Term Life Insurance
Could your family financially survive without you? CPSA Term Life Insurance has been carefully designed to give your family a financial anchor in case of the unexpected. It offers you a wide variety of valuable benefits, including:
- Exclusive low CPSA rates, with lower rates for non-smokers
- Up to $750,000 each for members and spouses
- Coverage for eligible dependent children
- Living Benefit
- Pay no premiums if you become disabled with Waiver of Premium
You and your spouse can each purchase as much or as little coverage as your family would need, if you are both under age 65 and residents of Canada. Coverage ranges from a minimum of $50,000 up to $750,000, in multiples of $10,000.
If purchasing CPSA Term Life Insurance Plan coverage for yourself, you can extend coverage to your dependent children (unmarried dependent children under age 22, or under age 25 if in school full-time and dependent on you for support) in multiples of $5,000, up to $20,000.
For even greater protection, you can complement your CPSA Term Life coverage with CPSA Accidental Death & Dismemberment Plan coverage, and protect yourself and your family in the event of an accident anywhere around the world, 24 hours a day, 365 days a year!