Accidental death, dismemberment or loss of use

Features

Issue ages (age nearest)

• 0 to 60 years

Amount of insurance

• minimum: $10,000
• maximum: the lesser of:
  • $500,000
  • 100% of the total amount covering the insured

Premium

• Fixed and guaranteed
• Until the termination of the main coverage without exceeding the insured’s 70th birthday.

Termination of coverage

The earliest of:

• the insured's 70th birthday
• the death of the insured
• the date the coverage is converted into a reduced paid-up insurance (reduced coverage amount) or prolonged paid-up insurance (reduced payment period)
• the date that the main coverage on the contract is terminated

Characteristics

• The benefit may be doubled in certain circumstances (e.g. accident aboard public transit).
• A benefit is payable for each loss providing that they result from a separate accident.
• If the death of the insured occurs within the 365 days following the accident and a benefit is paid, the insurance amount will be reduced by the benefit paid.

Examples

1. Whole Life Guaranteed 20 Pay: $10,000
   • ADD available: $10,000
   • You can’t offer more than the total amount of insurance.
2. Whole Life Guaranteed 20 Pay: $10,000
   • Term 20: $100,000
   • On the same insured.
   • ADD available: between $10,000 and $110,000
   • You can offer a maximum of $110,000 because the total amount of insurance is $110,000 ($10,000 + $100,000).
3. Universal life Term to 100: $10,000
   • Term 20: $250,000
   • On the same insured.
   • ADD available: between $10,000 and $260,000
   • You can offer a maximum of $260,000 because the total amount of insurance is $260,000 ($10,000 + $250,000).