Peace of mind is a great feeling.
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The ServicePlus Lifestyle Protection Plan – group life insurance Buying insurance is a financial investment like any other. You do your homework, shop around, consider the risks carefully and anticipate the best return on your investment. You do all this because you want to see value for your money. But unlike other investments, insurance is not about profit—it’s about protection. With life insurance, the best return would in fact result if an unexpected tragedy led to an early death for you or your spouse. Of course you hope that won’t happen, but you can’t take chances with your family’s long-term financial security. So you decide to invest in an insurance policy for peace of mind. What does value look like, then? Value means your family is fully protected— able to cover all its future financial obligations in the event of a sudden tragedy—while putting more money in your pocket now. Value in life insurance means great coverage at low rates. Let’s face it: none of us lives forever. NOW is the time to protect all your hard work. Group life insurance through the ServicePlus Lifestyle Protection Plan delivers real value. Dare to compare—turn the page.
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Group life insurance vs. mortgage insurance: A cost/benefit breakdown If you’re a homeowner, your mortgage is likely the largest part of your debt load by far. Covering your mortgage obligation through insurance is essential to protecting your family’s future well-being. When you first buy your home or renew your mortgage, your bank will approach you to buy their mortgage insurance. But are you getting the best value for your money by insuring yourself that way? What if we told you that you could save hundreds of dollars per year for the same level of insurance coverage, with the added bonus of more benefits and more flexibility? Well, we can. Group life insurance offers you all this and more— at significantly lower rates. Review the premiums you’ll pay for mortgage insurance provided by three of Canada’s leading banks. Then check out your rates offered by the ServicePlus Lifestyle Protection Plan – group life insurance.
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Monthly premium rate per $50,000 unit of coverage RBC HomeProtector® life insurance rates
Scotiabank Loss of Life Protection® rates
TD Canada Trust Mortgage Life Insurance® rates
ServicePlus Lifestyle Protection Plan – group life insurance. Monthly premium per $50,000 of coverage
Monthly Age Premium†*
Monthly Age Premium
Monthly Age Premium
Monthly Age Premium
18-30 31-36 37-41 42-45 46-50 51-55 56-60 61-65 66-69
18-30 31-36 37-41 42-45 46-50 51-55 56-60 61-65
18-30 31-36 37-41 42-45 46-50 51-55 56-60 61-65 66-69
To age 29
$ 4.50 $ 6.50 $ 10.00 $ 14.50 $ 20.00 $ 26.00 $ 35.00 $ 47.50 $ 81.50
† Provincial sales tax will be added to your premium where applicable. * Age Band Rates 66-69 apply to refinancing clients only – new clients are not eligible.
$ 4.50 $ 6.50 $ 10.00 $ 14.50 $ 20.00 $ 25.00 $ 30.00 $ 48.50
$ 4.50 $ 6.50 $ 10.00 $ 14.50 $ 20.00 $ 25.00 $ 35.00 $ 49.00 $ 82.00
* Prices are quoted June 2011.
30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69
$ 1.66 $ 1.84 $ 2.14 $ 2.76 $ 4.58 $ 7.66 $ 12.50 $ 17.34 $ 26.26
Your rates will increase to the next age band on the April 1 following your attainment of a higher age range. *M aximum life insurance coverage from age 65 to 69 is $150,000. Policy terminates at age 70.
The numbers speak for themselves. But wait, there’s more—turn the page.
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The benefits The ServicePlus Lifestyle Protection Plan offers you advantages and flexibility that mortgage insurance just can’t match. COVERAGE AMOUNT: You and your spouse can each obtain up to $500,000 of life insurance protection, to a maximum age of 70*. COVERAGE PROTECTION: Your coverage does not decrease with every mortgage payment like it does with the banks. ACCIDENTAL DEATH & DISABILITY (AD&D): Each policy automatically receives AD&D coverage equal to the life insurance—up to $500,000 at no extra cost. That means your beneficiary could receive up to $1 million if you die in an accident. Life Insurance $500,000 +
AD&D (no extra cost)
Total benefit if you die in an accident
$500,000 =
$1 million
PRICING ADVANTAGE: Rates drop even further for women and those with healthier lifestyles such as non-smokers. FREEDOM: Your coverage stays intact and consistent no matter where or how often you move—it’s not tied to your home or your mortgage. FLEXIBILITY: You can increase or decrease coverage amounts based on your or your family’s changing lifestyle needs. BENEFICIARY: Insurance proceeds go directly to the beneficiary you name (not the bank), tax-free—it’s your decision. CONVERSION: You can convert to an individual plan once you reach the maximum age of 70. Whether it’s insurance to cover your mortgage, income replacement for your survivors, estate planning, university education, or funeral expenses, life insurance offers the versatility to cover all of your family’s financial needs. * Maximum coverage available from age 65 to 70 is $150,000.
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Be a savvy investor—because we’ve all got to go sometime. Apply for the ServicePlus Lifestyle Protection Plan – group life insurance coverage today. Complete the application form and return it to our plan administrators, Coughlin & Associates Ltd. For more information on the ServicePlus Lifestyle Protection Plan – group life insurance product, visit www.pipsc.ca and click on the ServicePlus icon. You can also contact Coughlin & Associates Ltd. at pipsc@coughlin.ca or 613-236-4061 (toll-free 1-888-694-9903).
About the ServicePlus Lifestyle Protection Plan Life insurance coverage underwritten by the Great-West Life Assurance Company The Great-West Life Assurance Company, one of Canada’s largest insurers, underwrites the life insurance portion of for the ServicePlus Lifestyle Protection Plan – group life insurance coverage since the 1960s.
Accidental death & dismemberment coverage underwritten by ACE INA Insurance ACE INA Insurance, one of the world’s leading financial services organizations, underwrites your accidental death & dismemberment protection.
Plan administration and protection of personal information
Since 2001, the administrators of the ServicePlus Lifestyle Protection Plan – group life insurance are Coughlin & Associates Ltd. Coughlin & Associates Ltd. design and administer dental, medical, disability, pension, group life insurance and other benefits across the country. When personal information is provided to us, we establish a confidential file that is kept in the offices of Coughlin, or the offices of an organization authorized by Coughlin. We use the information to administer the group benefits plan. We limit access to information in your file to Coughlin staff or persons authorized by Coughlin who require it to perform their duties, to persons to whom you have granted access, and to persons authorized by law.
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