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There are big moments in life when planning for the future is important – getting married, starting a family or buying a home. We know that you lead a busy life and it can be hard to find the time to consider all of your insurance needs. With insureNOW Plus, there's no need for excuses because we've made it simple with one easy-to-purchase package that gets you life, critical illness and accidental disability insurance with no medical exam required to apply. There really is no better time than now to get the coverage you need.

 

Build a foundation with insureNOW or help prepare for a number of life's unexpected events with insureNOW Plus.


Ready to explore?

 


insureNOW Plus

 

insureNOW Plus

 

Easy-to-purchase package of life, critical illness and accidental disability insurance

 



Overview

 

  • 3 types of coverage up until age 65 – Life, Critical Illness and Accidental Disability Insurance
  • Total coverage amounts from $50,000 to $250,000
  • If you experience a critical illness or become disabled as a result of an accident you receive a portion of your total coverage amount, and the balance of your coverage remains as life insurance.
    • Critical Illness Insurance coverage is paid directly to you if you have a Heart AttackHeart Attack (Myocardial infarction) is defined as a definite diagnosis of the death of heart muscle due to obstruction of blood flow, that results in:

      Rise and fall of biochemical cardiac markers to levels considered diagnostic of myocardial infarction, with at least one of the following:
      - Heart Attack symptoms
      - new electrocardiogram (ECG) changes consistent with a Heart Attack
      development of new Q waves during or immediately following an intra-arterial cardiac procedure including, but not limited to, coronary angiography and coronary angioplasty
      or StrokeStroke (Cerebrovascular Accident) is defined as a definite diagnosis of an acute cerebrovascular event caused by intra-cranial thrombosis or haemorrhage, or embolism from an extra-cranial source, with:

      - acute onset of new neurological symptoms, and
      - new objective neurological deficits on clinical examination, persisting for more than 30 days following the Date of Diagnosis. These new symptoms and deficits must be corroborated by diagnostic imaging testing.
      , if you're diagnosedDiagnosis or Diagnosed means the complete fulfillment of the definition of a Covered Condition or Total Disability as described with a Life-Threatening CancerCancer (Life-Threatening) is defined as a definite diagnosis of a tumour characterized by the uncontrolled growth and spread of malignant cells and the invasion of tissue. or if you undergo Coronary Artery Bypass SurgeryCoronary Artery Bypass Surgery is defined as the undergoing of heart Surgery to correct narrowing or blockage of one or more coronary arteries with bypass graft(s), excluding any non-surgical or trans-catheter techniques such as balloon angioplasty or laser relief of an obstruction. The Surgery must be determined to be medically necessary by a Specialist. following a survival periodSurvival Period means the period starting on the Date of Diagnosis of a Covered Condition and ending 30 consecutive days following the Date of Diagnosis of the Covered Condition. The Survival Period does not include the number of days on life support. The Life Insured must be alive at the end of the Survival Period and must not have experienced irreversible cessation of all functions of the brain. of 30 days.
    • Accidental Disability Insurance coverage is paid directly to you if you're totally disabledTotal Disability or Totally Disabled means, as a result of an Accidental Injury, the Life Insured is under the regular care and attendance of a Physician, is following recommended treatment and is unable to work or perform his or her normal activities. as the result of an accident and the total disability continues for 180 consecutive days.
    • Note: You can receive payment for the Critical Illness benefit OR the Accidental Disability benefit, but not both.
  • Optional: Extended Life Benefit past age 65
    • Continues term life coverage at 25% of your policy total at age 65
    • No premiums are required after age 65

Benefits

 

  • Helps prepare you and your family for many unexpected events
  • Benefits can be used to cover any expenses, such as mortgage payments, childcare costs, tuition fees and more
  • Takes care of many medical expenses not covered by provincial health care plans
  • Gives you the ability to focus on recovery if you are sick or injured, instead of worrying about finances

Who qualifies

 

  • Canadian residents ages 18 to 49

Key features

 

  • No medical exam is required for approval of the application, just answer a few simple questions by phone or online
  • Receive a guaranteed rate for as long as the policy is in force, based on age, gender and smoking status
  • Immediate full coverage as soon as your policy is issued
  • 30-day money-back guarantee
  • Receive information and advice when you need help making the right health care choices with Best Doctors®, at no additional cost
  • Get counselling, guidance and information for your health, wellness and recovery with Helping Hands®, at no additional cost

What's not covered

 

All insurance products have some limitations and exclusions you should understand in advance. In the case of insureNOW Plus, you will not receive the Life Benefit if:

 

  • Your death results from suicide within two years from your Policy Date.
  • You provide false, incorrect or incomplete information about your health or lifestyle in your application.

 

You will not receive a Critical Illness or Accidental Disability Benefit if your condition results directly or indirectly from:

 

  • Attempted suicide or self-inflicted injuries
  • The use of drugs or the influence of alcohol
  • The commission or attempt to commit a criminal offence

 

In addition, the accidental disability benefit is not paid if total disability results directly or indirectly from the following causes:

 

  • Participation in professional sports, participation in motorized contests, or other hazardous activities, such as scuba diving, sky diving, parachuting, rock or cliff climbing, hang gliding or bungee jumping
  • Air travel if you are not a fare-paying passenger
  • Sickness or surgical procedure
  • Mental or emotional disorders

 

This information is only a summary. Actual terms, exclusions and limitations are explained in the policy. A sample policy document can be viewed here.


Coverage options

 

insureNOW Plus offers three forms of coverage. The ideal time to buy life insurance is now since purchasing at a younger age may mean that your monthly premiums will be lower.

 

There are 2 payout options for Critical Illness and Accidental Disability coverage:

 

insureNOW Plus Option 1 insureNOW Plus Option 2
  • Critical Illness Benefit to age 65 at 50% of your total coverage
  • Accidental Disability Benefit to age 65 at 15% of your total coverage
  • Critical Illness Benefit to age 65 at 25% of your life insurance benefit
  • Accidental Disability Benefit to age 65 at 7.5% of your life insurance benefit

 

When a critical illness or disability claim is paid, your total coverage amount will be reduced by the amount of the claim paid. Your monthly premium will also be reduced to reflect this lower total coverage amount and your critical illness and accidental disability coverage will expire.

 

 

Need Life Insurance past age 65?

 

Add the Extended Life Benefit:

 

  • Continues life insurance coverage of 25% of your policy total at age 65
  • All premiums are paid up at age 65

 

How it Works – example: $250,000 in total coverage with Option 1 (50% Critical Illness Benefit and 15% Accidental Disability Benefit)

 

Scenarios Payout
Death prior to age 65 $250,000 paid at time of death
Critical Illness (50%) prior to age 65 $125,000 paid out for a covered Critical Illness and $125,000 remains as Term Life coverage until age 65
Accidental Disability (15%) prior to age 65 $37,500 paid out for a covered Accidental Disability and $212,500 remains as Term Life coverage until age 65
Optional Extended Life Benefit After age 65, receive $62,500 paid at time of death
insureNow

 

insureNOW

 

Simplified Term Life insurance you can buy online

 



Overview

 

  • Term Life Insurance to age 65 for any amount from $50,000 to $250,000
  • Optional: Extended Life Benefit past age 65
    • Continues term life coverage at 25% of your policy total at age 65
    • No premiums are required after age 65

Benefits

 

  • Help provide for those you care about the most at that life-changing moment
  • Assurance that you will be covered quickly after answering a few simple questions
  • Coverage designed to build a foundation when you're starting out

Who qualifies

 

  • Canadian residents ages 18 to 49

Key Features

 

  • No medical exam is required for approval of the application, just answer a few simple questions by phone or online
  • Receive a guaranteed rate for as long as the policy is in force, based on age, gender and smoking status
  • Immediate full coverage as soon as your policy is issued
  • 30-day money-back guarantee
  • Option to add Extended Life Benefit to your plan, which will continue coverage at 25% of your policy total at age 65

What's not covered

 

All insurance products have some limitations and exclusions you should understand in advance. In the case of insureNOW, you will not receive benefits if:

 

  • Your death results from suicide within two years from your Policy Date.
  • You provide false, incorrect or incomplete information about your health or lifestyle in your application.

 

Keep in mind that this information is only a summary. Actual terms, exclusions and limitations are explained in the policy that will be issued to you. A sample policy document can be viewed here.


Coverage options

 

The ideal time to buy life insurance is now since purchasing at a younger age may mean that your monthly premiums will be lower.

 

Get started by choosing the coverage that is right for you:

 

  • Term Life Insurance to age 65 for any amount from $50,000 to $250,000

 

Then choose if you'd like to add the Extended Life Benefit (ELB) to your plan:

 

  • Continues life insurance coverage at 25% of your policy total at age 65
  • No premiums are required after age 65

Tools

 

 

 

Online quote

 

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What is your date of birth?

 

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We ask for this information to determine your eligibility for our products and calculate your cost.

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What is your gender?

 

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Have you used any form of tobacco, including marijuana or hashish (except an average of one large cigar a month or), nicotine products, or nicotine substitutes in the last 12 months?

 

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Would you like your life insurance coverage to extend beyond age 65?

 

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How much coverage do you need?

 

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To determine the right coverage amount, consider both the short- and long-term needs for your dependents or beneficiaries. A good starting point is calculating your total debts plus 5x your annual income.
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How often would you like to pay?

 

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How to buy

 


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Insurance issued by BMO Life Assurance Company

 

Helping Hands® Registered trademark of BMO Life Assurance Company. Helping hands services provided by Morneau Shepell.

 

Best Doctors® Registered trademark of Best Doctors, Inc. Used with permission.