life Pay only Premium limitations:Minimum annual premium $150.00 / Minimum monthly PAC premium $15.00 Death limitations: (in addition to typical suicide and misrepresentation clauses)The full coverage amount is payable if death occurs after two years or death is accidental. If death occurs in the first two years and is due to non-accidental means, then the death benefit is limited to a return of premiums paid plus 3% simple interest. Guarantees: Premiums guaranteed not to change for the life of the policy Included Guaranteed Benefits and Features: Guaranteed cash values after the 5th policy year Automatic Premium Loan provision Terminal Illness Benefit Transportation Benefit Optional additional benefits: Accidental Death Benefit Dividend Options: None

Deferred Elite Life: designed for applicants with less serious health conditions. Even if your client has been previously declined, they may be eligible. Issue ages: 18-80 Face amounts: Ages 18-60: $10,000-$350,000 Ages 61-80: $5,000-$350,000 Premium payment options:Life Pay or 20 Pay Premium limitations:Minimum annual premium $150.00 / Minimum monthly PAC premium $15.00 Death limitations: (in addition to typical suicide and misrepresentation clauses)The full coverage amount is payable if death occurs after two years or death is accidental. If death occurs in the second year and is due to non-accidental means, the death benefit is 50% of the coverage amount. If death occurs in the first year and is due to non-accidental means, then the death benefit is limited to a return of premiums paid plus 3% simple interest. Guarantees: Premiums guaranteed not to change for the life of the policy Included Guaranteed Benefits and Features: Guaranteed cash values after the 5th policy year Automatic Premium Loan provision Terminal Illness Benefit Transportation Benefit Optional additional benefits: Up to 2 Term riders Accidental Death Benefit Child Term Benefit Dividend Options: None

Simplified Elite Life: one of the few no medical plans available which provides immediate coverage. This plan is designed for applicants who are in relatively good health, or engage in extreme sports, or for those who do not want to take a medical exam or provide a doctor’s report. Issue ages: 18-80 Face amounts: Ages 18-60: $10,000-$500,000 Ages 61-80: $5,000-$350,000 Premium payment options:Life Pay or 20 Pay Premium limitations:Minimum annual premium $150.00 / Minimum monthly PAC premium $15.00 Death limitations: (in addition to typical suicide and misrepresentation clauses)No limitations Guarantees: Premiums guaranteed not to change for the life of the policy Included Guaranteed Benefits and Features: Guaranteed cash values after the 5th policy year Automatic Premium Loan provision Terminal Illness Benefit Transportation Benefit Optional additional benefits: Up to 2 Term riders Accidental Death Benefit Child Term Benefit Hospital Cash Benefit Dividend Options: None

Preferred Life: great premium rates and coverages up to $1,000,000 for healthy individuals who are willing to accept a little more underwriting. No Medical required for up to $500,000 and issue age up to 70. Coverage starts immediately. Issue ages: 18-80 Face amounts: Ages 18-80: $50,000-$1,000,000 Premium payment options:Life Pay or 20 Pay Premium limitations:Minimum annual premium $150.00 / Minimum monthly PAC premium $15.00 Death limitations: (in addition to typical suicide and misrepresentation clauses)No limitations Guarantees: Premiums guaranteed not to change for the life of the policy Included Guaranteed Benefits and Features: Guaranteed cash values after the 5th policy year Automatic Premium Loan provision Terminal Illness Benefit Transportation Benefit Optional additional benefits: Up to 2 Term riders Accidental Death Benefit Child Term Benefit Hospital Cash Benefit Dividend Options: None

Canada Protection Plan’s Preferred Life product: best premium rates and coverages up to $1,000,000 for the healthiest clients. Coverage starts immediately. Issue ages: 18-80 Face amounts: Ages 18-80: $500,000-$1,000,000 Premium payment options:Life Pay or 20 Pay Premium limitations:Minimum annual premium $150.00 / Minimum monthly PAC premium $15.00 Death limitations: (in addition to typical suicide and misrepresentation clauses)No limitations Guarantees: Premiums guaranteed not to change for the life of the policy Included Guaranteed Benefits and Features: Guaranteed cash values after the 5th policy year Automatic Premium Loan provision Terminal Illness Benefit Transportation Benefit Optional additional benefits: Up to 2 Term riders Accidental Death Benefit Child Term Benefit Hospital Cash Benefit Dividend Options: None

Why Choose Canada Protection Plan For TERM No Medical & Simplified Issue Life Insurance?

  • Five different term plans – Deferred Elite Term, Simplified Elite Term, Preferred Term, Express Elite Term and Preferred Elite Term, providing a varied selection to meet your needs 

  • Term periods of 10 years, 20 years, 25 years, 25 decreasing years, or 30 years

  • Many plans offer immediate coverage

  • Up to $1,000,000 of term life insurance protection is available depending on age and plan you qualify for

  • Competitive rates

  • A variety of valuable Foresters Financial member benefits are available on many of our policies. 

  • Flexible process – our simple application form has clearly worded medical terminology

  • In 2020, Canada Protection Plan™ paid out 98% of non-contestable claims.

  • Our Advisors speak directly to CPP's underwriters who are happy to answer any questions

  • CPP's No Medical Life and Critical Illness Insurance Applications can be completed securely online and non face-to-face

  • We take great pride in providing superior customer service at issue and after issue

Canada Protection Plan’s Term Insurance Portfolio Consists Of 5 Distinct Plans:

Deferred Elite Term: available for up to $350,000 for periods of 10 years, 20 years or 25 years and is designed for your applicants with less serious health conditions. Those who were previously declined for insurance may qualify for this plan. Issue ages: 18–70 for 10 year term 18–60: 20 year term 18–55: 25 year term 18–60: Decreasing 25 year term Face amounts: Ages 18–70: $25,000–$350,000 Level Term Periods Available: 10 year 20 year 25 year Decreasing Term Periods Available25 year Premium limitations:Minimum annual premium: $150.00 / Minimum monthly PAC premium: $15.00. Renewable without evidence of insurability to age 80 Convertible to age 70 Death limitations (in addition to typical suicide and misrepresentation clauses):The full coverage amount is payable if death occurs after two years or death is accidental. If death occurs in the 2nd year and is due to non-accidental means, then the death benefit is equal to 50% of the coverage amount. If death occurs in the first year and is due to non-accidental means, then the death benefit is limited to a return of premiums paid plus 3% simple interest. Guarantees: Premiums quoted in the policy are guaranteed not to change for the life of the policy. Optional additional benefits: Up to 2 Term riders Accidental Death Benefit Child Term Benefit 10, 20 and 25 year level term plans are renewable and convertible.

Simplified Elite Term: one of the few no medical plans available which provides immediate coverage. This plan is available for up to $500,000 for periods of 10 years, 20 years or 25 years and is designed for people who are in relatively good health or engage in extreme sports, or do not want to take a medical exam or provide a doctor’s report. Issue ages: 18–70: 10 year term 18–60: 20 year term 18–55: 25 year term 18–60: Decreasing 25 year term Face amounts: Ages 18–60: $25,000–$500,000 Ages 61–70: $25,000–$350,000 Level Term Periods Available: 10 year 20 year 25 year Decreasing Term Periods Available25 year Premium limitations:Minimum annual premium: $150.00 / Minimum monthly PAC premium: $15.00. Renewable without evidence of insurability to age 80 Convertible to age 70 Death limitations (in addition to typical suicide and misrepresentation clauses):No limitations Guarantees: Premiums quoted in the policy are guaranteed not to change for the life of the policy. Optional additional benefits: Up to 2 Term riders Accidental Death Benefit Child Term Benefit Hospital Cash Benefit 10, 20 and 25 year level term plans are renewable and convertible.

Express Elite Term: has low rates for those in great health looking for No Medical life insurance. This No Medical plan offers up to $750,000 in coverage for ages 18-50 and up to $500,000 for ages 51-60. It is available as a Term 20 (ages 18-60) or Term 30 (ages 18-50). Coverage starts immediately and expires at age 80. If you qualify for Express Elite, you are pre-approved for Canada Protection Plan’s Critical Illness Insurance. Issue ages: 18–50: 30 year term 18–60: 20 year term Face amounts: Ages 18–50: $100,000–$750,000 Ages 51–60: $100,000–$500,000 Level Term Periods Available: 20 year 30 year Premium limitations:Minimum annual premium: $150.00 / Minimum monthly PAC premium: $15.00. Renewable to age 80 without evidence of insurability on Term 30 plan for 20 years $100,000 Convertible to age 70 Death limitations (in addition to typical suicide and misrepresentation clauses):No limitations Guarantees: Premiums quoted in the policy are guaranteed not to change for the life of the policy. Optional additional benefits: One Term rider Accidental Death Benefit Child Term Benefit Hospital Cash Benefit Critical Illness Rider 30 year level term plans are renewable. 20 year and 30 year level term plans are convertible to age 70.

Preferred Elite Term: best premium rates for the healthiest applicants. This plan is underwritten and offers up to $1,000,000 of coverage for periods of 10 years, 20 years or 25 years. Coverage starts immediately. Issue ages: 18–70: 10 year term 18–60: 20 year term 18–55: 25 year term 18–60: Decreasing 25 year term Face amounts: Ages 18–70: $500,000–$1,000,000 Level Term Periods Available: 10 year 20 year 25 year Decreasing Term Periods Available25 year Premium limitations:Minimum annual premium: $150.00 / Minimum monthly PAC premium: $15.00. Renewable without evidence of insurability to age 80 Convertible to age 70 Death limitations (in addition to typical suicide and misrepresentation clauses):No limitations Guarantees: Premiums quoted in the policy are guaranteed not to change for the life of the policy. Optional additional benefits: Up to 2 Term riders Accidental Death Benefit Child Term Benefit Hospital Cash Benefit 10, 20 and 25 year level term plans are renewable and convertible.

Preferred Term: great rates for healthy individuals who are willing to accept a little more underwriting depending on age and coverage amount. This plan offers up to $1,000,000 of coverage for periods of 10 years, 20 years or 25 years. No Medical required for up to $500,000 and issue age up to 70. Coverage starts immediately. Issue ages: 18–70: 10 year term 18–60: 20 year term 18–55: 25 year term 18–60: Decreasing 25 year term Face amounts: Ages 18–70: $50,000–$1,000,000 Level Term Periods Available: 10 year 20 year 25 year Decreasing Term Periods Available25 year Premium limitations:Minimum annual premium: $150.00 / Minimum monthly PAC premium: $15.00. Renewable without evidence of insurability to age 80 Convertible to age 70 Death limitations (in addition to typical suicide and misrepresentation clauses):No limitations Guarantees: Premiums quoted in the policy are guaranteed not to change for the life of the policy. Optional additional benefits: Up to 2 Term riders Accidental Death Benefit Child Term Benefit Hospital Cash Benefit 10, 20 and 25 year level term plans are renewable and convertible.

Why Choose Canada Protection Plan No Medical Critical Illness Insurance?

We’ve “unbundled” cardiac and cancer conditions, making Critical Illness Insurance more accessible.

  • Clients diagnosed with Heart Disease or Diabetes can get Cancer coverage

  • Clients can now choose to get both Cardiac and Cancer coverage

  • Clients only pay for the coverage they choose, making their premiums more affordable

  • Four plans that cover 8 major impairments and all are NO MEDICAL – Cardiac Protect CI T75, Cancer Protect CI T75, Cardiac AND Cancer Protect CI T75, Cardiac OR Cancer Protect CI T20 or T75

  • Cardiac Protect CI plan is available to eligible clients who have a prior diagnosis of cancer

  • For Cancer Protect CI in addition to cancer, we cover two more conditions:  Benign Brain Tumour and Aplastic Anemia

  • Cancer Protect CI plan is available to eligible clients who are diabetic, or who have had high blood pressure, stroke, TIA or heart attack

Our Cardiac AND Cancer plan covers both the first AND the second event. This plan can cover cardiac conditions after a cancer event or cancer conditions after a cardiac event. Premiums are reduced to cover the second group of conditions (second event) after the first group of conditions (first event) have occurred and, are based on age at application vs. age reached at first event.

  • No 24/24 Pre-existing conditions clause 

  • Up to $100,000 of Critical Illness insurance protection is available depending on age and the plan your client qualifies for

  • A simple and fast process – only 6 questions for up to $24,999 lump-sum protection and an additional 2 questions for face amounts $25,000 and over

  • Two premium bands: Band 1: Standard rates:  $10,000 – $24,999; Band 2:  Preferred rates: $25,000 and over

  • We don’t ask about previous decline history

  • Return of Premium on Death (ROPD) rider is available on all our Critical Illness plans

  • Guaranteed coverage to age 75 with premiums guaranteed in the first five years

  • A variety of valuable Foresters Financial member benefits are available on many of our policies. (more…)

  • Competitive rates

  • You can speak directly to our underwriters and they will be happy to answer any questions

  • You and your clients can complete our No Medical Life and Critical Illness Insurance application process securely online and non face-to-face

  • We take great pride in providing superior customer service at issue and after issue

While Canada Protection Plan does not include a 24/24 pre-existing clause, some companies do. These companies can deny claims if the client had a pre-existing condition within 24 months prior to coverage that results in a claim related to the pre-existing condition within 24 months after the coverage is in effect. For example, if a client is investigated for stomach pain 15 months prior to receiving a CI contract with this clause, and is diagnosed with stomach cancer 18 months after, their claim may be denied.

Canada Protection Plan’s Critical Illness Portfolio Consists Of 4 Distinct Plans:

Cardiac Protect CI: is a Critical Illness insurance that provides a lump sum benefit up to $50,000 upon diagnosis of Heart Attack, Stroke, Aortic Surgery, Coronary Artery Bypass Surgery and Heart Valve Replacement or Repair. This plan may be available to clients who have a prior diagnosis of cancer. Issue Ages: 18–65: Term to age 75 Face amounts:$10,000–$50,000 Level Term Periods Available:Level term to age 75 Premium limitations:Minimum annual premium: $150.00 Minimum monthly PAC premium: $15.00 Rate bands: Premiums are banded based on face amount Standard Rates/Band 1: $10,000 – $24,999 Preferred Rates/Band 2: $25,000 – $50,000 Non-convertible Critical Illness definition:2018 CLHIA Benchmark definition Guarantees: Premiums quoted in the policy are guaranteed for the first five years Optional additional benefits Accidental Death Benefit Return of Premium on Death Survival Period: 30 days 24/24 Pre-existing Condition:None

Cancer Protect CI: is a Critical Illness insurance that provides a lump sum benefit up to $50,000 upon diagnosis of a Life-threatening Cancer, Aplastic Anemia, and Benign Brain Tumour. This plan may be available to clients who are diabetic, or who have had high blood pressure, stroke, TIA or heart attack. Issue Ages: 18–65: Term to age 75 Face amounts:$10,000–$50,000 Level Term Periods Available:Level term to age 75 Premium limitations:Minimum annual premium: $150.00 Minimum monthly PAC premium: $15.00 Rate bands: Premiums are banded based on face amount Standard Rates/Band 1: $10,000 – $24,999 Preferred Rates/Band 2: $25,000 – $50,000 Non-convertible Critical Illness definition:2018 CLHIA Benchmark definition Guarantees: Premiums quoted in the policy are guaranteed for the first five years Optional additional benefits: Accidental Death Benefit Return of Premium on Death Moratorium Period:90 days for Cancer Survival Period: 30 days 24/24 Pre-existing Condition: None

Cardiac AND Cancer Protect CI is a Critical Illness insurance that provides two lump sum benefits up to $50,000 each, upon diagnosis of critical illness conditions from the following two categories: Cardiac: Heart Attack, Stroke, Aortic Surgery, Coronary Artery Bypass Surgery and Heart Valve Replacement or Repair. Cancer: Cancer, Aplastic Anemia, Benign Brain Tumour Payment of a second benefit amount is possible under this policy, however only one benefit amount will be paid under each category of covered conditions. Premiums after the first event are reduced to cover the second and are based on age at application vs. age reached at first event. Issue Ages: 18–65: Term to age 75 Face amounts: $10,000–$50,000 per event Level Term Periods: AvailableLevel term to age 75 Premium limitations:Minimum annual premium: $150.00 Minimum monthly PAC premium: $15.00 Rate bands: Premiums are banded based on face amount Standard Rates/Band 1: $10,000 – $24,999 Preferred Rates/Band 2: $25,000 – $50,000 Non-convertible Critical Illness definition:2018 CLHIA Benchmark definition Guarantees: Premiums quoted in the policy are guaranteed for the first five years Optional additional benefits: Accidental Death Benefit Return of Premium on Death Moratorium Period:90 days for Cancer Survival Period: 30 days 24/24 Pre-existing Condition: None

Cardiac OR Cancer Protect CI: is a Critical Illness insurance that provides a lump sum benefit up to $100,000 upon diagnosis of one of the following eight critical illness conditions: Heart Attack, Stroke, Aortic Surgery, Coronary Artery Bypass Surgery, Heart Valve Replacement or Repair, Cancer, Aplastic Anemia and Benign Brain Tumour. Issue Ages: 18–55: Term 20 18–65: Term to age 75 Face amounts:$25,000–$100,000 for Term 20 $10,000–$100,000 for Term to age 75 Level Term Periods Available: Term 20: 20 year, renewable to 75 Term to age 75: Level term to age 75 Premium limitations:Minimum annual premium: $150.00 Minimum monthly PAC premium: $15.00 Rate bands: Premiums are banded based on face amount Standard Rates/Band 1: $10,000 – $24,999 (Term to age 75 only) Preferred Rates/Band 2: $25,000 – $100,000 Renewable without evidence of insurability on: Term 20 plan to age 75 Non-convertible Critical Illness definition:2018 CLHIA Benchmark definition Guarantees: Premiums quoted in the policy are guaranteed for the first five years Optional additional benefits: Accidental Death Benefit Return of Premium on Death Moratorium Period:90 days for Cancer Survival Period: 30 days 24/24 Pre-existing Condition: None

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