UV Assurance

Individual Insurance

Discover our life insurance products

Unlike a group insurance plan, with individual life insurance you’re covered for the entire term, and there’s no risk of losing your investment or your insurability in the event you lose your job.

Why life insurance?

Life insurance is a financial tool that lets you meet your financial obligations in the event of your death. Among other things, it will:

  • Cover your funeral expenses
  • Cover your income taxes and debts after your death
  • Help maintain your beneficiaries’ standard of living
  • Leave an inheritance for your loved ones
  • Allow you to save money, because the insurance amount and savings accumulated are tax-free
  • Provide you with more income during retirement

Permanent insurance, term life insurance, or both?

Why choose permanent insurance?

With permanent 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.

Permanent insurance: whole life

With permanent 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.

New | From $5,000 to $150,000
Permanent life insurance is now available in simplified issue without any medical examination for amounts between $5,000 and
$150,000. No blood test or doctor’s visit required.
Simplified Issue

 

Adaptable

Whole 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.
Simplified Issue
Age 18-75 years 15 days to 75 years
Cash value If there is Chapter B – Available from the 10th policy anniversary, 40% of the insurance amount from the 65th anniversary
Characteristics In the event of natural death within the first 24 months, your premium is reimbursed at 100%. In the event of natural death within the first 12 months, your premium is refunded at 100%. Between 12 and 24 months, you receive 50% of the insurance amount. 100% of the insurance amount from the first day
Amount of insurance Chapter A – Initial insurance amount equal to Chapter B – Deferred paid-up insurance amount Chapter A independent of Chapter B
Option to add paid-up insurance N/A Option to add paid-up insurance at issue or at the 3rd, 5th or 7th policy anniversary

For insurance amounts of $50,001 to $150,000 in Express issue and for all amounts greater than $150,000, the characteristics are the same.

Tax-free coverage ranging 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

Integral

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.

Integral is now offered in simplified issue without any medical exams for amounts up to $ 150,000. No blood test or visit to the doctor is required.
Simplified Issue
Age 18-65 years 15 days to 65 years
Reduced paid-up insurance Reduced paid-up insurance available upon payment of the first $1,000 of premium
Cash value On the insured’s 75th birthday
Characteristics In the event of natural death within the first 24 months, your premium is reimbursed at 100%. In the event of natural death within the first 12 months, your premium is refunded at 100%. Between 12 and 24 months, you receive 50% of the insurance amount. 100% of the insurance amount from the first day
  • Take a break from your insurance payments at any time while preserving your coverage for the rest of your life.
  • Obtain lower insurance coverage equivalent to the premiums paid in the event you stop paying for your insurance completely.
  • Cancel your contract and redeem a part of the premiums you paid. Use the capital to pay for personal projects or to provide for your needs in the event of health problems.
  • Redeem your insurance contract starting on your 75th birthday to increase your retirement income.

Term life insurance: set period

Our insurance needs evolve over time. Whether you’re a student, a new parent or a homeowner, our Superior+ term life insurance can offer you full coverage for 10, 20 or 30 years.

New | From $50,001 to $150,000

Term life insurance is now offered in simplified issue without any medical exams for amounts from $50,001 up to $150,000. No blood test or visit to the doctor is required.
Simplified Isssue

Term Life Insurance Superior+ 10 years, 20 years or 30 years

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 premiums
  • Exchangeable*, fully or partially, without evidence of insurability, for a new term life plan 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.

Critical illness: peace of mind

Unlike life insurance, critical illness insurance pays you during your lifetime. Its main goal is to eliminate financial concerns and create the ideal conditions for your recovery.

AdapCI

With UV Insurance’s critical illness insurance, you’ll never lose the premiums you pay, no matter what happens. Contrary to most insurance products, you can be refunded for all your premiums, either gradually starting on the 10th policy anniversary, or in one lump sum, once your payments are terminated. In the event you die without using the critical illness insurance, 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 Best Doctors* and Assistel
  • 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

Cancer
Multiple sclerosis
Heart attack (Acute Myocardial Infraction) Severe burns
Stroke (Cerebrovascular accident resulting in persistent neurological deficits) Coma
Coronary artery bypass surgery Loss of speech
Kidney failure Loss of limbs
Major organ transplant and major organ failure on waiting list Motor neuron disease
Aortic surgery Dementia, including Alzheimer’s disease
Heart valve replacement or repair Parkinson’s disease
Benign brain tumour Occupational HIV infection
Blindness Bacterial meningitis
Paralisys Aplastic anemia
Congenital heart disease** Loss of independent existence
Cerebral palsy** Cystic fibrosis**
Autism spectrum disorder** Type 1 diabetes mellitus**
Rett syndrome** Muscular dystrophy**

Covered non-critical illnesses***

Coronary angioplasty
Stage A (T1a or T1b) prostate cancer
Stage 1 malignant melanoma
Ductal carcinoma in situ of the breast

* Specific to AdapCI

** 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 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

Insurance for children

Ensure a hassle-free future for your children by purchasing a life insurance policy tailored to them today.

Early Learning

NEW!
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) 
Summary of Benefits Amount of coverage Duration of Coverage 
Natural death $2,500 To age 25
Accidental death $10,000 Lifetime
Accidental dismemberment Up to $50,000 Lifetime
Accidental fracture Up to $250 Lifetime
Rembursement of certain medical expenses Up to $1,500 Lifetime

Juvenile 30/100

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

Additional Coverages

Customized your insurance products by adding supplementary benefits to meet all your needs. Enjoy life—worry free!

Credit Insurance Rider

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.

New | Credit Insurance Rider is also offered in Express simplified issue, for the 2-year option, on all permanent and temporary life insurance products

Who is eligible:

  • Insureds who have purchased term or permanent life insurance from UV Insurance
  • Insureds who have an eligible occupation and who work at least 20 hours/week, 9 months/year.

Eligibility:

18 to 55 years (options 2 and 5 years)
18 to 60 years (option up to 65 years)
18 to 55 years, option 2

 

Eligibility – Personal loan

To 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.
NEW: UV Insurance now covers commercial 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.

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

Waiver of Premiums in the Event of Total Disability (WPD)

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

Waiver of Premiums in the Event of Death or Total Disability (WPDD)

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

Preapproved critical illness insurance

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

Accidental death and dismemberment (AD&D)

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

Child rider

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

 

Accidental fracture

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

 

Waiver of premiums in the event of loss of employment (WPLE)

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

Need help?

Change of address
Change of payment method
General information

Contact us:
Customer Service
Ext. 2063
ind.client@uvinsurance.ca