Don't Want to Undergo Medical Examinations? Try Canada Protection Plan (CPP)
- Oct 26, 2017
- 2 min read
"Simply Peace of Mind" Who would not have a peace of mind after knowing that there is an insurance company that makes getting life insurance a little less stressful?
Canada Protection Plan (CPP) is the economical solution and go-to insurance company for advisors, who have been struggling to get their clients covered without the extensive medical examinations. Because to be honest, as much as it is stressful for the clients, it is also quite a cliffhanger for their advisors, who are required to provide their clients the needed insurance coverage without breaking the bank.
By simply answering "yes or no" to a list of eligibility questions, both advisor and his/her client would quickly know whether he/she is approved for the desired amount or not, as well as the amount of premiums to be paid. If the client wants to have a better rate and a higher than $500,000 of coverage, he/she can opt for the medical examination.
Simply put, CPP offers the following advantages for both advisors and clients:
No medical examination required for up to $500,000 of coverage
$0 first month premium = equivalent to 11 months of premium payments in the first year*
Payment via credit card is an option for annual premium payments
Easy to qualify questions, "don't ask, don't tell!"
Cash-value-building permanent or renewable and convertible term plans are available
Choice of quick-pay for 20 years or till age 100/death**
Optional addition of riders: Accidental Death, Child Term, and Hospital Cash
Clients who are 18-80 years old can apply
*applicable for monthly premium payments only
**quick-pay of 20 years is only available to permanent insurance plans: Deferred Elite Life, Simplified Elite Life, Preferred Life, and Preferred Elite Life
Watch their catchy advertisement below or visit their website and contact Eisa Cala if you want to know more about Canada Protection Plan
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