Wawanesa offers low-rate Term Life Plans that are customized to your needs, protecting more than just your mortgage balance. Unlike mortgage insurance plans from your lender, Wawanesa's term plans are more affordable and allow you to choose your beneficiary so they can use the benefit however they wish.
A term life insurance that consists of 10, 15, 20, 25 or 30 year periods all of which can be renewed and converted up to age 80;
The plan's premiums are all guaranteed and remain level until the coverage ends at age 80;
Can be customized to allow up to four Term Riders and four Second Term Riders of various term lengths within a single plan. An example of an available rider is the Children's Term Rider offered in amounts of $2,000 to $20,000;
Provides a tax-free lump sum to the owner of the plan following diagnosis of a covered illness, provided you survive the waiting period following the illness;
This plan has a 10-year renewable term to age 75 or the option for premiums to level to age 75;
Covers critical illnesses such as: Cancer, Heart Attack and Stroke;
Wawanesa insurance products are not available in the province of Quebec