July 9, 2020
Individual life insurance
Extended flexibility period for temporary life and critical illness underwriting measures |
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The time period for the recent easing of our temporary measures of life and critical illness underwriting requirements has been extended again until August 31, 2020. However, please keep in mind that this may change or be extended depending on the evolution of the COVID-19 pandemic. |
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With the life insurance temporary measures in place until August 31, 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)
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Note: No preferred risk for ages between 16 and 50.
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As for our Critical Illness temporary measures in place until August 31, no underwriting requirements are required for critical illness insurance applications for ages between 18 to 40, for amounts up to $250,000 (inclusively). |
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