Backdating to save age

You can backdate critical illness policies up to six months, par policies up to 10.5 months and non-par policies up to 12 months.

Critical Illness InsuranceLife Insurance
  • Backdate up to six months

When backdating more than three months, we’ll need to make a change to the policy. The change will address the start dates of the contestability period and the exclusion periods for:

  • Cancer
  • A benign brain tumour
  • Parkinson’s disease, and Specified atypical parkinsonian disorders
  • Backdate par policies up to 10.5 months
  • Backdate non-par policies up to 12 months

Any par policies backdated 10.5 months must be settled within two weeks of the issue date.

This change currently doesn’t include Universal Life (UL) policies.

When backdating more than six months, we’ll need to make a change to the policy. This change will address the start dates of the suicide and contestability periods.

Note: 

  • If you want to backdate a critical illness or life insurance policy and are using Sun eApp, continue to select the “retain age” box, when available. If the retain age box isn’t available, add a note in the “special instructions” section on the summary screen of the application.
  • These guidelines are applicable for conversion and replacement applications.

Questions?

Contact our Advisor Experience Team.