Does TermCanada charge a fee for its services?
No, we are compensated directly by the insurance company.
Who will be my insurance
Depending on which province you are located, TermCanada’s
principal Chris Funnell, or one of his affiliated professionals
How long does the application
process usually take?
The process generally takes 4-6 weeks from the time we submit your
application, to the time your new policy is issued by the insurance
Can I get covered during
this 4-6 week period?
Yes, many clients qualify for immediate “Temporary Life Insurance”
which gives coverage during the 4-6 week application period.
What is a rating class?
The policy’s rating class is the risk category for which an
applicant qualifies according to an insurance company’s underwriting
guidelines. Usual rating classes are Preferred Plus (also called
Elite), Preferred, and Standard. The rating class will determine
the premium for the policy.
Will my premium change?
Once your policy has been put in force, the premium will be guaranteed
not-to-increase during the guarantee period. Typical guarantee periods
are 10 Years and 20 Years.