Why choose permanent life insurance?

With permanent life insurance from UV Insurance, you’ll have the peace of mind of knowing your family is covered. You’ll not only benefit from fixed premiums but also a surrender value in the event your future plans exceed your past needs.

• Secure your loved ones’ future
• Plan for your retirement
• Leave money to your heirs
• Take the time needed to find a buyer after the death of a business partner

Why choose term life insurance?

Our insurance needs evolve over time. Whether you’re a student, a new parent or a homeowner, our Superior+ line of insurance can offer you full coverage for 10, 20 or 30 years. In the event of your death, term life insurance will:

• Cover your funeral expenses
• Cover your income taxes and debts
• Help maintain your beneficiaries’ standard of living
• Leave money to your heirs

Why not combine both? Talk to your advisor today.

Coverage for life!

This fixed and guaranteed premium life insurance is payable for a period of 20 years and allows you to be insured for life, regardless of changes in your health.

Whole Life High Values is also available in a simplified issue with no medical exam for amounts from $10,000 to $150,000. No blood test or doctor’s visit required.

Tax-free coverage from $10,000 to $2,000,000.

Exceptional cash values

As of the 10th year of the contract, you have access to the cash values unique to this product (50% at age 65 or after 20-pay for ages 46 and over)).

Protect yourself for life and make a life plan!

Profession: Engineer | Amount of insurance: $1,000,000 With this product, his need for life insurance is fulfilled. In 20 years, he will have different options before him: Complete surrender At age 65, he will have a cash value maximized at 50%, or $500,000 in value. Borrowing with UV Partial surrender	Occupation: Teacher | Amount of insurance: $500,000 With this product, his need for life insurance is fulfilled. In 30 years, (or sooner!) he will have different options before him: Complete surrender At age 65, he will have a cash value maximized at 50%, or $250,000 in value. Borrowing with UV Partial surrender	Her parents bought this insurance to protect her Amount of insurance: $50,001 They will protect her insurability immediately with several other options! In 20 years, they transfer the policy to Allyson. She won’t have to pay any more premiums and can continue to be insured for her entire life. She could also choose one of these options: Complete surrender At age 65, she will have a maximized cash value of 50%, with a value of $25,000. Borrowing with UV Partial surrender

A quick and easy application process

You’ll get fast approval without a medical exam (for insurance amounts of $150,000 or less).

Summary

Consult Whole Life High Values (PDF)

Permanent life insurance with significant surrender values at guaranteed premiums payable for a limited time.

Adaptable is now offered with simplified issue with no medical exams for amounts up to $150,000. No blood samples or doctor’s visit required.

Coverage from $10,000 to $2,000,000.

Maximum flexibility:

• 8 options for premium payment period (minimum 20 years)
• 20 payment options available from birth
• Option to add paid-up insurance at issue or at the 3rd, 5th or 7th policy anniversary

Surrender values:

• Among the highest in the industry
• Available from the 10th policy anniversary
• Partial or total surrender available
• Option of borrowing against surrender value

Additional paid-up insurance based on needs:

• • Option to purchase paid-up insurance (Chapter B) at issue or at the 3rd, 5th or 7th policy anniversary
  • Available without proof of insurability
  • Allows the insured to adapt their finances to their situation, up to 7 years after purchasing the insurance policy

Consult Adaptable

When things happen that make it difficult to meet your financial obligations, this flexible permanent life insurance product offers several advantages; such as interrupting premium payments at any time without losing any money.

Whole Life Pay to 100 is offered in simplified issue without any medical exams for amounts up to $150,000. No blood test or visit to the doctor is required.

Coverage from $10,000 to $2,000,000.

• Premiums guaranteed and payable to age 100.
• Get access to cash values on the 5th Contract Anniversary to increase your retirement income.

Consult Whole Life Pay to 100

Term life insurance is now offered in simplified issue Immediate Underwriting without any medical exams for amounts from $150,001 up to $500,000*. No blood test or visit to the doctor is required.

From $10,000* to $500,000*

*The maximum eligible amount varies according to the age of the insured. Please refer to the underwriting requirements table.

An affordable way to make sure your loved ones are covered in the event of your death

Affordable and exchangeable, Superior+ term life insurance adapts to your changing situation and needs.

• Fixed annual or monthly premium
• Term 10 and 20 exchangeable*, fully or partially, without evidence of insurability, for a new term life offered at the time by UV Insurance with an initial premium payment period greater than the original plan.
• Renewable every 10 years until death at a guaranteed premium, without evidence of insurability
• Convertible into permanent insurance until 70 years old, without evidence of insurability
• Benefit in the event of severe loss of autonomy** included free of charge
• Possibility of adding preapproved critical illness insurance and/or supplementary benefits

* The exchange privilege may be exercised once only, at a policy anniversary, until the 5th anniversary.

**Before age 60, 50% of the initial insurance amount could be paid to you if you are unable to perform 4 of the 6 activities of daily living.

Consult Term Life Insurance Superior+

With UV Insurance’s critical illness insurance, you get great flexibility. Contrary to most insurance products, with Chapter B, you can be refunded for all your premiums, either partially starting on the 10th policy anniversary, or fully once your premium payments are completed. In the event you die without using the critical illness insurance, with Chapter A, 100% of the premiums are payable to your beneficiary.

The risk of a critical illness is very real for you and your relatives, and it’s something we can’t control it.
But having your finances in order and being able to focus on your recovery is!

Lighten the financial load of a critical or non-critical illness with the flexibility of critical illness insurance.

AdapCI is based on the principle of sections A (basic) and B (optional) for maximum flexibility:

• • Tax-free coverage ranging from $10,000 to $2,000,000
  • Limited payments (minimum 20 years)
  • Option to change the paid-up insurance (Section B) at the 3rd, 5th or 7th policy anniversary without a medical exam
  • Coverage for 24 critical illnesses or conditions
  • Coverage for 4 non-critical illnesses whose diagnosis qualifies you for a payment of 10% of the insurance amount, to a maximum of $50,000
  • Return of premiums available (after 10 years)
  • Medical, psychological, legal and housing assistance services from Teladoc.
  • One-of-a-kind coverage in Canada called “Prolonged Disability”
    • In the event of a diagnosis of prolonged disability caused by a covered illness or condition before age 65, the insured will receive a monthly payment of 1% of the insurance amount, to a maximum of $1,500. The benefit is payable starting 24 months after the diagnosis of the covered illness or condition, for a maximum for 2 years.
• 

More coverage for children under 16 years old
Children under 16 years old are automatically covered for the 24 critical illnesses and the 4 non-critical illnesses, and for the 7 additional illnesses or conditions.

List of covered illnesses and conditions

Covered non-critical illnesses***

** Specific to AdapCI – Juvenile Plan (under 16 years old)

*** In case of diagnosis of one of the following illnesses, the insured will receive an additional payment of 10% of the insurance amount, to a maximum of $50,000.

More coverage for children under 16 years old

Children under 16 years old are automatically covered for the 24 critical illnesses and the 4 non-critical illnesses, and for the 7 additional illnesses or conditions.

• Congenital heart disease
• Cerebral palsy
• Cystic fibrosis
• Autism spectrum disorder
• Rett syndrome
• Type 1 diabetes mellitus
• Muscular dystrophy

Early learning is now offered to children from 0 to 36 months

Insurance coverage begins on the later of the following: the child’s 15th day of life or the date on which the company receives the detachable application. The free 12-month period begins on the date the company receives the detachable application.

Life and Accident Insurance (0-36 months) 

• For more information and the interactive application

For a small cost, the Juvenile 30/100 plan lets you add a guaranteed insurability rider for your children aged 0 to 15, while also providing financial protection in the event of a critical illness or death.

For a fixed, guaranteed premium, you can insure your children or grandchildren from 0 to 15 years of age for a life insurance amount up to $100,000. This plan also includes critical illness coverage equal to 10% of the life insurance amount, up to $10,000. At age 30, the protection is converted to permanent insurance at a premium guaranteed in the contract.

Life insurance

• The life insurance amount and the premium automatically increase by 10% per year for the first 10 years.
• Term to 30 insurance converted at expiry into Term to 100 insurance at a competitive rate guaranteed in the contract.

Critical illness insurance

• 9 covered critical illnesses:

• • Stroke, cancer, heart attack, coronary artery bypass surgery
  • Childhood diseases: cerebral palsy, congenital heart disease, cystic fibrosis, muscular dystrophy, type 1 diabetes mellitus
• Insurance amount equal to 10% of the initial life insurance amount

Accidental fracture

Offered as a supplementary benefit for as little as $4/month

• Consult Juvenile 30/100

By combining your life insurance with our Credit Insurance Rider, you’ll no longer need to worry about your financial obligations in the event of your total disability or death. You’ll be able to focus your energy on what really matters: getting better.

Credit Insurance Rider is also offered in Simplified Issue – Immediate Underwriting, for the 2 and 5-year options, on all term life insurance products

Eligibility – Personal loano be eligible for the Credit Insurance Rider, the insured must be covered by one of our life insurance product and:

• Have earned an average annual gross income in the last two years equal to or greater than $11,000;
• Be actively employed at the date of application;
• Have worked a minimum of 20 hours/week for 9 months or more in the last 12 months;
• Pregnancy and parental leave – Pregnant women or women on maternity leave are eligible with certain conditions.
  Clients on parental leave are eligible;
• Have had his or her occupation or the same kind of occupation for at least 1 year, except for a person who is newly
  graduated from college or university and engaged in an occupation associated with his or her field of study;
• Be the borrower or co-borrower of eligible loans.

Eligibility – Commercial loans

• To be eligible for the Credit Insurance Rider, the insured must be covered by one of our life insurance product and:
• Must own at least twenty-five percent (25%) of the shares;
• Must be actively employed by this business; and
• The business must have a maximum of eight (8) employees.

Characteristics

Waiting period:

• 2 and 5 years:
  • 90 days retroactive to 31st day
  • 30 days when total disability results directly from an accident, hospitalization or day surgery
• To age 65
  • 90 days

Coverage details:

• Payment of a monthly benefit in the event of total disability
• Cannot exceed 1.5% of the life insurance amount, minimum $300/month, maximum $3,500/month
• Coverage options: 2 years, 5 years, or up to age 65

Termination of coverage:

• At the contract anniversary closest to the 65th birthday

Consult Credit Insurance Rider (practical Guide)

The financial stress that accompanies a disability can be enormous. This supplementary benefit relieves you of your obligation to pay premiums so you can focus on your recovery.

Who is eligible:

• Insureds
• Owner
• Payer

Eligibility: 

• 18 to 55 years

Waiting period:

• 6 months (retroactive to the first day of disability)

Coverage details:

• Waiver of premiums in the event of total disability, should the disability last at least 6 months

Termination of coverage:

• At the contract anniversary closest to the 60th birthday

The financial stress that accompanies a disability can be enormous. This supplementary benefit relieves you of your obligation to pay premiums so you can focus on your recovery. In the event of your death, your contract will remain valid until the expiry date, with no associated payment obligations.

Who is eligible:

• Owner
• Payer

Eligibility:

• 18 to 55 years

Waiting period:

• 6 months (retroactive to the first day of disability)

Coverage details:

• Waiver of premiums in the event of total disability, should the disability last at least 6 months
• Waiver of premiums until the end of the contract, in the event of death

Termination of coverage:

• At the contract anniversary closest to the 60th birthday

3 covered illnesses, namely stroke, heart attack and cancer, with no additional medical exam! It’s possible thanks to this supplementary benefit.

Who is eligible:

• Insured

Eligibility:

• 0 to 65 years

Coverage details:

• $1,000 monthly benefit payable for a maximum of 24 months following the diagnosis of one of the three covered illnesses: stroke, heart attack, or cancer
• No additional underwriting if the policy is approved with no rating
• or exclusion

Termination of coverage:

• At the contract anniversary closest to the 70th birthday

Add an additional amount to your life insurance in case the unthinkable happens.

Who is eligible:

• Insured

Eligibility:

• 0 to 55 years

Coverage details:

• Payment of an additional insurance amount in the event of accidental death or dismemberment of one or several limbs

Premium:

• $1.25 per $1,000 of life insurance amount for people aged 0 to 45 at the issue date. After age 45, the premium increases $0.05 per $1,000 per insurance year until age 55.

Termination of coverage:

• At the contract anniversary closest to the 65th birthday

Complete your family insurance plan and help your children build their own insurance plan once they become adults.

Who is eligible:

• Insured

Eligibility:

• 14 days to 17 years

Coverage details:

• $20,000 term life insurance to help children build their own plan once they become adults
• No limit to the number of children who can be insured
• Convertible at age 25 to a maximum of $100,000

Premium:

• $50/year per child for the first 2 children. Free for additional children.

Termination of coverage:

• At the contract anniversary closest to the 25th birthday

Who is eligible:

• Insured

Eligibility:

• 0 to 60 years

Coverage details:

• Percentage of the life insurance amount paid in the event of fracture or total severing of a bone due to an accident

Premium:

• $44/year

Termination of coverage:

• At the contract anniversary closest to the 70th birthday

In the event of loss of employment or parental leave, a decrease in income can quickly prevent you from meeting your financial obligations. This supplementary benefit relieves you of your obligation to pay premiums for a set period.

Who is eligible:

• Insured
• Owner
• Payer

Eligibility:

• 18 to 50 years

Waiting period:

• 30 days

Coverage details:

• Waiver of premiums for a maximum of 12 months per 5-year period in the event of loss of employment or maternity, paternity, or parental leave

Premium:

• 5% of the premium

Termination of coverage:

• At the contract anniversary closest to the 60th birthday

UV Insurance is proud to act as the insurer for the following 2 products:

• Mydignity
• Paramed+

For more information on these products, please visit our distribution partners’ websites above.