A PRESS RELEASE BY
New Life addition to our Disability Payment Insurance – Accident and Sickness product
September 10, 2024
Humania Assurance is pleased to announce its newest launch of Life Insurance added to our Disability Payment Insurance – Accident and Sickness product, designed to more specifically meet the needs of the mortgage market.
This product now offers clients comprehensive coverage, with a death benefit from $100,000 to $1,000,000* in the event of death for people age 18 to 60.**
“We’re delighted to be able to provide a comprehensive offering that meets the growing financial security needs of our clients. With competitive premiums, simplified underwriting, and flexible coverage, this insurance reflects our commitment to offering quality products and supporting our clients at every stage of their lives,” says Amélie Jodoin, National Vice-President, Business Development, Individual Insurance.
Main features:
- Terms offered and issue age:
- Term 10: from 18 to 55 years old
- Term 20: from 18 to 45 years old
- Term 65: from 18 to 60 years old
- Guaranteed premium for the chosen term
- Conversion allowed up to 65 years old
Highlights of this competitive offering:
- Online application for DI and Life simultaneously
- Underwriting based on DI request
- No additional medical requirements for Life Insurance
- Discount applicable on the purchase of two contracts
*based on the Insured’s age and chosen DI benefit amount
**depending on the Life term chosen
Check out our full offering on Humania.ca.
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