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.

Adaptable

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

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

Adaptable

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.

  • 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.

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
Severe burns
Stroke
Coma
Coronary artery bypass surgery Loss of speech
Kidney failure Loss of limbs
Major organ transplant or failure Motor neuron disease
Aortic surgery Alzheimer’s disease
Heart valve replacement Parkinson’s disease
Benign brain tumour Occupational HIV infection
Blindness Bacterial meningitis
Deafness Aplastic anemia
Congenital heart disease** Loss of autonomy*
Cerebral palsy** Cystic fibrosis**
Rett syndrome** Type 1 diabetes mellitus**
Muscular dystrophy**

Covered non-critical illnesses***

Coronary angioplasty
Stage A (T1a or T1b) prostate cancer
Stage 1A 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 7 additional illnesses or conditions.

Additional critical illnesses and conditions covered under the Juvenile 30/100 plan

  • Congenital heart disease
  • Cerebral palsy
  • Cystic fibrosis
  • Autism
  • 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

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.

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

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 $500,000. This plan also includes critical illness coverage equal to 10% of the life insurance amount, up to $50,000. 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
  • Term to 30 insurance converted at expiry into Term to 100 insurance at a competitive rate guaranteed in the contract.

Accidental fracture

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

 

Supplementary benefits

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.

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 (for coverage options of 2 and 5 years)
  • 18 to 60 years (for coverage option to age 65)

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

Credit insurance

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

Premium:

  • Male: 5% of the premium
  • Female: 7.5% of the premium

Termination of coverage:

  • At the contract anniversary closest to the 60th 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. 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

Premium:

  • Male: 10% of the premium
  • Female: 15% of the premium

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

Premium:

  • From $5/month

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

Resources for advisors

Secured access

What advisors can do:

  • Consult remuneration reports
  • Access all contracts with a single ID
  • Find detailed forms
  • Follow-up on applications and claims

Registration for Resources for advisors

Contact us to obtain an ID.

Illustration software

UV Insurance provides all financial advisors with a software that allows them to produce quotations for our life insurance and critical illness products.

Current version: 2.10.1

Steps to follow

1 – Download the software

Whether this is your first installation or you are currently using an old version of the software, you need to download the current version. After clicking on the link, select the “Run” option.

Download software

2 – Install the software

Once the software has been downloaded, the installation will start automatically. Make sure to exit the old version of the software before continuing. Follow the instructions on screen and let the installation proceed.

3 – Run the software

Once the installation is completed, a shortcut will appear on your desktop. Double-click the icon to open the software. When a new update is available, a window will open to let you know and explain what to do.

IMPORTANT NOTE:

In order for Illustration to work properly, you must install the latest version of Acrobat Reader. Click this link to download it (deselect any unwanted options): https://get.adobe.com/reader/

Required operating system:

  • Windows XP SP3
  • Windows Vista
  • Windows 7
  • Windows 8
  • Windows 10