Canada Protection Plan Announces Substantial Coverage Increases On Specified Life Insurance Plans

Business Wire

Coverage increases accompanied by competitive rates for wide variety of clients

TORONTO--(BUSINESS WIRE)-- Canada Protection Plan Inc. (the “Company”), a leader in No Medical and Simplified life insurance, is pleased to announce an increase in coverage amounts on two of its life insurance plans: Express Elite Term Life and Guaranteed Acceptance Life.

Coverage under the Express Elite Term Life plan, the company’s newest product, will increase to $750,000 from $500,000, with no medical required for clients 18 to 50 years of age. Express Elite is a no-medical, Term Life Insurance product for Canadians and non-residents with a work or study permit who are in very good health and between 18 and 60 years of age. Clients can apply over the phone or through an advisor, including an advisor-provided online platform. The application can be approved within days, with clients receiving coverage promptly.

Coverage under the Guaranteed Acceptance Life Insurance plan will double to $50,000 from $25,000 for clients aged 18 to 75. Guaranteed Acceptance is a “guaranteed issue” plan for those with challenging health conditions. Clients will not be declined for coverage under this plan, regardless of their health conditions.

“Our team is committed to offering quality products that are continuously evolving to meet our clients’ ever-changing needs,” said Michael Aziz, co-president, Canada Protection Plan. “The increase in coverage on our Express Elite and Guaranteed Acceptance plans offer expanded financial solutions for clients in various life stages and health conditions.”

Express Elite and Guaranteed Acceptance are both available through more than 25,000 licensed advisors across the country, or through Canada Protection Plan (www.cpp.ca) at 1-877-447-6060.

About Canada Protection Plan
Canada Protection Plan, one of Canada’s leading providers of No Medical and Simplified Issue life insurance, is a Canadian owned and operated corporation that designs, markets and sells life insurance and related products with simplified underwriting processes that require no medical exams on many of their plans. The company is dedicated to providing life insurance protection against unexpected events at a competitive price by offering numerous product choices and purchase options, making insurance coverage easily obtainable.