AccessLife



Product Summary

Access Life – Simplified Issue

For each proposed insured, the total face amount of all coverage cannot exceed $300,000.

The face amount for Access Life coverage is determined based on age and the answers given to the questions for each step and cannot exceed the amount for which the proposed insured qualifies.

Product Summary

Features Permanent Insurance Term Insurance
Age at Issue L100 6 months to 80 years T15 20 to 65 years
T20 20 to 60 years
T25 20 to 55 years
Insured amount (1) Deferred
Deferred Plus
Immediate
Immediate Plus
up to $50,000 (2)
up to $200,000 (2)
up to $200,000
up to $300,000
N/A
up to $200,000 (2)
up to $200,000
up to $300,000
Features Cash Surrender Value
Reduced paid-up insurance
Renewable
Convertible
yes, 5th year
yes, 5th year
N/A
N/A
N/A
N/A
yes, up to age 70
no
Rider AD&D up to life insured amount up to life insured amount
Lifeline concept Cancer Insurance
Disability Insurance
up to $25,000
up to $1,000/month
up to $25,000
up to $1000/month


Note: There is a minimal annual premium of $150. Life insurance policy fee is limited to $60, even if multiple coverage is chosen.

  1. The maximum insured amount for children aged 6 months to 17 years is $25,000; and the maximum for individuals aged 71 to 80 is $50,000 for Deferred Plus, Immediate and Immediate Plus. In addition, the amount of insurance protection for Access Life is determined according to the primary insured's age and their answers to the questions and may not exceed the amount for which they qualify. In the event that the primary insured has several Access Life simplified issue life insurance coverage with iA Financial Group and iA Excellence, the insurance amounts are combined. The total amount of all protections cannot exceed the amount of insurance for which the primary insured qualified for at the effective date of their most recent Access Life contract.

  2. During the first two years, if death is caused by an illness, premiums are returned with an annual interest of 3%.

Quick Reference Guide

(Refer to insurability questionnaire for client full eligibility)

Medical conditions Deferred Deferred Plus Immediate Immediate Plus
Amputation following an illness
High cholesterol
Cirrhosis of the liver
Heart attack (Myocardial Infarction) / angina / cardiac bypass / angioplasty

Eligible if over 3 years, based on conditions in question 3a

Eligible if over 3 years, based on conditions in question 3a

Eligible if over 5 years, based on conditions in question 1a
Depression

Eligible based on conditions in question 4a

Eligible based on conditions in question 4a

Eligible based on conditions in question 4a
Diabetes (adult)

Eligible if no change in medication for 1 year

Eligible if no change in medication for 1 year

Eligible if no change in medication for 1 year
In remission from cancer
If > 3 years

Eligible if in remission for over 3 years

Eligible if in remission for over 3 years

Eligible if in remission for over 5 years
Epilepsy



Organ transplant

Eligible if over 5 years or not awaiting

Eligible if over 5 years or not awaiting

Eligible if over 5 years or not awaiting
Hepatitis C or any chronic hepatitis



Kidney failure



High blood pressure

Eligible if no change in medication for 1 year

Eligible if no change in medication for 1 year

Eligible if no change in medication for 1 year
Medical conditions for children
ADD/ADHD



Serious asthma



Congenital kidney malformation



Diabetes Type 1



Non-medical conditions Deferred Deferred Plus Immediate Immediate Plus
Treatment for alcohol abuse



Eligible if 5 years after treatment or active member in support group
Poor driving record



Denied if license suspended in last 12 months or currently suspended
Denial in past 2 years



Dangerous sports



Use of hard drugs

Eligible if usage has stopped for over 5 years

Eligible if usage has stopped for over 5 years

Eligible if usage has stopped for over 5 years
Travel to dangerous countries



Risk to be evaluated based on conditions in question 5a
Immigrants



  Eligible
  Denied

Medical conditions denied for all Access Life steps:
Cystic Fibrosis, Alzheimer’s, AIDS or HIV, Muscular or Myotonic Dystrophy / Ataxia, Huntington’s Chorea, Parkinson’s, Amyotrophic Lateral Sclerosis (ALS or Lou Gehrig’s disease) or in a centre or home for individuals with loss of autonomy.

Refer to the product guide for more details on medical conditions that are accepted and/or denied.

Our Offices

Mississauga, L5M 2G6 (Dowling Plaza)

  • 905-624-0008
  • 905-624-6660
  • zahid@oroojfinancial.com
  • Unit #13 - 2275 Britannia Rd W.,
    Mississauga, L5M 2G6 (Dowling Plaza)
    East of Erin Mills Pkwy on Britannia Rd.

Toronto (Victoria Park and McNicoll)

  • 905-624-0008
  • 905-624-6660
  • zahid@oroojfinancial.com
  • 1049 McNicoll Avenue,
    Scarborough, ON M1W 3W6



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