Benefits offered by CIBC Guaranteed Acceptance Life Insurance
CIBC Guaranteed Acceptance Life Insurance helps protect your family from any expenses you may leave behind, should the unexpected occur.
Your Acceptance is Guaranteed
No medical or health questions asked when you apply. Acceptance is guaranteed if you are a Canadian resident between the ages of 40 and 74. Lower rates if you are a non-smoker.
Spousal Coverage is Available
Coverage amounts ranging from $5,000 to $25,000, in increments of $5,000.
Accidental Death Coverage up to 5 times your coverage amount
In the unfortunate event of an accidental death before age 80, your beneficiary could receive a benefit equal to 5 times (5X) your selected coverage amount up to a maximum of $125,000.
Living Benefit Option
After two years of continuous coverage, in the unfortunate case you are diagnosed with a terminal illness and have only up to 24 months to live, you can be eligible to receive up to 50% of your selected coverage amount.
30-day Review Period
You have 30 days from the date you receive your Insurance Policy to review. If you cancel within the first 30 days of first receiving your policy, any premium paid will be refunded and your policy will be deemed never to have been issued.
Your premium will not change
Your premium is locked in, as long as your smoker status remains the same. You will no longer be required to pay monthly premiums after you turn 95.
You can be comforted knowing your final costs will not be a burden for your loved ones.