Purchasing life insurance could be the most important step you take towards protecting your family’s financial future.
The Lawyers Financial Term Life Insurance plan may be the perfect solution for your life insurance needs, with superior built-in benefits and coverage available to age 80.
Effective October 1, 2020, we have made further improvements to our plan by giving you the option to choose between 5-year and 20-year level rates. This means that as of the effective date of coverage, the rate you pay will remain level* for at least 5 or 20 years depending on the plan you choose, with coverage automatically renewing in 5-year intervals.
Additionally, the Bereavement Benefit has been increased from $500/beneficiary to $1,000/beneficiary; and the Children’s Life Insurance Rider has been greatly enhanced to provide a higher maximum face amount of $30,000, continued coverage to age 25 without the need to be in school.
And now you can convert up to 5 times the amount of Children’s Term Life insurance to the Term 80 Life Insurance plan without your children having to take a medical exam.
For more information:
- Contact your Lawyers Financial Advisor
- Contact CBIA/Lawyers Financial at 1-800-267-2242 or clientexperience@lawyersfinancial.ca
- Read more about Term Life Insurance
*Subject to volume discounts and changes to the amount of coverage.
