Term 20 Life Insurance

	Term 20
Premiums	Guaranteed level for 20 years.
Coverage	Guaranteed level for the life of the policy.
Cancellation	Maybe be cancelled at any time by the policy owner. Non-cancellable by the insurance company.
Underwriting	In most cases, a short medical history phone call and ordering of a report from your doctor.
Policy Owner	You.
Beneficiary	Your choice.
Renewals	Renewable for life. After the first 20 years, policy renews every 10 years to age 85. At age 85, option to convert the policy to Term to 100 (premiums level for life). No more premiums due at age 100.
Conversion	Option to exchange to permanent life insurance without medical information, up to age 71.
Accelerated Death Benefits	In the event of limited life expectancy, access a portion of your death benefit while you are still alive (subject to conditions).
Critical Illness Option	Add $100,000 of coverage for 25 primary and 4 minor conditions. See Critical Illness Insurance option for more details.
Suitable for	Canadians who need life insurance coverage for 20 years.

About Term 20

What Happens if You Become Uninsurable?

If you become uninsurable prior to age 71, you can use the conversion option to exchange your term life insurance policy for a permanent life insurance policy. No medical underwriting is needed to do this conversion, premiums are based on your health class from when you originally purchased your term life insurance policy.

Term 20 Coverage Can be Maintained Up to Age 100

Premiums are level for 20 years, and then renew every 10 years until age 85. At age 85 you have the option to renew with level premiums to age 100, at which point the policy becomes fully paid up.