This product provides a mortgage benefit up to $3,000/month to help cover your mortgage while you are off work with an injury or illness. Premiums are renewed in ten-year increments at a higher premium. 

Critical Illness Benefit
The critical illness benefit will be payable if the insured person was diagnosed by a specialist with a covered critical illness or covered medical condition(s) as defined in the policy and survives for thirty (30) days following the date of diagnosis or such longer period as described in the policy. The diagnosis must be established after the policy date and while the policy is in force. The critical illness benefit is only payable once and the policy then terminates, regardless of the number of critical illnesses that may be diagnosed. Payment of the critical illness benefit will represent full and final discharge of all claims under the policy.

Available as a 10 year renewable rider or a stand alone to age 75 policy!

The policy provides coverage for 25 critical illness conditions and should be read in conjunction with the policy definitions and provisions.

If the insured’s death does not result from a pre-existing condition, the insurer will pay the life insurance benefit indicated in the plan summary, subject to the policy limitations and exclusions.
Amount of coverage -  Minimum $5,000, maximum $500,000.
Age limit upon purchase - Available to persons 18 to 60 years old (inclusive).

Type of contract  - Term 10 or 20 years depending on the option chosen by the person insured.
Renewal -  Guaranteed renewable to age 70.
Premium  - This policy has premiums that change every 10 or 20 years, depending on the option selected by the policyholder. The premium is guaranteed for the selected period. At the end of the 10 or 20-year period, depending on the option selected, the premium will be adjusted to reflect the insured’s attained age, the insured’s original risk class and the premium rates applicable at that date. The new premium will also be guaranteed for a further period of 10 or 20 years.
Beneficiary - As designated by the Person insured.
Pre-existing condition  - Pre-existing condition of 12 or 24 months apply (varies according to the policy
purchased by the Person insured).
Refund of Premium Rider (optional) - After 20 years without claim, receive a premium refund of up to 75% of total
premiums paid.
Exclusions and restrictions - Please refer to the Life Insurance policy for full details.

If the insured is diagnosed with a critical illness covered by the policy and the critical illness does not result from a preexisting condition, the insurer will pay the critical illness benefit if the insured is still alive thirty (30) days after the date of diagnosis.

Amount of coverage - Minimum $5,000, maximum $100,000.
Age limit upon purchase - Available to persons 18 to 55 years old (inclusive).

ype of contract - Term 10 or 20 years depending on the option chosen by the person insured.
Renewal - Guaranteed to age 65.
Premium - This policy has premiums that change every 10 or 20 years, depending on the option selected by the policyholder. The premium is guaranteed for the selected period. At the end of the 10 or 20-year period, depending on the option selected, the premium will be adjusted to reflect the insured’s attained age, the insured’s original risk class and the premium rates applicable at that date. The new premium will also be guaranteed for a further period of 10 or 20 years.
Covered Illnesses
• Stroke (cerebrovascular accident)
• Cancer
• Coronary surgery
• Heart attack (myocardial infarction)
Please refer to the specimen document Critical Illness Insurance policy for the exact definition of the payable conditions.
Survival period - 30 days.
Moratorium Period - 90 days.
Refund of Premium on Death - Yes.
Beneficiary - The person insured unless indicated otherwise in the application.
Pre-existing Condition - A pre-existing condition of 12 or 24 months apply (varies according to the policy purchased by the Person insured).
Refund of Premium Rider (optional) - After 20 years without claim, receive a premium refund of up to 75% of total premiums paid.
Exclusions and restrictions - Please refer to the Critical Illness Insurance policy for full details.

Age limit upon purchase - Available to persons 18 to 55 years old (inclusive).
Type of contract - Term 10 or 20 years depending on the option chosen by the person insured.
Renewal - Guaranteed to age 65.
Premiums - This policy has premiums that change every 10 or 20 years, depending on the option selected by the policyholder. The premium is not guaranteed, and the Insurer may revise the premium at any time, based on the morbidity experience for insureds who have contracts with similar characteristics. Retroactive Benefit If the Person Insured receives Total Disability benefits for six (6) consecutive months, the Insurer will pay a lump sum benefit equal to the Total Disability benefits that would have been paid during the Waiting Period as though the Waiting Period did not apply.
Covered Disabilities - Any total disability resulting from an accident or sickness.
Waiver of Premium - 3 months.
Coordination - 100 %.
Integration - $1,200 non-integrated.
Beneficiary - Person insured.
Pre-existing condition - A pre-existing condition of 12 or 24 months apply (varies according to the
policy purchased by the Person insured).
Refund of Premium Rider (optional) - After 20 years without claim, receive a premium refund of up to 75% of total
premiums paid.
Exclusions and restrictions - Please refer to the Disability Insurance policy for full
details.

Child Protection Benefit (Rider to Term Life)
The Children Protection Benefit provides $10,000 or $20,000 of coverage for ALL current and future children (other than foster children) of the insured parent who are under age 21 (or 25 if full-time student). The premium for the rider is $60 per year or $120 per year depending on the benefit amount chosen. There is no underwriting required, but there is a 24-month pre-existing exclusion. The maximum combined benefit (from all @pprove Child Protection Benefits) for each child is $20,000.  

Conversion Option
The Child Protection Benefit provides a conversion option up to 5 times the rider amount after 2 years in force.  When the insured parent’s base policy is converted, within the time frames stated in the Rider Conversion Option, then a similar rider may be included, at the owner’s request (subject to the rules in effect at the time of application for the converted insurance).

Mortgage Life
Mortgage insurance is another option for commercial mortgages up to 1 million so long as the mortgage is in a person’s name and not the business.  Products available:

Life | Disability | Job Loss | Critical Illness | Accidental Death

Buy/Sell Insurance
Buy/sell agreements provide for the transfer of the ownership of the business in different circumstances ­ death, disability, retirement or disagreement. At death or disability, for example, the remaining owners may not want to be in business with the deceased owner's heirs or the non-active disabled owner. As well, the heirs or disabled owner may prefer to receive the value of the deceased owner's share of the business in cash. If an owner retires, an agreement paves the way for business as usual. If owners have a falling out, a buy/sell agreement will enable the business to continue or be "wound up" in an orderly fashion.

Key Person Insurance
Key person life insurance provides a relatively inexpensive means of covering costs of replacing a deceased executive, but it also provides re-assurance to the company’s creditors by ensuring that the death does not threaten the company’s survival. Moreover, because premiums are paid in after-tax dollars the benefits are tax free.