| Examples of premiums on time-defined payment insurance policies
Bequest Insurance has formed partnerships with several of Canada's most respected insurance companies which have insurance products that are ideally suited for usage as gifts of life insurance. We can offer universal life insurance policies that you can pay off within whatever timeline you wish (a medical is required to qualify). The chart below reflects some examples of different policy sizes and the monthly premiums on them. You can also compare the combined amount you would pay on these policies with the total end benefit your charity.
Note: Reflected above are typical premiums for non-smokers who purchase Universal Life Insurance policies that will be paid off within a pre-determined fixed term. These premiums may vary according to the individual's gender, age, health, weight, and if he or she smokes. A medical is required to qualify to purchase this type of insurance. The maximum age to qualify for this fully underwritten insurance is 85.
Contact Bequest Insurance to discuss the best policy to meet your charitable goals and personal circumstances, and learn what rates would be for you.
Examples of premiums on non-medical insurance policies
Non-medical insurance is an option for donors who do not wish to take a medical to qualify for a gifted insurance policy. It is also an option for some who have been previously turned down for insurance in the past. This type of policy can offer lower monthly policies than insurance policies that are paid off over a defined period of time, but premiums usually must be paid for the life of the donor. Policies of this type range from $10,000 to $75,000, and are unavailable to anyone 81 or older. To see if you qualify for non-medical insurance, click here.
Non-Medical Insurance Policies - Paid off over the donor's lifetime
Contact Bequest Insurance to discuss the best policy to meet your charitable goals and personal circumstances, and learn what rates would be for you.
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