gives financial security to the people you love

Valuable added benefits

Complimentary first month's coverage

Optional Child Life coverage

No medical examination to apply

Available exclusively to Sears Cardholders, the Term Life Insurance Plan, underwritten by The Manufacturers Life Insurance Company (Manulife Financial), can help protect your family with $50,000, $100,000 or $150,000 in coverage at rates you can afford.

This money could help pay off your mortgage, help with ongoing living expenses, as well as pay for your children’s education if the unexpected were to happen to you. Your spouse can also apply for coverage under this Plan, to ensure that your family is protected both ways.

Additional benefits (at no additional cost) include:

Living Benefit: Get an interest-free cash advance of up to 50% of your own Term Life coverage (to a maximum of $50,000), tax-free, to spend as you wish, if you are diagnosed as terminally ill with less than one year to live. The balance of your Term Life coverage will be paid to your beneficiary at death. You can apply to receive the Living Benefit after you have been insured for at least two years.

Severe Trauma Benefit: Get an additional amount equal to 25% of your life insurance coverage if you are involved in an accident that causes a loss of limb, brain damage or paralysis. This money is not deducted from your life insurance. It is an extra benefit, paid in the event of the following injuries: brain damage, quadriplegia, paraplegia, hemiplegia, total loss of speech or hearing, loss of one hand, foot, leg, arm or sight of one eye, or loss of a thumb and index finger on the same hand.

Note: The Term Life Plan covers death by any cause except suicide in the two years following approval of the application. The Severe Trauma Benefit covers all injuries except those resulting directly or indirectly from: suicide or self-inflicted injury whether sane or insane; any act of war, riot or terrorism; travelling in an aircraft, except as a passenger on a commercial flight; or while committing, attempting or provoking a criminal offence.