CAA Guaranteed Issue Life Insurance
CAA Guaranteed Issue Life Insurance is offered
in association with Manulife.
What's included?
- No medical exams or questions when you apply
- Coverage amounts from $5,000 to $25,000
- Coverage approval is guaranteed
- Insurance rates will not increase – ever
- Return of premiums with interest in cases of death from non-accidental causes (not including suicide) within first two years of coverage
- Accidental Death Benefit increases coverage by four times up to $125,000 for accidental death before age 85
- Living Benefit2 cash advance pays 50% of your coverage directly, if diagnosed with a terminal illness with 12 months or less to live
- Tax-free, lump sum benefit paid to your beneficiaries
What's guaranteed?
- Guaranteed acceptance. There’s no medical exam or questionnaire required at the time of application; as long as you’re a Canadian resident aged 40-75, you are eligible.
- Guaranteed locked-in rates. Your rates will never change throughout your term. After you reach age 95, no further payments are required, and your coverage remains in effect.
- Guaranteed not to expire. As long as you pay your premiums, your policy remains in effect.
- Guaranteed extra coverage for CAA Members. As long as you remain a CAA Member, your initial coverage will increase by 2% each year for up to 25 years.3 That means your $25,000 coverage today automatically increases to $37,500 after 25 years, at no extra cost to you!4
What's excluded?
- No benefit is payable in the case of suicide within two years of the effective date of the coverage. All premiums paid will be returned without interest.
- The Accidental Death Benefit is payable for accidental death due to a bodily injury by external, violent or purely accidental means occurring before age 85.
Exclusively for CAA Members.
Receive 2% more coverage every year FREE!
As long as you remain a CAA Member, your initial coverage will increase by 2% each year for up to 25 years.3 That means your $25,000 coverage today automatically increases to $37,500 after 25 years, at no extra cost to you!4
$5,000 coverage increases to $7,500 in 25 years
$10,000 coverage increases to $15,000 in 25 years
$15,000 coverage increases to $22,500 in 25 years
$20,000 coverage increases to $30,000 in 25 years
$25,000 coverage increases to $37,500 in 25 years
Blogs and resources.
How to get affordable life insurance with a medical condition.
Discover how you can leave loved ones with some financial security, even if you've had difficulty getting life insurance.
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Protect what matters with CAA Guaranteed Issue Life Insurance.
A $25,000 lump sum payment can help loved ones pay down debts they might be facing. Have you thought about these costs?
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Four ways CAA makes choosing life insurance uncomplicated.
Deciding on the right life insurance plan for your needs just requires a little legwork up front. Here's how to start.
Learn MoreWant to know more? We can help.
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