Canada Life 3 Free Months Premium on New Term 20, Term 30 Life Insurance Policy
- Deal Link:
- https://www.canadalife.com/insurance/li ... rance.html
- Expiry:
- December 1, 2020
- Retailer:
- Canada Life
Canada Life is offering 4 free months of premium for new Term 20, Term 30 and Term-to-age-65 life insurance policies.
In B.C., the offer is capped at 3 free months.
Based on my recent experience on the applications, if the insured is healthy and can pass a few simple pre-screening questions, they can apply through SimpleProtect, which shortens the normal application process and have a chance to get the additional discount depending on the age of the insured. It is usually around 20%, and it is for the whole term of the policy. For a 30 years old male, the monthly premium of half-million coverage without additional discount is $34.20. It may be a good option if somebody needs to cover the risk of the mortgage.
In B.C., the offer is capped at 3 free months.
Based on my recent experience on the applications, if the insured is healthy and can pass a few simple pre-screening questions, they can apply through SimpleProtect, which shortens the normal application process and have a chance to get the additional discount depending on the age of the insured. It is usually around 20%, and it is for the whole term of the policy. For a 30 years old male, the monthly premium of half-million coverage without additional discount is $34.20. It may be a good option if somebody needs to cover the risk of the mortgage.
