Plan details

  
 

Plan details - Accidental Death Insurance rider

 

Eligibility

You are eligible to apply for Accidental Death Insurance coverage if you:

  • reside in Canada and 
  • are over age 18 and are under age 60, and
  • are in the process of obtaining SunAffinity Term Life Insurance.

Your coverage terminates at the policy anniversary following age 70.

 

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Scope of coverage

If you are eligible, the Accidental Death (AD) Insurance rider protection is provided 24 hours a day, 365 days a year, anywhere in the world, whether you are at work or engaged in personal activities (subject to the policy terms and conditions).

 

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Amounts of insurance

The AD Insurance rider is available in units of $25,000, from a minimum of $50,000 up to a maximum of $250,000 or the lesser of the amount of life insurance applied for.

The Accidental Death benefit reduces by 50% at the policy anniversary following age 65 and terminates at the policy anniversary following age 70.

 

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Description of coverage

The Accidental Death benefit provides for the payment of a sum of money if the insured person dies as the result of an accident.  The death benefit amount, paid to the beneficiary, is tax-free and is provided in a lump sum.  By accidental death we mean: an unforeseen, unexpected and undesirable incident, resulting in the life insured's death.  There are exclusions to this benefit that are listed in the policy.

 

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This website provides the highlights but not all the details. The complete terms, conditions, exclusions and limitations governing the coverage are found in the insurance policy issued by Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies. Check our Quote & apply section to get an estimate of the cost for your insurance coverage.

Check our Quote & apply section to get an estimate of the cost for your insurance coverage.