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For a limited time, clients who apply for critical illness insurance together with life or disability insurance on the same application can get three months of premium waived on their critical illness insurance policy. And if they apply for an eligible adult LifeAdvance™ policy, they’ll also get a 5%  reduction on their premium payments for the life of the policy – providing even more value.

Clients can get the coverage that fits their insurance needs without extra steps. It’s designed to support more complete protection when it makes sense – and rewards thoughtful planning.

This is only available for applications received between Sept. 22 - Dec. 31, 2025.

Why critical illness insurance matters

Critical illness insurance provides a lump-sum payment in the event of a serious health event covered by the policy that can help cover expenses like lost income, medical treatments or time off work, so clients can focus on recovery – not bills.

This offer gives clients another reason to act now on something that’s often overlooked – helping to protect their savings if they’re diagnosed with a serious illness.

For clients to qualify for the critical illness insurance premium offer:

  • Clients must apply for both products on the same application.
  • The application must be for two or more products for the same insured person. It must include at least one of each of the following products:
    • Critical illness insurance 
    • Any life or disability insurance 
      • If the only policy being applied for in addition to critical illness insurance is Canada Life My Term™, the minimum base amount of life insurance coverage must be $250,000.
  • Both qualifying policies must remain in force for at least 12 months.

When clients qualify for the offer, premium payments on the critical illness insurance policy will be waived for three months at the first anniversary of the policy.

  • Annual billing: Clients will have their second annual premium reduced. Their billing notice will reflect a 25% discount – equivalent to three months of waived premium payments.
  • Monthly pre-authorized debit plan (PAD) billing: We won’t withdraw premium payments from their account for the first three months after the first policy anniversary.

The current 5% critical illness insurance premium reduction will still apply to eligible adult LifeAdvance™ critical illness insurance policies.

If: Then:

An application received through Web app or SimpleProtect™ on or between Sept. 22 - Dec. 31, 2025

OR

Application for life, critical illness and disability insurance (form 17-8908) received at head office on or between Sept. 22 - Dec. 31, 2025

The offer applies.
Backdating to save age

Regular backdating rules apply.

When backdating to save age, all products in the application need to be backdated, if possible.

If: Then:
An application received before Sept. 22, 2025, and still pending in underwriting on Sept. 22, 2025

The offer does not apply.

If the client wants the offer to apply, the advisor must submit a new application for all products and request that the application submitted before Sept. 22, 2025, be cancelled as “not proceeded with” (NPW). Funds will be refunded to the policyowner as part of the NPW process.

For policies that have been issued but not placed in force yet:

If: And Then:
A combo application was received on or between Sept. 22 - Dec. 31, 2025
Reissue request is received on or between Sept. 22 - Dec. 31, 2025

The offer applies and the policy can be current dated, original dated or backdated to save age.

Regular backdating rules apply.

When backdating to save age, all policies in the combo application need to be backdated, if available.

A combo application was received on or between Sept. 22 - Dec. 31, 2025 Reissue request is received after Dec. 31, 2025

The offer applies but the policy must maintain the original issue date.

If a current date is requested, the cross-sale offer will no longer apply.

A combo application was received before Sept. 22, 2025 Reissue request is received on or between Sept. 22 - Dec. 31, 2025

The offer does not apply.

If the client wants the offer to apply, the advisor must submit a new combo application, and request that the application submitted before Sept. 22 be cancelled as “not proceeded with” (NPW). Funds will be refunded to the policyowner as part of the NPW process.

If: Then:
One or more policies are in force before Sept. 22, 2025

The offer does not apply.

If the client wants the offer to apply, the advisor must submit a new application and request that the existing policies be replaced.1

Request to re-open an application is received on or after Sept. 22, 2025

AND

policy status is:

  • Postponed
  • Declined
  • NPW
  • Not Taken

The offer does not apply.

If the client wants the offer to apply, the advisor must submit a new combo application, and request that the application submitted before Sept. 22 be cancelled as “not proceeded with” (NPW). Funds will be refunded to the policyowner as part of the NPW process.

Applicable provincial legislative replacement requirements (e.g., LIRD, written explanation, Notice of replacement of Insurance of Persons Contract) as well as the Authorization to transfer funds/replace existing insurance (form 17- 8913) will be required.

This offer is not available on any conversions, renewals or guaranteed issues.

Yes. LifeAdvance™ and Child LifeAdvance™ critical illness insurance products both qualify for the offer.

In addition to the waived premium payments, adult LifeAdvance will continue to have premium payments reduced by 5% for the life of the policy, including renewals.

No, the premium will be illustrated as usual and the waiver will be applied after the policies have been in force for 12 months.

Submit your application using either the Web app, SimpleProtect or Application for life, critical illness and disability insurance (form 17-8908).

Both products must be submitted together on the same application.

Even when using Application for life, critical illness and disability insurance (form 17-8908), you’re still submitting just one application for two or more products – which means one underwriting process, one point of contact and a simpler experience for you and your client.

Here’s an outline of the platforms you can use when submitting various product combinations:   

Products SimpleProtect WebApp Paper app (17-8908)
Term life insurance + critical illness insurance
Participating life insurance + critical illness insurance X
Universal life insurance + critical illness insurance X
Disability insurance + critical illness insurance X
  • Critical illness insurance (adult and juvenile)
  • Disability insurance
  • Term life insurance
  • Universal life insurance
  • Participating life insurance including Canada Life My Par Gift™

If the critical illness insurance policy includes return-of-premium rider (ROP), the rider benefits won’t be reduced by the three months waived premium payments.

No, advisor compensation will not be affected.

At issue a letter will be included with the critical illness insurance policy for delivery letting clients know they’ve qualified for the offer.

Canada Life and design, SimpleProtect, LifeAdvance, Child LifeAdvance and My Par Gift are trademarks of The Canada Life Assurance Company.