We hope that you have a long and prosperous career with steady income growth and increasing assets.
As your wealth and responsibilities grow, you will need life insurance coverage that grows with you and helps protect the wealth you’re working so hard to build.
- Built for you
As the name implies, Term 80 Life Insurance provides coverage to the age of 80 to a maximum of $5,000,000 in coverage.
When you take out new coverage through Lawyers Financial, our unique Automatic Increase Benefit* (AIB) feature automatically increases your coverage by an amount equal to 10% of your certificate’s original face amount every December 1st, following 12 consecutive months of initial ownership. Increases to your face amount are applied automatically and do not require any evidence of continued insurability. You may decline an AIB increase at any time.
- Your Questions Answered
Here are a few questions we get from our clients who explore this option. Discuss these and other questions with your Advisor.
What if I’m unable to keep up my premiums due to an illness or injury?
We know it happens and that’s why we offer a built-in waiver of premium benefit at no cost to you. If you are totally disabled for six months or longer, before age 65, we pay the premiums for you, for as long as you are disabled.
I’m young and in great shape. Do I have to pay as much as everyone else?
Good for you. Ask about your eligibility for preferred rates based on your good health.
Do I get a break if I buy more insurance?
Yes. The more Term Life you own, the lower your rate per thousand of benefit. Volume discounts begin with insurance amounts of $250,000.
Term Life insurance underwritten by The Manufacturer’s Life Insurance Company (Manulife). P.O. Box 670, Stn Waterloo, Waterloo ON N2J 4B8