Simplified Non-Par Whole Life Plan Details

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Simplified Non-Par Whole Life (Simplified NPWL) offers a simplified approach to reliable permanent insurance with built-in guarantees and no medical exams at time of application.

Simplified NPWL offers an affordable way to provide financial protection for your loved ones, ensure an inheritance for your children or grandchildren, protect your estate from erosion due to taxes, finance funeral or other final expenses, or leave a bequest to your favourite charity. It also offers cash value that you can use during your lifetime.

Choose from single Life, Joint First-to-Die or Joint Last-to-Die coverage. Premiums are payable to age 100.


Lawyers Financial Simplified NPWL is available to lawyers, judges, Quebec Notaries and their spouses, as well as adult children, law firm staff and their spouses, who are Canadian residents. Lawyers and Notaries must be in good standing with their provincial law society or Chambre des notaires du Québec.


  • Minimum: $10,000
  • Maximum: $100,000


Larger amounts of insurance may lower your premium rate. Depending on the coverage amount you choose you could receive rate reductions1 at:

  • $50,000 - $100,000

1Available on a per policy basis.

Guaranteed Cash Value

As long as you pay your premiums and your policy stays in effect, a guaranteed cash value accumulates year after year beginning in the 11th policy year.

Surrender Value

The surrender value can be accessed by cancelling the policy or taking a loan against the policy. The surrender value is equal to the guaranteed Cash Value plus unused premiums minus debt such as the outstanding loan and loan interest.

Automatic Premium Loans

If you forget to make a premium payment, your coverage is protected through the Simplified NPWL Automatic Premium Loan feature. This feature will pay your premium through a loan against the policy if the available Cash Value is sufficient to cover that premium amount.

Reduced Paid-Up Insurance

If you are no longer able or willing to pay premiums, you may request that we reduce the amount of insurance under your policy to a Reduced Paid-Up amount that will be paid for by your available Cash Value without further premium payments.


Joint First-to-Die (JFTD) insurance covers two individual lives under the same policy for one premium, and pays a death benefit on the first death. JFTD coverage is a good option for insuring key persons under a partnership arrangement, or to leave a benefit for your surviving spouse. JFTD coverage includes a supplementary death benefit on the life of the surviving insured, as well as a survivor privilege – see Additional Features below for more details.

Joint Last-to-Die (JLTD) insurance also covers two individual lives under the same policy for one premium, but pays a death benefit on the second death. JLTD coverage is often significantly less expensive when compared to individual single-life policies because the death benefit is deferred until the second death. JLTD coverage is typically used for estate planning and may be designed to match final tax liabilities, but can also be used for charitable donations, scholarships or a financial legacy.

Additional FeatureS

Bereavement Assistance

Losing a loved one can be devastating and many people find it difficult to get through the grief. The Lawyers Financial Simplified NPWL plan will reimburse beneficiaries up to $1,000 (combined maximum) for bereavement counselling from an accredited counsellor.

Expert Medical Opinion Program

Advance Medical’s Expert Medical Opinion Program2 is a non-contractual benefit that may provide you and your family with an authoritative second opinion on medical issues from some of the world’s leading experts, at no additional cost. The insured person’s spouse or domestic partner and the insured’s dependent children up to age 18 may also be eligible.

2The Expert Medical Opinion Program is provided solely by Advance Medical, Inc., subject to eligibility requirements and limitations, and may be changed or cancelled at any time without notice.

JFTD Supplementary Death Benefit

If a death benefit is paid under the JFTD plan, a supplementary benefit, equal to the death benefit, may be payable if the surviving insured dies within 60 days of first death.

JFTD Survivor Privilege

This benefit allows the surviving insured person to purchase, without evidence of insurability, a new policy on their life, provided they are under 71 and apply for coverage within 60 days of first death.


Waiver of Premium Benefit

How would you pay for your insurance if a serious disability prevented you from working?  The Waiver of Premium benefit may pay your premium if you are totally disabled for 6 months or longer before age 60. This benefit can be added to single life policies if you are between ages 18 and 55.

Children’s Term Insurance Rider

A child’s untimely death could leave you with unexpected expenses as well as lead to emotional trauma for both you and your family that may require you to take an extended leave of absence from your job. Children’s Term Insurance is available to assist you during this time. Coverage amounts are available from $10,000 to $30,000 on each of your dependent children aged 15 days to 18 years. A single level premium pays for all your children, including any born after the rider is in effect, and is payable for 20 years. This rider can be added to a 20-Year-Pay plan at issue, and to a Pay-to-Age-100 plan at any time, up to age 55. 


The details of this document are intended to provide you with a brief description of this plan and should not be considered part of any contract. Certain benefits and conditions may have changed since this document was produced. Benefits may be subject to evidence of good health and approval by our insurer. Other conditions may also apply, subject to policy terms. Please contact your Lawyers Financial Advisor for additional details.


Non-Participating Whole Life insurance is underwritten by Foresters Life Insurance Company, a wholly owned subsidiary of The Independent Order of Foresters (a fraternal benefit society,
789 Don Mills Road, Toronto, Canada M3C 1T9).