Simply the smart way
to do business!
4600-00A-MAY17
INDIVIDUAL LIFE BROCHURE
2
ASSURANCE TEMPORAIRE
The Assumption Life difference!
Great Personal Service
Great Sales Support
• Our relationship with you is our priority.
• Producer’s Corner Website – your Assumption Life
business at your fingertips 24/7
• Great customer service is our company policy.
• Direct access to our underwriting team
Great Compensation
• Get paid twice a week!
• Sell one online policy a week and make thousands
more every year!
Great Financially Sound
Mutual Company
• Over 110 years of experience
Great Sales Platform
• Rating of A- “Excellent” for the 17th consecutive
year by A.M. Best
• Download lia at lia.assumption.ca
• Solvency ratio of 245% (Dec. 2016)
• Online applications for simplified products are
received and processed within 24-48 hours.
• Among the Best Small & Medium Employers in
Canada according to Aon Hewitt in 2017 and 16th
in Progress Magazine’s 2016 list of Best places to
work in Atlantic Canada list
• Send in applications from any device,
anywhere, anytime.
• Complete error-free system - saves time and
makes you money.
• Electronic signature.
• All our products are available on lia.
No Medical Whole Life
Product Features
Ideal for those who...
• Issue ages: 20-70
• Don’t want a medical exam or nurse visit.
Immediate
• Coverage from $10,000 to $250,000
• Have health issues such as:
No Medical Whole Life Insurance
• No medical exam, no blood tests
Assumption Life’s new permanent life insurance solution.
Our simple application process takes all the guesswork
out of the equation. By simply completing 17 clear
questions, your client can get great lifetime coverage.
• Issued within 24-48 hrs
• No attending physician statement (APS)
• Cash values
• Living benefit: 50% of sum insured in case of
terminal illness
• Transportation benefit (200km/up to $2,000)
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•
•
•
•
•
•
Diabetes – type 1 or 2
Cancer (in remission)
Heart disease
Stroke
Hepatitis B or C
Cirrhosis of the liver
Obesity
• Have been rated in the past.
Deferred
• Temporary insurance agreement (TIA)*
Has your client been declined for insurance?
Riders
• Have high cholesterol.
• No Medical Term - Immediate
• Have high blood pressure.
He or she can still qualify for our No Medical Whole Life
with the Deferred option!
Same characteristics as for No Medical Whole Life
– Immediate in 8 questions, except for the maximum
coverage amount of $150,000.
• No Medical Term - Deferred
• No Medical Whole Life - Immediate
• No Medical Whole Life - Deferred
• Golden Protection
• Golden Protection Deferred
• Accidental Death
• Accidental Fracture Plus
• Child Insurance Benefit
* Applies to No Medical Whole Life - Immediate only
NON-MEDICAL INSURANCE
• Have been declined insurance.
• Are world travelers.
• Want to increase their life insurance coverage for
temporary needs.
No Medical Term
Product Features
Ideal for those who...
• Issue ages: 20-70
• Don’t want a medical exam or nurse visit.
Immediate
• Coverage from $50,000 to $250,000
• Have health issues such as:
No Medical Term Insurance
• Issued within 24-48 hrs
Assumption Life’s new level term life insurance
solution. Our simple application process takes all the
guesswork out of the equation. By simply completing
17 clear questions, your clients can get coverage that
meets their particular needs.
Deferred
Has your client been declined
for insurance?
He or she can still qualify for our No Medical Term
with the Deferred option!
Same characteristics as for the No Medical Term –
Immediate in 8 questions, except for the maximum
coverage amount of $150,000.
• Term options: 10, 20 years
• No medical exam, no blood tests
• No attending physician statement (APS)
• Renewable & convertible*
• Level & guaranteed premiums for duration of
term selected
• Living benefit: 50% of sum insured in case of
terminal illness
•
•
•
•
•
•
•
Diabetes type 1 or 2
Cancer (in remission)
Heart disease
Stroke
Hepatitis B or C
Cirrhosis of the liver
Obesity
• Have been rated in the past.
• Have been declined insurance.
• Transportation benefit (200km/up to $2,000)
• Have high cholesterol.
• Conditional temporary Insurance agreement (TIA)*
• Have high blood pressure.
• Are world travelers.
Riders
• No Medical Term - Immediate
• Want to increase their life insurance coverage
for temporary needs.
• No Medical Term - Deferred
• Accidental Death
• Accidental Fracture Plus
• Child Insurance Benefit
* Applies to No Medical Term - Immediate only
NON-MEDICAL INSURANCE
Affordable life insurance with
no medical exam!
Product features
Ideal for people who...
• Issue ages: 40-85
• Want to cover funeral or last expenses.
Final expense insurance has never been as easy to sell.
Golden Protection is affordable and requires no medical
exam. Offer your clients a simple solution.
• Up to $100,000 in coverage*
• Don’t want a medical exam or nurse visit.
• Issued within 24-48 hrs
• Have controlled diabetes.
• No medical exam
• Have high cholesterol.
• No waiting period/No attending physician
statement (APS)
• Have high blood pressure.
• Option of 20-pay
• Are considering planned giving.
• Guaranteed premiums
• Are non-believers in insurance.
• Cash values
• Want basic coverage.
• Death coverage: an additional amount equal to four
times (4x) the sum insured in case of accidental
death in a public transportation vehicle
(common carrier) (up to $150,000)
• Own a home-based business.
Has your client been declined for
insurance in the past 2 years?
He or she can still qualify for Golden Protection with
the Deferred option!*
Same characteristics as Golden Protection except
the maximum coverage amount of $50,000.
*Approval for Golden Protection Deferred insurance is dependent on
the answers given on the insurance application
• Living benefit: 50% of sum insured in case of
terminal illness
• Transportation benefit (200km/up to $2,000)
Riders
• Golden Protection
• Golden Protection Deferred
• Accidental Fracture Plus
• No Medical Term - Immediate
• No Medical Term - Deferred
• No Medical Whole Life - Immediate
• No Medical Whole Life - Deferred
*For issue age 40-70.
NON-MEDICAL INSURANCE
• Have a fixed income.
• Are world travelers.
• Have had a change in health and need
additional coverage.
• Have been rated.
• Were declined insurance in the past two years.
Tell them they’re approved!
Product features
Ideal for people who...
Total Protection is a product in a league of its own and
that means good news for your “difficult-to-insure” clients.
• Issue ages: 18-80
• Are at high health risk.
The online application process is fast and simple, with
no medical exam, no APS, and coverage up to $50,000!
• Coverage of $5,000 to $50,000
• Have an unconventional lifestyle.
• Coverage up to $30,000 with only 3 medical
questions
• Have been declined insurance.
• Have been rated.
• Issued within 24-48 hrs
• 2-year waiting period for insurance coverage
• No medical exam/No APS
• Guaranteed rates
• Living benefit: 50% of sum insured in case
of terminal illness
• Immediate accidental death coverage
• Transportation benefit (200km/up to $2,000)
Rider
• Total Protection
HARD-TO-INSURE CLIENTS
Build your own term, disability
and critical illness insurance!
Product features
Ideal for people who..
• Issue ages: 18-75
• Have a lease or loan.
FlexTerm lets clients build their own term insurance by
allowing them to choose the options that best suits their
needs! Our FlexTerm product is easy to apply for and
offers savings by combining term, disability and critical
illness insurance in a single product.
• Life coverage from $50,000 to $4,000,000
• Are starting a family.
• Simplified issue or fully underwritten*
• Are business owners.
• Term options: 10, 15, 20, 25, 30, 35 years
• Are group insurance clients.
• Guaranteed premiums
• Guaranteed coverage
•Convertible
• Individual or joint first-to-die policy
• Option of switching the term
Riders
• Critical Illness
• Disability Income (DI) loan repayment option
(including personal lines of credit)
• DI income replacement option • DI coverage up to $3,000 ($1,500 for simplified issue)
• FlexTerm 10, 15, 20, 25, 30, 35 years
• Youth Plus
• Waiver of Premium upon Disability (WP)
• Waiver of Premium upon Death (WPD)
• Accidental Fracture Plus
• Child Insurance Benefit (CIB)
*Simplified issue with no medical exam for coverage up to $249,999
for ages 65 and under
LEVEL TERM LIFE INSURANCE
A better kind of mortgage
insurance!
Product features
Ideal for people who...
• Issue ages: 18 to 65
• Have a mortgage.
FlexOptions is a decreasing term mortgage insurance
designed to offer your clients better coverage with
more flexibility, at level premiums.
• Life coverage from $50,000 to $4,000,000
• Have a lease or loan.
• Term options: 15, 20, 25 years
• Are maxed out on disability insurance.
• Simplified issue with no medical exam* for coverage
up to $249,999
• Are business owners.
Help your clients make the switch
to personal mortgage insurance,
and allow them to:
• Insurance amount that will never decrease below
50% of initial coverage amount
Become the owner of their mortgage Insurance.
•Convertible
Personal insurance: they are the owner.
• Portable – follows loan with any financial institution!
Credit insurance: bank is the owner.
• Client chooses the beneficiary – we pay them,
not the banks.
Choose their beneficiary.
• Guaranteed premiums
• Single or joint coverage
Personal insurance: client names own beneficiary.
Riders
Credit insurance: bank is automatically
the beneficiary.
• Critical Illness
Shop around.
Personal insurance: shop for better interest rates
and transfer their mortgage to another lender and
keep the same insurance coverage.
Credit insurance: if mortgage is transferred to another
lender, the insurance is terminated and they have to
apply for new coverage.
• Disability Income (DI) loan repayment option
(including personal lines of credit)
• DI income replacement option
• DI coverage up to $3,000 ($1,500 for
simplified issue)
• Waiver of Premium upon Disability (WP)
• Accidental Fracture Plus
*Restrictions apply.
DECREASING TERM LIFE INSURANCE
Offer them great coverage
with a Plus!
Your one-stop participating life insurance for the whole
family. Use multiple dividend options riders, and life
riders to create an all-in-one policy.
Product features
Ideal for people who...
• Issue ages: 18-75
• Are looking for a guaranteed life insurance plan with
no medical exam.
• Coverage from $5,000 to $4,000,000 • Life pay or 20-year pay
• Guaranteed level premiums
• Permanent, whole life participating insurance
• Single or joint first-to-die coverage
• Simplified issue or fully underwritten*
• Part company ownership – ability to vote at
Assumption Life’s annual general meetings
• Are just starting out and looking for permanent
coverage ensuring their future.
• Are looking for a reducing premium option.
• Are looking for permanent life insurance at a
guaranteed cost.
• Are looking to invest in life insurance without having
to track an investment portfolio.
• Want an insurance policy that grows (paid-up option).
Protecting what matters most
Riders
• Are looking for tax-sheltered growth.
• For children aged 0 (15 days) to 17 years
• Critical Illness
• Same great coverage, but 20-pay only
• Child Insurance Benefit (CIB)
Dividend options
Riders
• Youth Plus child term insurance
• FlexTerm term insurance 10, 15, 20, 25, 30, 35 years
• Waiver of premium upon Death (WPD)
on owner or payer
• Waiver of Premium upon Disability (WP)
on owner or payer
• Accidental Death and Dismemberment (AD&D)
• Accidental Death and Dismemberment (AD&D)
• Waiver of Premium upon Disability (WP)
• FlexTerm term insurance 10, 15, 20, 25, 30, 35 years
• Youth Plus child term insurance
• Waiver of premium upon Death (WPD)
• Disability Income (DI) loan repayment option
(including personal lines of credit)
• DI income replacement option
• Accidental Fracture Plus
*Simplified issue with no medical exam for coverage up to $249,999
for ages 65 and under
PARTICIPATING LIFE INSURANCE
• Cash – dividends paid in cash annually
• Premium Reduction – premiums can be reduced
by reinvesting dividends into the policy
• Accumulation – dividends will be left to accumulate,
and will earn interest at the policy anniversary
each year
• Paid-Up Addition – dividends will be used to
purchase paid-up additions to increase the
death benefit
• Enhanced “Fifth Dividend” Option – dividends will
be used to purchase a combination of one-year term
insurance and paid-up additions
What would your client have to
give up if they got critically ill?
Product features
Ideal for people who...
• Issue ages: 18-60
Dance lessons or hockey for their kids? Their annual
vacation? Help your clients reallocate their spending
to protect what matters most to them with our Critical
Protection.
• Coverage from $10,000 to $100,000 Want a financial resource to help them cover additional
expenses such as:
• 16 covered critical illnesses
• Time off work.
• Term 15 and Term 75 option (ages 18-60)
• Traveling to receive treatments.
• Term 20 option (ages 18-55)
• Home care.
• Term 25 and Term 75 20-year pay option (ages 18-50)
• Home renovations.
• Simplified issue or fully underwritten
• Cost of treatments not covered by public
health insurance.
• Guaranteed premiums
Riders
• Critical Protection
• Return of premiums upon death
• Flexible return of premiums
Illnesses covered:
• Accidental loss of limbs
• Aortic surgery
• Aplastic anemia
• Bacterial meningitis
•Blindness
• Cancer (life-threatening)
•Coma
• Coronary artery bypass surgery
• Heart attack
• Heart valve replacement or repair
• Kidney failure
• Major organ failure on waiting list
• Major organ transplant
• Paralysis due to an accident
• Severe burns
• Stroke (cerebrovascular accident)
CRITICAL ILLNESS INSURANCE
Term insurance with
guaranteed insurability.
Youth Plus offers a quick and easy way to provide
guaranteed insurability at little cost. Convert Youth Plus
to a permanent or term insurance at age 25, regardless
of health status.
Product features
Ideal for people who...
• Issue ages: 0 (15 days) to 17 years
(payable to age 25)
• Want to guarantee their child’s insurability.
• Coverage: $35,000 - $175,000
• Worry about not having financial resources should
their child become terminally ill.
• Guaranteed insurability (convert at age 25
without proof of insurability)
• Simplified issue with no medical exam*
• Guaranteed level premiums
• Living benefit ($10,000 for each $35,000 of
insurance) when diagnosed with one of
the following medical conditions:
•
•
•
•
•
•
cancer
cerebrovascular accident (stroke)
heart attack
vital organ transplant
paraplegia
quadriplegia
Riders
• Youth Plus
• Waiver of Premium upon Death (WPD) on owner
or payer
• Waiver of Premium upon Disability (WP) on owner
or payer
• Accidental Death (AD)
• Accidental Death and Dismemberment (AD&D)
*Restrictions apply.
TERM INSURANCE FOR CHILDREN
• Want to protect their children during their early years.
Life Insurance Products: Quick-Reference Table
PRODUCT
AGE
TYPE OF INSURANCE
FlexOptions
18-65
15-, 20-, and 25-year term
FlexTerm
18-75
10-,15-, 20-, 25- 30-,
and 35-year term
(simplified issue for up to $249,999)
No Medical Term — Immediate
20-70
10- and 20-year term
$50,000 - $250,000
Term life insurance product for individuals looking for a quick and simple
way of purchasing life insurance coverage without any medical exam
or blood tests.
No Medical Term — Deferred
20-70
10- and 20-year term
$50,000 - $150,000
Term life insurance product for people who, for medical or other reasons,
may have difficulty getting insured at standard rates. No medical exam
required. 2-year waiting period for insurance coverage.
Critical Protection
18-60
15-, 20-, 25-year term
and term to age 75
$10,000 - $100,000
A simplified issue critical illness insurance product that can also be
underwritten. Covers 16 illnesses. 20-pay option available.
Youth Plus
15 days to 17 years
term
No Medical Whole Life —
Immediate
20-70
permanent
$10,000 - $250,000
Permanent life insurance product for individuals looking for a quick
and simple way of purchasing life insurance coverage without any
medical exam or blood tests.
20-70
permanent
$10,000 - $150,000
Permanent life insurance product for people who, for medical or other
reasons, may have difficulty getting insured at standard rates. No medical
exam required. 2-year waiting period for insurance coverage.
Golden Protection
40-85
permanent
$1,000 - $100,000
No medical exam required. Simplified-issue coverage.
Living and transportation benefits. 20-pay option available.
Golden Protection — Deferred
40-85
permanent
$1,000 - $50,000
No medical exam required. Simplified-issue coverage.
Living and transportation benefits. 2-year waiting period
for insurance coverage. 20-pay option available.
Total Protection
18-80
permanent
$5,000 - $50,000
A product for individuals who have difficulty qualifying for
insurance. No medical exam required. Simplified-issue coverage.
ParPlus & ParPlus Junior
18-75
15 days to 17 years
permanent
No Medical Whole Life —
Deferred
COVERAGE AVAILABLE
FEATURES
$50,000 - $4,000,000
Decreasing term mortgage insurance designed to offer you better
coverage with more flexibility.
(simplified issue for up to $249,999)
$50,000 - $4,000,000
$35,000 - $175,000
(per $17,500)
$5,000 - $4,000,000
(simplified issue for up to $249,999)
Offers savings by combining term and disability insurance in
a single product.
Reliable coverage up to the age of 25. May be converted into permanent
life insurance without proof of insurability.
Guaranteed amount payable at death.
Participating insurance with dividends.
Sign up with Assumption Life
in 2 easy steps!
A.
1. Please complete and return the fillable PDF version
of the Broker Registration Form to your MGA. This
form can be found online at: producerscorner.ca
under the Recruitment tab. (A-B)
2. You will receive an email with broker code, username
and password from Assumption Life.
To view your Assumption Life business and for detailed
information on all of our products, go to
producerscorner.ca
B.
Get started with us today!
Here’s your team!
Pamela Kwiatkowski
Associate Vice President, Individual Life and Investments
[email protected] (604) 340-9211
John K. Coughlan
Business Development Manager — Atlantic Provinces
[email protected] (506) 383-5206
Daniel Rouillard
Business Development Manager — Quebec
[email protected] (514) 217-2725
Jennifer Koshul
Business Development Manager — Ontario
[email protected] (289) 442-4418
Shawn Redford
Business Development Manager — Ontario
[email protected] (289) 527-1123
Alannah Amantea
Business Development Manager – Prairies
[email protected] (403) 542-5209
Michael Ricketts
Business Development Manager — British Columbia
[email protected] (604) 787-0267
producerscorner.ca
Individual Insurance • Investments and Retirement
Telephone: 1-800-455-7337 • www.assumption.ca
770 Main Street, PO Box 160 Moncton NB E1C 8L1
Assumption Mutual Life Insurance Company,
doing business under the name Assumption Life