Simplified Whole Life Insurance

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Simplified Whole Life Insurance

From application to policy delivery in 60 minutes or less*

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Quick premium calculator

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Simplified Whole Life Insurance

Avoid the full underwriting process for your clients in good health who want whole life insurance coverage. Simplified Whole Life Insurance means fewer questions, no medical exam and your client is insured in 60 minutes or less.

 

Coverage

  • Insurance amount of up to $249,999
  • Reduced paid-up coverage as of the 6th year
  • No cash surrender value
  • Extreme disability benefit included
 

Target clientele

  • In good health (list of questions)
  • Aged between 18 and 80
  • Looking for simple lifetime coverage without additional benefits
  • Preferring a remote purchasing method with no medical exam
  • Wanting to be insured right away

Features

Plan

Simplified Whole Life

Target market

Healthy, digital savvy Canadians, who are 18 to 70 years old.

Issue ages

18 to 80

Concept

Individual

Insurance amounts

$10,000 to $249,999 (18 to 60)

$10,000 to $99,999 (61 to 80)

Type of insurance amount

N/A

Rate bands

$10,000 - $49,999

$50,000 - $99,999

$100,000 - $249,999

Extreme disability benefit

Before the age of 60, 50% of the initial insurance amount may be payable in advance, up to a maximum of $250,000. The benefit is paid when the insured is in a state of extreme disability for a continued period of 6 months.

Renewal

N/A

Conversion

N/A

Guaranteed cash value

None

Reduced paid-up protection

As of the 6th year

Waiting period

None

Policy fees

$50 (included in the premium calculation)

Advantages of simplified issue life insurance

Everything is faster

 

From application to policy delivery in 60 minutes or less*

 

No medical exam

 

Shorter delivery time = everyone is rewarded

100% electronic process

 

Secure non face-to-face platform

 

Electronic signature

 

Policy delivered electronically

Compare our simplified issue life insurance options

Find out more about Simplified Term Life Insurance and Guaranteed Issue Whole Life Insurance.

Compare our options

A client with more time on their hands is a happy client. We look forward to helping you get there.

Try our products today.

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Learn more about the electronic application

Note: Policies can be delivered within the hour on weekdays between 5:30 a.m. and 11:30 p.m. and on weekends between 4:30 a.m. and midnight on Saturday, and between 7:00 a.m. and midnight on Sunday (Eastern time).

*For additional insurance applications submitted by an existing SSQ Insurance client, the policy delivery times may be longer.

The information on this page is provided for information purposes only. It is not intended to describe all the provisions, exclusions and limitations applicable to any particular benefit or insurance policy. For a complete description of the provisions, exclusions and limitations, please refer to the insurance contract.

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