Our final expense plan offers up to $25,000 in reliable tax-free benefits that your beneficiaries can use to ensure the security of their financial future.
A quick look at how our Final Expense Plan works
Guaranteed acceptance
To be eligible for coverage, you only need to be between the ages of 18-74 and have a permanent address in Prince Edward Island.
No medical exam
Your health can never bar you from getting the coverage you need. We do not require a medical exam when you apply.
Fully online process
You can get a quote, see your plan options, and make a purchase all online without scheduling any meetings or completing mountains of paperwork.
You’re approved instantly
When you apply for coverage, you know if you are approved for a plan in seconds.
Giving your beneficiaries more choice
The plan’s benefit goes directly to your beneficiaries to be used in any way they choose, including covering funeral costs.
Reliable coverage to 100
Your coverage can never be cancelled by us and remains in force until age 100.
30-day review period
Take 30 days to review your coverage after purchase. If you are unhappy with your plan, let us know, and we’ll give you a full refund.
Extra benefits of our coverage
Our Final Expense Plan comes with three unique benefits that set it apart from other policies on the market.
Accidental death benefits
If you pass away due to an accident, your beneficiaries will receive up to four times your plan’s original benefit.
No citizenships
Unlike most plans on the market, you do not need to be a Canadian citizen to apply for our coverage.
Tax-free benefits
Your benefit is always guaranteed tax-free.
Covering your final expense can often be difficult for Canadians in Prince Edward Island. We’ve seen the struggles people go through when left with funeral expenses and other debts after suffering a loss. Our Final Expense Plan helps remedy this problem by providing affordable and reliable financial security during a difficult time.
You can discover your coverage options now and get a free no-obligation quote through our simple online application.
Find out more about our plan details:
Final Expense Plan - How the Policy is Paid
Subject to the terms and conditions outlined under this policy, we will pay the death benefit if:
- The insured person dies after two years of this policy, or an accidental death as covered under the accidental death condition as laid out in the policy documents.
- Death that occurs within the first two years will be subject to a refund of premiums.
- If the insured person dies after two years of this policy and the death is an accidental death, four times the death benefit will be paid out as set out in the policy schedule.
Final Expense Plan - Policy Exclusions
The basic death benefit will not be paid under the following circumstances:
- Death that occurs, within 2 years from the effective date or latest reinstatement and is not an accidental death will be subject to no benefit payments. A full refund of premiums will occur.
- The insured person commits suicide, while sane or insane, within 2 years from the effective date or latest reinstatement.
- If this policy is declared void due to a material omission, misrepresentation or in the event of fraud.
This policy also includes an accidental death benefit at no additional cost. For accidental death benefit exclusions please CLICK HERE.
Accidental death does not include death which is caused directly or indirectly by one or more of the following:
- a sickness;
- suicide or intentionally self-inflicted injury, while sane or insane;
- the misuse of medication, or the abuse of drugs or intoxicants, or from having a blood alcohol level of 80 milligrams of alcohol in 100 milliliters of blood or more;
- committing or attempting to commit a criminal offence, or while in prison;
- medical or surgical treatment or complications arising from the treatment, except when required as a direct result of an injury;
- participation as a paid professional in sports, or participation in any organized motorized contest of speed, or other hazardous activities such as, scuba diving, rock or cliff climbing, boxing, sky diving, parachuting, hang-gliding or bungee jumping;
- air travel, other than as a fare-paying passenger in a commercially licensed aircraft; or
- declared or undeclared war, or any act of war, terrorism, riot or insurrection, or service in the armed forces of any country, government or international organization
Please note that, aside from cases of fraud, if the policy is declared void the insured's beneficiary is entitled to a refund of premiums from the effective date of the policy or the date of its latest reinstatement.
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