Maximum Protection at an Affordable Price
At Teachers Life we understand insurance is not a one-size-fits-all arrangement, so no matter what stage of life you are at, we provide our members with a number of affordable and flexible coverage options. Term life insurance is one of the most economical forms of protection available. From $10,000 to $1 million dollars of coverage, we are confident in our ability to help you create an insurance solution that is right for you.
NEW! electronic ? Asset Protection Plus
(e-APP)
e- APP
combines the protection of 25 year term
life coverage with a the living benefit of
critical illness insurance. With rates
guaranteed not to increase for the life of the
policy simply
click here for a quote and
follow the prompts to apply. Covered conditions
are heart attack, stroke and
cancer.
For more information regarding e-APP
click
here.
What is the best insurance solution?
Here are a few scenarios to get you thinking:
Just the Beginning – Recent graduate
or new to your position? Maybe you're single, or recently married or in the midst of purchasing your first home. The idea of starting a family may have even been a topic of discussion. All these "firsts" mean this is an exciting time of life.
Teachers Life
e-APP or Term
10 life insurance is a practical insurance choice in this scenario, providing short-term coverage at low rates and protecting the ones you love. What's more, once you are accepted into the plan, your rates will not increase for 10 years.
For more information regarding the Teachers Life Term 10 life insurance plan
click here or call Teachers Life at 1-866-0620-LIFE (5433).
Or to apply for our new online application click
here.
How Time Flies – You know your way around
your job.Married, perhaps divorced. You likely own a home... maybe even a cottage, and at this point could have a growing family. How time flies!
Teachers Life
e-APP or Term 20 life insurance could be for you. Think of it as your financial cushion, covering things like a mortgage, line-of-credit, university or college tuition. Affordable, longer-term family protection with rates that will not increase for 20 years.
For more information regarding the Teachers Life Term 20 life insurance plan click here or call Teachers Life at 1 866 620-LIFE (5433).
Or to apply for our new online application click
here.
How Accomplished – Established in your
career, you are well recognized by your peers. You are the "go to" for others at your
job. Married and likely have a child of your own in university or college. There may even be talk of a wedding on the horizon or maybe your first grandchild is due any day now. You love what you do, but retirement has popped-up as a topic of discussion with your spouse. Look at all you've accomplished!
Teachers Life PermaTerm 100 is affordable coverage that will provide for those who count on you. You are covered to age 100 so no matter what time may bring your family and the lifestyle you have created is protected. What's attractive about this plan is that your coverage will never reduce in value and the same rate is secured for the life of the policy.
For more information regarding the Teachers Life PermaTerm 100 insurance plan click here or call Teachers Life at 1 866 620-LIFE (5433).
We're Here for You!
We hope you find these examples useful, but please know that we understand each
person's circumstances are unique. To discuss your needs and work together to create the coverage that is just right for you, please call our helpful member Service Representatives at 1-866-620-LIFE (5433) or click here to complete a request for information inquiry.
Optional Benefit Add-ons (also known as Riders)
Teachers Life offers members the ability to customize their protection through purchasing options that go beyond the primary policy. Known as "riders", these options can be purchased on Teachers Life Term 10, Term 20 and PermaTerm 100 life insurance products.
The Living Benefits Rider will pay you a benefit worth half the value of your policy (to a maximum of $50,000) if you become terminally ill with less than 18 months to live. This rider is included at no additional cost on Teachers Life Term 10, term 20 and PermaTerm 100 life insurance products.
Spousal/Partner Life Insurance Rider
This rider allows you to add on life insurance benefits for your spouse/partner up to the age of 60.
Waiver of Premium For Disability Rider
This rider provides a premium payment feature that will waive your premiums in the event that you have been disabled for six (6) months.
Accidental Death Benefit Rider
If you add on this new rider to your life insurance policy, and your death is as a result of an accident, your beneficiary receives twice the value of your life insurance policy, up to a maximum of $500,000.
Dependents' Life Insurance Rider
This rider will pay a death benefit of $5,000 or $10,000 for each of your dependent children.
Grandchildren's Life Insurance Rider
This rider will pay a death benefit of $5,000 or $10,000 for each of your grandchildren.
Other Teachers Life insurance plans include:
Term to 75 Life Insurance
Our Term to 75 plan is suited to those who need protection for a moderate period of time. It is available in units of $25,000, from a minimum of $50,000 to a maximum of $1,000,000. Coverage under this plan remains level until age 65 at which time it gradually declines until age 75, the end of the term.
Eligibility: Members of the education community,
actively employed or retired, and their spouses,
partners, or children between 21 and 65 years of age can apply.
Click here to request a personalized quote or call us at 1 866 620-LIFE (5433).
Level Term to 80 Life Insurance
For those interested in maintaining a level amount of coverage for a fixed term, our Term to 80 plan is the choice. It is available in units of $25,000, from a minimum of $50,000 to a maximum of $1,000,000. After age 80, a paid-up policy worth 10% of the policy's original value, remains in force until your death.
Eligibility: Members of the education community, actively employed or retired, and their spouses, partners, or children between 40 and 69 years of age can apply.
Click here to enter the Members section for an application.
Term to 100 Life Insurance
Our Term to 100 plan provides long-term protection, with a declining value, at a reasonable price. It is available in units of $25,000, from a minimum of $50,000 to a maximum of $1,000,000. Coverage under this plan remains level until age 60 at which time it gradually declines until age 75, when no further premium payments are due. A paid-up policy worth $3,000 for each $25,000 of insurance originally purchased, remains in force until age 100.
Eligibility: Members of the education community, actively employed or retired, and their spouses, partners, or children between 21 and 60 years of age can apply.
Click here to enter the Members section for an application.
PRODUCT DETAILS
NEW! e-APP (electronic
- Asset Protection Plus)
Eligibility
Actively employed or retired members of the
education community, their spouses and adult
children who are Ontario residents and between the
ages of 20 and 55 are eligible to apply for
coverage. For a quote, simply
click here.
Benefits
While your e-APP insurance policy will
outline all the benefits in detail, below are a few
highlights:
. Rates are guaranteed never to increase
for the life of the policy
. Unique combination of 25 year term
life insurance and critical illness
coverage
.
25% of the coverage payable directly to you, if
diagnosed with a covered
condition
. Critical Illness benefit ? money to
use how ever you see fit
. Better rates for non-smoker
. Spouse and adult children eligible to
apply
Easy Online Quote and Application Process
Applying for insurance has never been easier. The
entire application process is online and should take
no more than 10 minutes. There are three
coverage options to choose from $100,000, $125,000
or $150,000 ? each including a 25% critical illness
payout if diagnosed with a covered impairment. Get a
quote today and see how e-APP compares.
Critical Illness - Covered Impairments
Covered impairments are heart attack, stroke
and cancer. The Critical Illness component of
e-APP pays a one time lump sum benefit equal to 25%
of the policy, should you be diagnosed with one of the
following illnesses and survive 30 days from the date
of diagnosis.
The following are definitions of the impairments and
the limitations and exclusions related to the
coverage:
Heart Attack
?Heart Attack? means the death of a portion of the
heart muscle, resulting from the blockage of
adequate blood supply as evidenced by new
electrocardiographic changes which support the
diagnosis of a heart attack and by elevation of
cardiac enzymes, typical chest pain, cardiac
troponins and any other cardiac biological markers.
Stroke
"Stroke" is defined as a cerebrovascular
incident resulting in irreversible death of brain
tissue due to cerebral hemorrhage, cerebral
embolism, cerebral thrombosis or subarachnoid
hemorrhage. This event must result in significant
neurological functional impairment that must be
present on physical examination by a neurologist at
least 3 months after the event and be permanent with
no hope of recovery. The diagnosis must also be
supported by findings on Magnetic Resonance Imaging,
Computerised Tomography or cerebral spinal fluid
examination and must be consistent with the
diagnosis of a new stroke.
Stroke Exclusions
Cancer
?Cancer? is a malignant tumor characterized by the
uncontrolled growth and spread of malignant cells
with invasion and destruction of normal tissue. The
term cancer includes leukemia, lymphoma, Hodgkin's
disease and metastatic tumors.
Cancer Exclusions & Limitations
General
Conditions
Teachers Life Term 10 Renewable Life Insurance
Eligibility
Actively employed or retired members of the
education community, their spouses and adult children who are Ontario residents and between the ages of 20 and 65 are eligible to apply for coverage.
Benefits
Your insurance policy outlines the benefits of the Teachers Life Term 10 Renewable Life Insurance plan in detail. Below you will find benefit highlights:
• Premium payments will not increase for 10 years
• Coverage will not decrease
• Better rates for non-smokers
• Ability to renew your coverage up to age 75
• Reduced rates for coverage amounts of $100,000 or greater
• Living Benefit Cash Advance of up to $50,000
• A member's spouse and/or adult children can apply for coverage
• Optional Benefit Add-ons:
- |
coverage options to protect children & grandchildren |
- |
coverage pay out doubles for accidental death |
- |
waiver of premium for disability |
Renewable Coverage to Age 75
You can renew your Teachers Life Term 10 coverage up to age 75, as long as your insurance policy remains in force and all premiums are paid on time. NOTE: you are not obligated to keep this coverage until age 75.
Coverage Choices that Fit Your Needs
At Teachers Life we understand one size does not fit all. With the Term 10 product you can create coverage that works for you. From $50,000 to $1 million dollars, coverage is available in $1,000 units enabling you to tailor coverage to your specific needs.
Reduced Rates that Will Not Increase for 10 Years
The more coverage purchased the greater your savings! For coverage of $100,000 or greater the better your rate will be per dollar of insurance.
As a policy holder your rate will not increase for 10 years and your coverage will never decrease.
Exclusions
If death is as a result of suicide within the first two years of coverage, your beneficiary will only receive a refund of premiums paid to that date. No term life benefit will be paid.
Beneficiary
You may decide to name your spouse as your beneficiary or maybe you have a couple of adult children you would like to select. At Teachers Life the decision is yours. Many
of our members tell us they appreciate the flexibility that lets them select their own beneficiary or beneficiaries. You can also change or update your beneficiary at any time by simply notifying us in writing.
For More Information or to Receive a Personalized Quote
For more information regarding Teachers Life Term 10 Renewable Life Insurance simply
click here to request a personalized quote. Or call us today at 1 866 620-LIFE (5433)! One of our experienced and helpful Member Service Representatives will be happy answer any questions you may have.
Teachers Life - A Pretty Nifty Insurance Company
We have been around since 1939 and today are proud to say that we are the largest teacher-owned, not-for-profit, fraternal insurer in North America.
We are membership based, so you have a say in how we are run. We are not-for-profit, so earnings aren't shipped off to Bay Street they are invested back into member benefits. Our focus is entirely
centred on the education community and our diverse range of insurance products, exclusive member benefits and member first service reflect that.
If you are a member of Teachers Life we would like to say thank you! If this is your first time hearing about us we hope you like what you see and read on!
Teachers Life Term 20 Renewable Life Insurance
Eligibility
Actively employed or retired members of the
education community, their spouses and adult children who are Ontario residents and between the ages of 20 and 65 are eligible to apply for coverage.
Benefits
Your insurance policy outlines the benefits of the Teachers Life Term 20 Renewable Life Insurance plan in detail. Below you will find benefit highlights:
• Premium payments will not increase for 20 years
• Coverage will not decrease
• Better rates for non-smokers
• Ability to renew your coverage up to age 75
• Reduced rates for coverage amounts of $100,000 or greater
• Living Benefit Cash Advance of up to $50,000
• A member's spouse and/or adult children can apply for coverage
• Optional Benefit Add-ons:
- |
coverage options to protect children & grandchildren |
- |
coverage pay out doubles for accidental death |
- |
waiver of premium for disability |
Renewable Coverage to Age 75
You can renew your Teachers Life Term 20 coverage up to age 75, as long as your insurance policy remains in force and all premiums are paid on time. NOTE: you are not obligated to keep this coverage until age 75.
Coverage Choices that Fit Your Needs
At Teachers Life we understand one size does not fit all. With the Teachers Life Term 20 product you can create coverage that works for you. From $50,000 to $1 million dollars, coverage is available in $1,000 units enabling you to tailor coverage to your specific needs.
Reduced Rates that Will Not Increase for 20 Years
The more coverage purchased the greater your savings! For coverage of $100,000 or greater the better your rate will be per dollar of insurance.
As a policy holder your rate will not increase for 20 years and your coverage will never decrease.
Exclusions
If death is as a result of suicide within the first two years of coverage, your beneficiary will only receive a refund of premiums paid to that date. No term life benefit will be paid.
Beneficiary
You may decide to name your spouse as your beneficiary or maybe you have a couple of adult children you would like to select. At Teachers Life the decision is yours. Many
of our members tell us they appreciate the flexibility that lets them select their own beneficiary or beneficiaries. You can also change or update your beneficiary at any time by simply notifying us in writing.
For More Information or to Receive a Personalized Quote
For more information regarding Teachers Life Term 20 Renewable Life Insurance simply
click here to request a personalized quote. Or call us today at 1 866 620-LIFE (5433)! One of our experienced and helpful Member Service Representatives will be happy answer any questions you may have.
Teachers Life - A Pretty Nifty Insurance Company
We have been around since 1939 and today are proud to say that we are the largest teacher-owned, not-for-profit, fraternal insurer in North America.
We are membership based, so you have a say in how we are run. We are not-for-profit, so earnings aren't shipped off to Bay Street they are invested back into member benefits. Our focus is entirely centred on the education
community and our diverse range of insurance products, exclusive member benefits and member first service reflect that.
If you are a member of Teachers Life we would like to say thank you! If this is your first time hearing about us we hope you like what you see and read on!
Teachers Life PermaTerm 100 Life Insurance
Eligibility
Actively employed or retired members of the
education community, their spouses and adult children who are Ontario residents and between the ages of 20 and 70 are eligible to apply for coverage.
Benefits
Your insurance policy outlines the benefits of the Teachers Life PermaTerm 100 plan in detail. Below you will find benefit highlights:
• Premium payments will never increase
• Coverage is guaranteed not to decrease
• At age 100 the policy is paid out in full
• Better rates for non-smokers
• Reduced rates for coverage amounts of $100,000 or greater
• Living Benefit Cash Advance of up to $50,000
• A member's spouse and/or adult children can apply for coverage
• Optional Benefit Add-ons:
- |
coverage options to protect children & grandchildren |
- |
coverage pay out doubles for accidental death |
- |
waiver of premium for disability |
Coverage Choices that Fit Your Needs
At Teachers Life we understand one size does not fit all. With the Teachers Life PermaTerm 100 plan you can create coverage that works for you. From $10,000 to $500,000 dollars coverage is available in $1,000 units, enabling you to tailor coverage to your specific needs.
Reduced Rates that Will Not Increase for Life
The more coverage purchased the greater your savings! For coverage of $100,000 or greater the better your rate will be per dollar of insurance.
Once insured your rate will not increase for the life of the policy and your benefit will never decrease.
Exclusions
If death is as a result of suicide within the first two years of coverage, your beneficiary will only receive a refund of premiums paid to that date. No term life benefit will be paid.
Beneficiary
You may decide to name your spouse as your beneficiary or maybe you have a couple of adult children you would like to select. At Teachers Life the decision is yours. Many
of our members tell us they appreciate the flexibility that lets them select their own beneficiary or beneficiaries. You can also change or update your beneficiary at any time by simply notifying us in writing.
For More Information or to Receive a Personalized Quote
For more information regarding Teachers Life PermaTerm 100 life insurance simply
click here to request a personalized quote. Or call us today at 1 866 620-LIFE (5433)! One of our experienced and helpful Member Service Representatives will be happy answer any questions you may have.
Teachers Life - A Pretty Nifty Insurance Company
We have been around since 1939 and today are proud to say that we are the largest teacher-owned, not-for-profit, fraternal insurer in North America.
We are membership based, so you have a say in how we are run. We are not-for-profit, so earnings aren't shipped off to Bay Street they are invested back into member benefits. Our focus is entirely centred on the education
community and our diverse range of insurance products, exclusive member benefits and member first service reflect that.
If you are a member of Teachers Life we would like to say thank you! If this is your first time hearing about us we hope you like what you see and read on!
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