Get the best Insurance Quote from Canada Protection Plan
Call 1 844-542-4678 to speak to our advisors.
Common questions
- Life Insurance can protect your family from any financial crisis
- You leave a completely tax-free inheritance to your dear ones or beneficiaries
- Life Insurance can pay for your funeral expenses
- You can clear your debts and loans with Life Insurance
Term Life Insurance
We pride ourselves on having a wide range of No Medical & Simplified Issue plans that other Canadian insurance providers do not have. Our plans are simple and convenient for every individual, including the ones that are difficult to insure. So, if you are looking to get the best coverage in the least time, contact the team at Canada Protection Plan today.
Why should you choose Canada Protection Plan for No Medical & Simplified Issue Term Life Insurance?
- Complete protection from day one for most of our insurance plans.
- Both level and decreasing term plans are offered.
- Coverage is provided up till age 80, and all level term plans are renewable.
- If you require coverage beyond the age of 80, don’t worry, all our level term insurance plans can be converted to a permanent plan until the age of 70 regardless of your health at the time of plan conversion.
- A range of complimentary benefits is provided than other life insurance companies.
- The plans are available in ten, twenty, twenty-five and thirty-year term periods. The premiums on these plans remain the same for a selected term period and are renewable for additional term periods. Irrespective of your health, the plans are guaranteed and can be renewed.
- Coverage lasts for twenty-five years and is the best way to protect your loved ones from outstanding mortgage payments.
- Exceptional customer service is provided from the day you apply until the claim is completely paid off.
- Canadian owned and serviced by the citizens of Canada.
Deferred Elite Term Insurance Policy
Who should consider Deferred Elite Term Insurance Policy?
The Deferred Elite Term Insurance is a plan from Canada Protection Plan that provides coverage for hard-to-insure Canadian citizens. This plan is ideal for people who were denied insurance previously or have less severe health conditions. Coverage available for this plan is up to $350,000
Importance of Deferred Life Insurance Plan?
This plan is created to provide lifetime protection to individuals who are hard to insure. If the insured’s death occurs in the first two years other than an accident, the death benefit will be limited to a return of premiums, including 3% simple interest. If the insured’s death occurs after two years or the death happens to be accidental, the total coverage amount is payable.
Options available to pay premiums
The options for premium include payments made annually by credit card or cheque, including monthly payments made by a bank authorized debit card. The minimum monthly premium is $15, and the minimum annual premium is $150
Guarantees that exist under the Deferred Elite Term Insurance plan:
- Regardless of the life of the policy, the coverage amount will never decrease.
- Premiums remain the same for the entirety of the policy and are guaranteed.
- At the beginning of the fifth year of the policy, it will start to accumulate guaranteed cash values. These cash values can be used to pay premiums for as long as these values are sufficient. If you wish to cancel your policy, the policy owner will be paid any remaining cash value available.
- You can rest assured; all policies at Canada Protection Plan include a 10-day free look guarantee that gives policyholders ten days from the date they receive the policy to analyze and decide if that is the right insurance policy for them. If you choose to return the policy after ten days, we will refund your premium.
Additional no cost benefits that are included with every Deferred Elite TermInsurance plan
Every Deferred Elite TermInsurance plan consists of:
- Terminal Illness Benefit: Upon diagnosis of a terminal illness, the owner of the policy is paid up to 75% of the death benefit to a maximum of $250,000
- Transportation Benefit: If the owner of the policy has passed away more than 200 kilometres from their primary residence, we can help transport the insured's body.
Additionally, all policies at Canada Protection Plan may include numerous non-contractual member benefits offered by the company which underwrites our insurance policies, Foresters Life Insurance Company. The above-mentioned are just a few listed benefits. All benefits will be outlined when you receive your policy.
- A document preparation service online helps create customizable wills, healthcare directives, and powers of attorney.
- Scholarships for higher learning worth up to $8000
- A scholarship worth up to $6000 annually for a renewable higher learning for four years for children of the insured deceased members.
- Emergency grants to provide short-term, temporary financial assistance to members affected by significant personal hardship, disaster or large-scale emergency.
- Upon the demise of both parents, a monthly payment for the children up to the age of 18
- Confidential money management assistance providing financial help by accredited counsellors.
Additional benefits added to the DeferredElite TermInsurance plan
Depending on your age, if the cause of death is accidental, the benefit will pay up to five times the basic life insurance death benefit. As defined in the policy, the benefit will pay a chosen additional amount.
Get the best Insurance Quote from Canada Protection Plan
Call 1 844-542-4678 to speak to our advisors.
Simplified Elite Term Insurance
Who should you consider Simplified Elite Term?
If you are in good health or an individual who likes to engage in extreme sports, then Simplified Elite Terminsurance is the policy for you. If you are looking to get life insurance quickly, then this plan is ideal for you as well. You do not need to undertake a medical exam to apply for this policy, and the coverage amount available is up to $500,000
Importance of Simplified Elite Life Insurance Plan?
This insurance plan provides coverage for a fixed period. Policy coverage is available for ten years, twenty years, and twenty-five years. The policy is available in both decreasing term and level term versions. Over the twenty-five-year period, the coverage of the decreasing term reduces.
Simplified Elite Term provides quick coverage with absolutely no waiting period, unlike other No Medical insurance providers. The plans are renewable up till the age of 80 for additional term periods. For your peace of mind, all Simplified Elite Term plans are convertible up to the age of 70
Options available to pay premiums
For the entirety of the insurance policy, you may choose to pay the same premium, or you may decide to pay a higher premium amount for only twenty years. The options for premium include payments made annually by credit card or cheque, including monthly payments made by a bank-authorized debit card.
Guarantees that exist under the Simplified Elite LifeInsurance plan:
- Regardless of the life of the policy, the coverage amount will never decrease.
- Premiums remain the same for the entirety of the policy and are guaranteed.
- You can rest assured; all policies at Canada Protection Plan include a 10-day free look guarantee that gives policyholders ten days from the date they receive the policy to analyze and decide if that is the right insurance policy for them. If you choose to return the policy after ten days, we will refund your premium.
Additional no cost benefits that are included with every Simplified Elite Life Insurance plan
Additionally, all policies at Canada Protection Plan may include numerous non-contractual member benefits offered by the company which underwrites our insurance policies, Foresters Life Insurance Company. The above-mentioned are just a few listed benefits. All benefits will be outlined when you receive your policy.
- Terminal Illness Benefit: Upon diagnosis of a terminal illness, the owner of the policy is paid up to 75% of the death benefit to a maximum of $250,000
- Transportation Benefit: If the owner of the policy has passed away more than 200 kilometres from their primary residence, we can help transport the insured's body.
Additionally, all policies at Canada Protection Plan may include numerous non-contractual member benefits offered by the company which underwrites our insurance policies, Foresters Life Insurance Company. The above-mentioned are just a few listed benefits. All benefits will be outlined when you receive your policy.
- A document preparation service online helps create customizable wills, healthcare directives, and powers of attorney.
- Scholarships for higher learning worth up to $8000
- A scholarship worth up to $6000 annually for a renewable higher learning for four years for children of the insured deceased members.
- Emergency grants to provide short-term, temporary financial assistance to members affected by significant personal hardship, disaster or large-scale emergency.
- Upon the demise of both parents, a monthly payment for the children up to the age of 18
- Confidential money management assistance providing financial help by accredited counsellors.
Additional benefits added to the SimplifiedElite Life insurance policy
Depending on the age of the policyholder, they are eligible for an additional premium if they purchase any of the below-mentioned other benefits:
- Increase your coverage amount for a short period with a low-cost term insurance rider. The term can be for ten years, twenty years, or even twenty-five years. You can use the term rider of the 25-year plan to cover a reducing mortgage balance.
- If the cause of death is accidental, the benefit will pay up to five times the basic life insurance death benefit.
- Child Term Benefit: An insured child is eligible for $5,000, $10,000 or $15,000 each.
- Hospital Cash Benefit: Upon hospitalization of the policyholder, a chosen benefit will be paid daily.
Get the best Insurance Quote from Canada Protection Plan
Call 1 844-542-4678 to speak to our advisors.
Preferred Term Life Insurance Plan
If you are in goof health and looking for quick coverage, you can rely on Preferred Term Life Insurance.
Who should you consider Preferred TermLife Insurance Plan?
If you are under the age of seventy and looking for an insurance plan that provides lifetime protection and coverage up to $1,000,000, you should choose the Preferred Life Insurance plan. Additionally, the application process is simple and hassle-free. Also, it is a No Medical policy for amounts up to $500,000. If you are in good health and looking for instant coverage within a few days, this is an excellent Term Life Insurance option.
Importance of Preferred Term Insurance Plan
This insurance plan provides coverage for a fixed period. Policy coverage is available for ten years, twenty years, and twenty-five years. The policy is available in both decreasing term and level term versions. Over the twenty-five-year period, the coverage of the Preferred Term insurance provides quick coverage with absolutely no waiting period, unlike other No Medical insurance providers. The plans are renewable up till the age of 80 for additional term periods. For your peace of mind, all Simplified Elite Term plans are convertible up to the age of 70
Options available to pay premiums
The options for premium include payments made annually by credit card or cheque, including monthly payments made by a bank-authorized debit card.
Guarantees that exist under the PreferredTerm LifeInsurance plan:
- Regardless of the life of the policy, the coverage amount will never decrease.
- Premiums remain the same for the entirety of the policy and are guaranteed.
- You can rest assured; all policies at Canada Protection Plan include a 10-day free look guarantee that gives policyholders ten days from the date they receive the policy to analyze and decide if that is the right insurance policy for them. If you choose to return the policy after ten days, we will refund your premium.
Additional no cost benefits that are included with every PreferredTermLife Insurance plan
Additionally, all policies at Canada Protection Plan may include numerous non-contractual member benefits offered by the company which underwrites our insurance policies, Foresters Life Insurance Company. The above-mentioned are just a few listed benefits. All benefits will be outlined when you receive your policy.
- A document preparation service online helps create customizable wills, healthcare directives, and powers of attorney.
- Premiums remain the same for the entirety of the policy and are guaranteed.
- You can rest assured; all policies at Canada Protection Plan include a 10-day free look guarantee that gives policyholders ten days from the date they receive the policy to analyze and decide if that is the right insurance policy for them. If you choose to return the policy after ten days, we will refund your premium.
Additional no cost benefits that are included with every Express Elite Term Life Insuranceplan
Additionally, all policies at Canada Protection Plan may include numerous non-contractual member benefits offered by the company which underwrites our insurance policies, Foresters Life Insurance Company. The above-mentioned are just a few listed benefits. All benefits will be outlined when you receive your policy.
- A document preparation service online helps create customizable wills, healthcare directives, and powers of attorney
- Scholarships for higher learning worth up to $8000
- A scholarship worth up to $6000 annually for a renewable higher learning for four years for children of the insured deceased members.
- Emergency grants to provide short-term, temporary financial assistance to members affected by significant personal hardship, disaster or large-scale emergency.
- Upon the demise of both parents, a monthly payment for the children up to the age of 18
- Confidential money management assistance providing financial help by accredited counsellors.
Additional benefits added to the Express Elite Term Life Insurancepolicy
Depending on the age of the policyholder, they are eligible for an additional premium if they purchase any of the below-mentioned other benefits:
- Increase your coverage amount for a short period with a low-cost term insurance rider. The term can be for ten years, twenty years, or even twenty-five years. You can use the term rider of the 25-year plan to cover a reducing mortgage balance.
- If the cause of death is accidental, the benefit will pay up to five times the basic life insurance death benefit.
- Child Term Benefit: An insured child is eligible for $5,000, $10,000, $15,000, or $20,000
- Hospital Cash Benefit: Upon hospitalization of the policyholder, a chosen benefit of $25, $50, or $100 will be paid daily.
- Maximum lifetime benefit payout of $100,000 offered by a critical illness rider.
Get the best Insurance Quote from Canada Protection Plan
Call 1 844-542-4678 to speak to our advisors.
Preferred Elite Term Insurance
Preferred Elite Term Insurance plan is created for people whose health is in a very good condition and require coverage immediately, unlike traditional underwriting.
Who should you consider Preferred Elite Term Insurance plan?
If you are looking for an insurance plan that provides lifetime protection and coverage up to $1,000,000, you should choose the Preferred Elite Term Life Insurance plan.Additionally, the application process is simple, and the permanent rates are the best compared to any other insurance plan. Preferred Elite Life Insurance is fully underwritten. So, if your health is in good condition, this is the plan for you.
Importance of Preferred Elite Term Insurance Plan?
The coverage provided is for a fixed period, ideally for ten years, twenty years, or thirty years. There is no waiting period, and the coverage is immediate. The Preferred Elite Term plan for the ten, twenty, and twenty-five years can be renewed for additional term periods up to the age of 80 without the insured having to provide any proof of insurability. The Preferred EliteTerm Insurance policies are convertible up to the age of 70
Options available to pay premiums
The options for premium include payments made annually by credit card or cheque, including monthly payments made by a bank-authorized debit card.
Guarantees that exist under the Preferred Elite Term Insuranceplan:
- Regardless of the life of the policy, the coverage amount will never decrease.
- Premiums remain the same for the entirety of the policy and are guaranteed.
- You can rest assured; all policies at Canada Protection Plan include a 10-day free look guarantee that gives policyholders ten days from the date they receive the policy to analyze and decide if that is the right insurance policy for them. If you choose to return the policy after ten days, we will refund your premium.
Additional no cost benefits that are included with every Preferred Elite Term Insurance plan
Additionally, all policies at Canada Protection Plan may include numerous non-contractual member benefits offered by the company which underwrites our insurance policies, Foresters Life Insurance Company. The above-mentioned are just a few listed benefits. All benefits will be outlined when you receive your policy.
- A document preparation service online helps create customizable wills, healthcare directives, and powers of attorney.
- Scholarships for higher learning worth up to $8000
- A scholarship worth up to $6000 annually for a renewable higher learning for four years for children of the insured deceased members.
- Emergency grants to provide short-term, temporary financial assistance to members affected by significant personal hardship, disaster or large-scale emergency.
- Upon the demise of both parents, a monthly payment for the children up to the age of 18
- Confidential money management assistance providing financial help by accredited counsellors.
Additional benefits added to the Preferred Elite TermInsurance plan
Depending on the age of the policyholder, they are eligible for an additional premium if they purchase any of the below-mentioned other benefits:
- Increase your coverage amount for a short period with a low-cost term insurance rider. The term can be for ten years, twenty years, or even twenty-five years. You can use the term rider of the 25-year plan to cover a reducing mortgage balance.
- If the cause of death is accidental, the benefit will pay up to five times the basic life insurance death benefit.
- Child Term Benefit: An insured child is eligible for $5,000, $10,000, $15,000, or $20,000
- Hospital Cash Benefit: Upon hospitalization of the policyholder, a chosen benefit will be paid daily.
Get the best Insurance Quote from Canada Protection Plan
Call 1 844-542-4678 to speak to our advisors.