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Guaranteed Issue Life Insurance

We are no longer accepting new applications under the ATB Financial Group Insurance Plan. If you are already insured under this plan and require information contact customer service at 1.800.266.5667.

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Guaranteed Acceptance

No medical exam is required to apply and your acceptance is guaranteed.

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Rates will not increase based on your age

Premiums are based on your age at the date your coverage is issued. Rates do not increase as you enter a new age band.

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Money-back guarantee

If, for any reason, you wish to cancel within the first 60 days you will receive a full, unquestioned refund of any premiums paid.

 
 
 

 


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Coverage for you and your spouse

Both you and your spouse can apply for coverage to a maximum of $25,000 each. Together, you could have up to $50,000 of protection for your family.

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5 times your benefit payment for accidental death

5 times the amount of Guaranteed Issue Life Insurance in force if cause of death is an accident.

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No payments after your 100th birthday

Following your 100th birthday, coverage will continue for life at no cost to you.

 

How much does it cost?

We are no longer accepting new applications under this Group Insurance Plan. If you are already insured under this plan and require information, please contact customer service at 1.800.266.5667.

Premiums are based on your age at the date your coverage is issued. Rates do not increase as you enter a new age band. To see how much your premiums will be, please use our pricing chart:

Guaranteed Issue Life Insurance Monthly Premium Rates per $2,500
 MaleFemale
Issue Age*Non-Smoker**SmokerNon-Smoker**Smoker
50 - 51$7.05$9.65$5.70$7.00
52 - 53$7.70$10.65$6.25$7.65
54 - 55$8.45$11.75$6.85$8.40
56 - 57$9.35$13.05$7.55$9.20
58 - 59$10.35$14.50$8.35$10.15
60 - 61$11.45$16.15$9.25$11.20
62 - 63$12.80$17.95$10.25$12.35
64 - 65$14.35$20.05$11.45$13.70
66 - 67$16.15$22.50$12.80$15.20
68 - 69$18.25$25.25$14.40$16.95
70 - 71$20.75$28.35$16.25$19.00
72 - 73$23.70$31.90$18.45$21.30
74 - 75$27.30$36.15$21.05$24.10
76 - 77$31.55$41.05$24.20$27.40
78 - 79$36.75$46.90$28.00$31.35
80 - 81$43.20$54.00$32.70$36.15
82 - 83$51.05$62.50$38.25$41.80
84 - 85$61.35$73.70$45.15$48.75

Rates are subject to provincial sales tax where applicable.

*Issue Age is your age on the date your coverage is issued.
**Non-smoker rates apply to individuals who, at the time of application, have not used any form of tobacco (except an average of one cigar a month), including nicotine products, marijuana mixed with tobacco, hashish mixed with tobacco, smoking cessation products, betel nuts or leaves, supari, paan, gutka or shisha, within the last 12 months and who have provided satisfactory evidence of insurability.

Payment

Premiums are payable monthly by credit card (Visa or MasterCard). The monthly premium will be deducted from your account (as specified by you) on or about the first day of each month.

Special Markets Solutions
iA Financial Group
400 - 988 Broadway W.
PO Box 5900
Vancouver BC, V6B 5H6

Who can apply?

We are no longer accepting new applications under this Group Insurance Plan. If you are already insured under this plan and require information, please contact customer service at 1.800.266.5667.

 

Payment of Benefit

Cause of DeathBenefit payable for death occurring during the first 2 years of coverage:Benefit payable for death occurring after 2 years of coverage:
Accidental5 times the amount of Guaranteed Issue Life Insurance in force.5 times the amount of Guaranteed Issue Life Insurance in force.
Non-AccidentalRefund of premiums paid with 5% interest compounded annually.The amount of Guaranteed Issue Life Insurance in force, less any Living Benefit paid.
SuicideRefund of premiums paid, without interest.The amount of Guaranteed Issue Life Insurance in force, less any Living Benefit paid.
Living Benefit

If you’re diagnosed with a terminal illness that is expected to cause death within 12 months of your doctor's written prognosis, Industrial Alliance Insurance and Financial Services Inc. will pay you an amount equal to 50% of the Guaranteed Issue Life Insurance you have in force, to a maximum of $12,500. Your insurance must have been in force for at least two full years at the time of prognosis.


When does my coverage terminate?

Your coverage terminates on the earliest of the following dates:

  • the end of the month in which your written request to cancel your insurance is received by Industrial Alliance Insurance and Financial Services Inc.;
  • the due date of any unpaid premium.

 


Are there any limitations or exclusions?

If suicide occurs within two years of the effective date of your insurance, benefit will be denied and all premiums will be refunded.

If non-accidental death occurs within two years of the effective date of your insurance, benefit will be denied and all premiums paid will be refunded with 5% interest compounded annually.


Whom can I name as my beneficiary?

You can name any person as your beneficiary. Plus, you can change your beneficiary by written instruction at any time, unless irrevocably appointed. You are the beneficiary of your spouse's coverage unless another beneficiary is named. Please note that in Quebec, if you make your spouse your beneficiary that designation is irrevocable, unless you have specified otherwise.

To change your beneficiary designation, download the request form here.


How do I make a claim?

Before paying any benefit, a claim form needs to be completed and sent to Industrial Alliance Insurance and Financial Services Inc.. Please call Industrial Alliance Insurance and Financial Services Inc. toll-free at 1-800-266-5667 (7:30am to 5:30pm MST) or email claims@ia.ca to obtain appropriate forms and for details on claims and procedures.

Questions? We're here to help.
Call 1 (800) 266-5667 or email solutions@ia.ca