COVID-19 - Time period extension of temporary life and critical illness underwriting measures

Individual life insurance
Time period extension of temporary life and critical illness underwriting measures

The time period for the recent easing of our temporary measures of life and critical illness underwriting requirements has been extended again until July 15, 2020. However, please note that this may change or be extended depending on the evolution of the COVID-19 pandemic.

We remind you that we had recently added additional flexibility in the following age categories: 51 to 55, 56 to 60, 61 to 65 and 66 to 70. It should be noted that these measures apply retroactively to requests signed as of March 11, 2020.

With the life insurance temporary measures in place until July 15, no underwriting requirements are required for life insurance applications for the following individuals:

Individuals between 16 to 50 years old for amounts up to $ 1, 000,000 (inclusively)
Individuals between 51 to 60 years old for amounts up to $249,999 (inclusively)
Individuals between 61 to 70 years old for amounts up to $99,999 (inclusively)

Note: No preferred risk for ages between 16 and 50.

With the Critical Illness temporary measures in place until July 15, no underwriting requirements are required for critical illness insurance applications for ages between 18 to 40, for amounts up to $250,000 (inclusively).

Please refer to our dedicated Web page for advisors and managing general agents to get all of the latest details and updates in the context of Covid-19.

Know that our teams are working hard to offer you the best support possible during this "new normal" period.