Adult critical illness insurance maximum increased to $4 million

To help you stay competitive and better support your high-net-worth and business clients, we’ve increased the maximum LifeAdvance^TM adult critical illness insurance base coverage amount to $4 million (up from $3 million).

It also means clients with existing critical illness insurance of $3 million can now purchase additional coverage (up to a total maximum of $4 million).

Financial verification is required for new applications when the base coverage amount exceeds $3 million. Submit one of the following:

• Signed Financial supplement for insurance (form 17-8951) 
• Financial documentation verifying net income (such as a tax return for an employee or sole proprietor, or corporate financial statements for an incorporated business owner)

See the critical illness insurance LifeAdvance advisor guide for more details.