IT’S NEVER
TOO EARLY OR
TOO LATE TO
START PLANNING
FOR THE FUTURE
LIFE INSURANcE mEAnS SEcURITY
Life insurance means your family won’t have to worry about finances if
something happens to you. It means paying off the mortgage, leaving no
debt behind. It means providing something for your daughter’s wedding
or your grandson’s education.
THE RIGhT pLAn FOR YOU
Even though everyone needs life insurance, the same product isn’t suitable
for everyone. Medavie Blue Cross has designed diverse life insurance
products to meet differing needs.
Life insurance can be complex – you may not be familiar with the
terminology or what features might be best for you and your family.
This brochure may help and, when you’re finished reading, our sales
representatives and authorized agents will be ready to answer your
questions and help you find the products that meet your specific needs.
WHAT dO yOu NEEd FROm
A LIFE InSuRAncE PLAN?
Here’s a quick synopsis of our products.
LIFE InSuRAncE
IS F OR EVERYONE
nO mATTER
WHAT yO u R A g E
nO mATTER
IF yO u’ R E mA R R I E d
OR S IngL E
nO mATTER
WHAT yO u R
F InAncIA L S I T u A T I O n
NEEdS
LIFE INSURANcE
Ev E RyO n E
BRO-080-ENG.indd 1
T ER M PR O D U C T S
Term, or temporary, life insurance is ideal for ensuring you have enough life
insurance when you need it most – when you have children or buy a house.
It ensures your loved ones have the financial means to carry on if something
happens to you. Term products are affordable, even on a limited budget.
Term 10 — This plan provides flexible protection at affordable rates and is
convertible to permanent insurance until age 65.
The length of the contract is 10 years, so you are able to renew every
10 years, up to age 75, without medical exams or questions. Rates are
guaranteed for each 10-year period, which can make budgeting easier. Rates
only increase on renewal dates.
Term 10 life insurance is available for face amounts of $25,000 and up.
Regular underwriting is offered for amounts between $25,000 and $99,999,
while amounts of $100,000 and up will require regular and enhanced
underwriting.
Century Life — Low rates and permanent protection are key features of
this innovative term life insurance product. The contract remains in force
for life, not a set period of time, so the premiums are guaranteed to
stay the same.
WH O L E L I F E P ROD U C TS
Whole life insurance, also referred to as permanent life insurance, provides
guaranteed security – once you’re covered, you’re covered for life,
regardless of the status of your health. This is an ideal plan to buy when
you’re young and healthy because enrolment rates are guaranteed for the
duration of the contract. Many people also turn to whole life insurance later
in life when the children are grown, the mortgage is paid and retirement is
on the horizon.
Whole Life 100 — This is a permanent insurance that builds cash value.
All benefits, premiums and cash values are guaranteed for the life of the
contract. The face amount is payable upon your death or upon reaching
age 100.
Easy Access — One of our most popular products, Easy Access provides
financial security and money for final expenses with no medical exams or
tests. If you can answer ‘no’ to four basic health questions, you will be
eligible for up to $35,000 in life insurance with premiums that will never
increase. Easy Access offers cash values and the face amount will double in
case of accidental death.
Preferred Access — If you can satisfy six additional health questions, you
qualify for the same great benefits as Easy Access – at even better rates.
O P TI O N A L RI D E RS
Any of the following riders may be added to a Term 10, Century Life or
Whole Life 100 product. Talk to an agent or sales representative about which
ones are right for you.
FAMILY TERM RIDER — This rider lets you extend coverage to
your spouse and children. It also helps you protect your children’s
future insurability by allowing them, when they reach age 21, to convert
their coverage to permanent life insurance – at up to five times its
previous value. It’s a guarantee of insurability – regardless of the status
of their health.
If you meet requirements in areas such as weight, family medical history
and driving record, enhanced underwriting offers the
possibility of coverage at a lower rate.
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WAIVER OF PREMIUM — Under this option, if you become totally
disabled for a period of at least six months during the term of the contract,
the premiums for your life insurance are waived for the duration of your
disability – and your policy remains fully in force.
ACCIDENTAL DEATH — This option provides an additional payment to
your beneficiary should your death be the result of an accident. You can
purchase accidental death coverage to provide your beneficiary with up to
two times the amount of coverage included in your life insurance policy.
This benefit is automatically included with Easy Access and Preferred Access
plans, which provide double the face amount if death occurs by accident.
SATISFAcTION guARAnTEEd
Because purchasing life insurance is such an important decision, we want to
ensure you’re satisfied with your policy. With any of our life insurance plans,
you have 10 days to examine the policy and, if you change your mind,
simply return it for a full refund of any premiums you’ve paid.
A NAME yOu cAn TRUST
Medavie Blue Cross is a leading provider of health and life benefits for
groups and individuals. With strong Atlantic Canadian roots dating back to
1943, we have earned a reputation for providing exceptional and personal
customer service and superior products. Our name is one you can trust, one
that assures quality and stability.
All our life insurance plans are underwritten by Blue Cross Life Insurance
Company of Canada.
Talk to an agent or sales representative today
about Medavie Blue Cross life insurance.
LIFE PRODUCT
Term 10under $100,000
Term 10$100,000 and up
Century Life
Whole Life 100
Easy Access
Preferred Access
Issue ages
The age range you must be in
to be eligible for the product.
15 days 65 years
18 - 65 years
15 days 70 years
15 days 85 years
40 - 85 years
40 - 85 years
Face amounts
The total amount for which you
are covered.
$25,000 $99,999
$100,000 and up
$10,000 and up
$5,000 and up
Up to $35,000
Up to $35,000
Term
Term
Term
Whole life
Whole life
Whole life
Yes
(for 10 years)
Yes
(for 10 years)
Yes
Yes
Yes
Yes
Yes, up to
age 75
Yes, up to
age 75
n/a
n/a
n/a
n/a
Yes, up to
age 65
Yes, up to
age 65
n/a
n/a
n/a
n/a
Yes
Yes
Yes
Yes
Yes
Yes
No*
Regular
underwriting: no*
Enhanced
underwriting: yes
No*
No*
No
No
Yes
Yes
Yes
Yes
Accidental Death
only (included
with coverage)
Accidental Death
only (included
with coverage)
No
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
$10 per month
or $100 per
year
$10 per month
or $100 per
year
$20 per month
or $200 per
year
$20 per month
or $200 per year
$20 per month
or $200 per
year
$20 per month
or $200 per
year
Product Name
Term or Whole life?
See descriptions on reverse.
Guaranteed premiums
Premiums will remain the same for
the duration of the contract—they
will not increase.
Guaranteed renewable
You are able to renew your plan
for a new term with no health
questions or tests as each term
expires.
Convertible
You are able to convert the plan
to a permanent Medavie Blue Cross
product with no health questions
or tests.
Medical questionnaire
You will be asked questions about
your medical history to qualify.
Medical exam
A doctor or nurse will perform an
examination, which may include
taking blood pressure, blood tests
and/or urinalysis.
Optional riders
See description on reverse.
AUTHORIZED MEDAVIE BLUE CROSS AGENT
Cash value
An amount of money to which
you are entitled should you decide
to end your contract.
Immediate death benefit
There’s no waiting period before the
death benefit is payable.
Minimum premium amount
Premiums vary based on how much
insurance you want and whether
you pay monthly or yearly.
www.medavie.bluecross.ca
The Blue Cross symbol and name are registered trademarks of the Canadian Association of Blue Cross Plans, used under licence by
Medavie Blue Cross, an independent licensee of the Canadian Association of Blue Cross Plans.
TM
BRO-080-ENG.indd 2
BRO-080E 03/10
COMPARISON CHART
Underwriting
Regular
Regular and
Enhanced
Regular
(reduced for children)
Regular
Regular
Regular
* Some medical testing may be necessary based on age and face amounts. Ask a sales representative or agent for more detailed product information.
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