Consumer's CI T10/T20 are affordable CI insurance plans to age 75 that are guaranteed renewable. The base premiums and ROPD premiums are fully guaranteed.
Issue Ages - (Age nearest)
- T10: 18 to 65
- T20: 18 to 55
Sum Insured
- Minimum: $100,000
- Maximum: $2,000,000
The sum insured is payable to the policy owner
Rate Bands
- $100,000 - $249.999
- $250,000 - $499.999
- $500,000 - $2,000,000
Premiums
The T10 and T20 plans are guaranteed renewable with premium increases at each 10
and 20 policy anniversary, respectively. Premiums are fully guaranteed.
Rating (Substandard Risks)
Premium ratings will only be applied to the base plan and ROPD option.
Conversion
No
Conversion Privilege
No
Surrender Charge
None
Accelerated Health Care
N/A
Prompt Recovery
Only the Domestic and Legal assistance services are available at no charge on a non-contractual basis.
Insurance Duration
Both plans expire on the policy anniversary in which the insured becomes 75 years of age.
End of Coverage
At the first of the following events:
- Expiry of protection
- Payment of a benefit
- At death of insured
Life Insured Options
Individual
Covered illnesses
10 illnesses are covered, including:
- Cancer
- Heart Attack (Myocardial Infarction)
- Stroke
- Multiple Sclerosis
- Coronary Artery Bypass
- Kidney Failure
- Blindness
- Deafness
- Loss of Speech
- Dismemberment
Return of Premiums at Death
Available as an option, Return of Premium at Death (ROPD) provides a refund equal to 100% of all premiums, payable at death. Premiums refunded refer to the annual premium of the base coverage plus the ROPD optional benefit premiums but exclude all other benefits or rider premiums. Substandard rating premiums, if applicable, would also be refunded.
The ROPD benefit is paid to the beneficiary as designated by the policy owner.
Limited to the sum insured at the time of refund.
Return of Premiums at Maturity or at Lapse or at Surrender
Not offered
Additional Benefits
Supplementary Benefits
This plan may not be combined with another base coverage in one contract.
Policy Fee
$50 annual (We will waive the policy fee for the Consumer CI with a face amount of $100,000 and over when combined with any amount of life insurance coverage on the same insured.)
Assistance service
Legal Assistance
A direct phone service provided by a lawyer who helps you find answers to the legal concerns you may have.