Across
- 3. PROVISIONS Life Insurance contracts issued in the common law provinces and territories are governed by the terms and conditions of Uniform Life Insurance Act
- 4. BENEFITS Allows the insured to collect up to 50% of their death benefit while still alive, when diagnosed with a terminal illness with only 12 months to live
- 5. This provision offers the option to reinstate the policy should it lapse due to non payment
- 8. OF PREMIUM Premiums are waived after 3 months of being totally disabled. These premiums will continued to be waived until the insured is no longer considered to be disabled
- 10. Policy remains inforce until the death of the insured, level premiums, earns cash value which increases over the years
- 11. Allows the policy owner to change the term policy to permanent insurance. No medical evidence required
Down
- 1. TO RESCIND The owner has 10 calendar days after the certificate is delivered to either keep the policy or to return it
- 2. Optional protection which can be added to an existing policy for an additional charge
- 3. The coverage can be taken with the insured to another province or country
- 6. Inexpensive at a young age, premiums are level for a specified period and automatically renews to a higher premium based on insured's age. No medical evidence required
- 7. A policy that can be assigned to a bank or an individual as security for a loan
- 9. CLAUSE No benefit will be payable if the insured commits suicide within a specified time period from the policy issue date