SSQ Insurance, which has merged with La Capitale Life Insurance, is one of Canada’s newest insurance companies, having started in 1944. It is also one of the largest, with over three million policyholders.
The Term Plus product insures you for up to $10,000,000 for terms of 10, 15, 20, 25, 30, 35 or 40 years, and you can easily exchange your policy for a higher term without having to provide proof of insurability. You can also convert it to permanent life insurance, up to age 70.
Three permanent life insurance options are available: traditional, simplified (receive your policy in as little as 60 minutes with no medical exam) and universal. A new simplified issue (up to $500,000) and guarantee issue (up to $50,000) were launched in the summer of 2020.
SSQ Insurance is the best in giving you a variety of term period offerings with high flexibility.