| Golden Edge - Product Description |
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Here is a summary of the two Golden Edge plans.
Golden Edge Classic
Issue Ages (Age Last)
- Male Non-smoker 55 to 85 years old
- Male Smoker 55 to 82 years old
- Female Smoker or Non-smoker 55 to 85 years old
Annual Policy Fee
Minimum Face Amount
- $2,500 and a minimum annual premium of $300.00
Maximum Face Amount
Premiums
- Guaranteed Level and are payable to age 100.
- Rates are based on Male/Female, Smoker/Non-smoker.
No Claim Clause
- This policy contains a "2 year claim clause". If a claim is made within the first two years the policy is inforce, a refund of premiums paid up the date of death will be made.
- No interest is payable on this amount. This claim clause applies to all policies and cannot be waived for any reason.
Equity
- Policy equity commences in the third policy year. Values are fully guaranteed.
Reduced Paid-Up Coverage
- Available at the end of the third year. Reduced Paid-up Coverage is not available if the resulting sum insured is less that $1,000.
Underwriting
- Only 7 general health questions are asked and provided all are answered "no", and no adverse information is received from the Medical Information Bureau and the initial premium has been received, the policy will be issued.If the answer to any question is "yes", do not proceed with the application.
Additional Benefits
Additional Riders
Joint Life
Golden Edge Enhanced
Issue Ages (Age Last)
- Male Non-smoker 55 to 85 years old
- Male Smoker 55 to 82 years old
- Female Smoker or Non-smoker 55 to 85 years old
Annual Policy Fee
Minimum Face Amount
- $2,500 and a minimum annual premium of $300.00
Maximum Face Amount
Premiums
- Guaranteed Level and are payable to age 100.
- Rates are based on Male/Female, Smoker/Non-smoker.
No Claim Clause
- This policy contains a "2 year claim clause" for ages 70 - 85. If a claim is made within the first two years the policy is in force, a refund of premiums paid up to the date of death will be made.
- No interest is payable on this amount. This clause can be removed for this age group by having the Physician's declaration completed on the back of the application.
Physician's Declaration
- This declaration is on the back of the 2
 copy of the application which has been provided for this purpose.
- Send the original to Head Office and the second copy to the client's doctor for signature on the declaration.
- An amount not exceeding $25 will be paid to the Physician on receipt of the signed declaration. The policy will be issued with the "2 year claim clause" included, provided there is no adverse information on the Medical Information Bureau. The declaration must be received in Head Office within 60 days of the signing of the application in order to remove the clause. At that time, an amendment will be sent to the client stating that we have removed the clause from the contract. This must be attached to the policy at that time. A copy will also be sent to the producer.
- If the doctor cannot sign the declaration for any reason, the clause will remain in the contract and there will be no claims paid in the first two years.
Equity
- Policy equity commences in the third policy year. Values are fully guaranteed.
Reduced Paid-Up Coverage
- Available at the end of the third year.
- Reduced Paid-up Coverage is not available if the resulting sum insured is less that $1,000.
Underwriting
- Your client must answer the 7 questions for Golden Edge Classic, as well as the
3 questions for Golden Edge Enhanced.
- Provided all 10 questions are answered "no", and no adverse information is received from the Medical Information Bureau, and initial premium has been received, the policy will be issued.
- If the answer to 8, 9 or 10 is "yes", your client will not be eligible for the Enhanced policy but can still apply for Classic.
Additional Benefits
Additional Riders
Joint Life
Assistance service
Legal Assistance
A direct phone service provided by a lawyer who helps you find answers to the legal concerns you may have.
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