Simplified life insurance solution for clients who want peace of mind and NO MEDICAL EXAM. Canadians Underinsured. About 2 in 10 households have NO life insurance at all. Of those that have coverage over 30% believe they need additional coverage.
Simplifiedlife insurance solution for clients who want peace of mind andNO MEDICAL EXAM
1. Source: Billion Dollar Baby - The Sales Potential of the Underinsured Life Market in Canada (2007), LIMRA
DUI / Driving record
Drug or alcohol abuse
Depression / Anxiety
MS / Parkinson
High blood pressure
Family health historyUnderwriting Issues
Some of the elements that make it hard for people to get insurance:
Who do you know are affected by one or more of these issues?
A simplified issue life insurance like Golden Protection could be the solution for them.
*5th lowest premium in LifeGuide Sept. 2012 edition for the WL/Guaranteed Life Pay category.
* 5th lowest premium in LifeGuide Sept. 2012 edition for the WL/Guaranteed Life Pay category.
No medical exam, no APS, no fluids or needles
Guaranteed cash values and excellent paid up value
Available for smokers and non-smokers
Available as a policy or rider (spouse)
Issued with limited proof of insurability
In case of accidental death in a public transportation vehicle, beneficiaries receive 5 times the original insurance amount.
40 to 85
Policy face amount
$1,000 to $50,000
Guaranteed cash value and guaranteed reduced paid-up option after 3 years
50% of the sum insured in the event of a first-time occurrence of a terminal illness
$2,000 payable when death occurs at a site over 200 km away from primary residence
rider (spouse) $30.00
Insurance coverage is immediate
Online application approved within 24-48 hrs
If your client has been declined for insurance within the past 2 years, they may still qualify for Golden Protection at the same rates.
Two-year waiting period for the death benefit for non-accidental death.
Accidental death benefit is immediate.
Simplifiedlife insurance that allows participants
to increase their original coverage amount by 3%
annually –without increasing their premiums!*
*until the initial sum insured doubles or the insured’s attained age 100 on the coverage’s anniversary.
No medical exam, no needles or fluids, no APS
Premiums and coverage that will never change
Guaranteed cash value and paid up values
Coverage amount from $1,000 to $30,000
Same great compensation of FYC 45%
Newfoundland and Labrador, Nova Scotia, and Ontario had the highest prevalence of diagnosed diabetes, while Nunavut, Alberta, and Quebec ranked lowest
Source: Public Health Agency of Canada (September 2011); using 2008/09 data from the Canadian Chronic Disease Surveillance System (Public Health Agency of Canada).
If incidence and mortality rates remain at the levels seen in 2009, the number of Canadians aged one year and older living with diabetes will reach 3.7 million (1.7 million females and 1.9 million males) by year 2018 representing an increase of 56%
Standardized to the global population.
Source: Public Health Agency of Canada (2011); adapted from Shaw JE, Sicree RA, Zimmet PZ. Global estimates of the prevalence of diabetes for 2010 and 2030. Diab Res ClinPract2010;87:4-14.
* Taking in consideration a BMI > 30
Number of children aged 14 and under and of people aged 65 and over, Canada, 1921 to 2011
Sources: Statistics Canada, censuses of population, 1921 to 2011.
Source: HRSDC calculations based on Statistics Canada. Estimates of population, by age group and sex for July 1, Canada, provinces and territories, annual (CANSIM Table 051-0001); and Statistics Canada. Projected population, by projection scenario, sex and age group as of July 1, Canada, provinces and territories, annual (CANSIM table 052-0005). Ottawa: Statistics Canada, 2011.
1 - Obtain a broker code: Complete the Broker Registration Form and send to your MGA.
2 - You will receive an email from Assumption Life indicating your username, passwordas well as your broker code.
Application system on your desktop.
3 – Download the Online Illustration and Application system on your desktop.
4 – This icon should appear on your desktop.
5 – Last step, complete your user profile, you are now ready to SELL ONLINE!
Easy for youEasy for your clientEasy money
Simplified: Have answeredYes to one of the medical questions or have a face amounthigherthan $250,000.
Quick Issue: Face amount of $250,000 or less, where client answers no to all questions.
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