Term life insurance can help protect your family’s future

No matter what stage of life you’re in, life insurance can be an important part of your financial plan. Term life insurance can be an excellent choice for people looking for affordable, straightforward life insurance protection.

Sheridan College Alumni Term Life Insurance Plan

Who is Term Life insurance for?

Term Life insurance is often an ideal choice for families, young adults as well as small business owners who need straightforward, immediate coverage. It provides a simple and affordable way to help protect your loved ones from the burden of financial obligations if you are no longer there to support them.

Eligibility

  • Sheridan graduates, staff or faculty and their spouses between 18 and 64
  • Must be a Canadian resident to apply

Plan highlights:

  •  $50,000 in coverage starts at $2.88/month*
  • Up to $250,000 in tax-free benefits1 with no medical exam normally required**
  • Substantial discount for non-smokers
  • Vital Living benefitfor a terminal illness up to $50,000

Call us at 1-800-387-0649 to ask about additional coverage up to $750,000. There is a 30-day risk-free trial period3 and the option to cancel your coverage at any time.

Complete product details

Legal

The Alumni Term Life Insurance Plan is group insurance underwritten by The Canada Life Assurance Company. Complete details of coverage, including any limitations or exclusions that may apply, are set out in the Certificate of Insurance Opens in a new window provided on enrollment. Please read it carefully and keep it in a safe place.

*Plus applicable taxes. Based on the rate for a female non-smoker between the ages of 18 to 25. Premium amounts will vary according to level of coverage amount, age, gender and smoking categories chosen.

**Most applicants will be approved without a medical examination. Some exceptions may apply.

1Benefits are paid tax-free if a beneficiary is designated. If the benefit is paid to the estate, then probate fees may be payable.

2Vital Living benefit – Must be diagnosed with a life expectancy of 12 months or less, can claim 50% up to a maximum of $50,000.

3Once you receive your Certificate of Insurance, you’ll have a full 30 days to review it to be sure you are completely satisfied. If not, sign and return it to Canada Life and any premium paid will be promptly credited.

4Coverage reduces by 10% of the original amount per year starting at age 66. Coverage terminates at age 75.

™Canada Life and design are trademarks of The Canada Life Assurance Company.