CancerGuard. Simplified Issue. Product Summary. For exclusive use by Financial Advisors

Transcription

1 CancerGuard Simplified Issue Product Summary For exclusive use by Financial Advisors

2 CancerGuard at a glance Characteristics Cancer insurance Age at issue T10 from birth to age 65 T20 from birth to age 55 T75 from birth to age 65 Sum insured Standard rate From $5,000 up to $50,000 Preferred rate From $5,000 up to $100,000 Preferred rate PLUS From $5,000 up to $150,000 Optional coverage Prevention Yes 50% of cancer sum insured (maximum of $25,000) for the following non-life-threatening cancers: 1. carcinoma in situ of the breast; 2. stage 1A malignant melanoma (melanoma of less than or equal to 1.0 mm in thickness, not ulcerated and without Clark level IV or level V invasion); 3. stage A (T1a or T1b) prostate cancer. Critical illness Return of premiums T10, T20 and T75 must not exceed the amount of cancer insurance Yes return of 100% of all paid premiums upon death or 50% at age 75, less any claim payments. Note: Critical illness coverage can only be purchased with cancer insurance. 2

3 CancerGuard No medical exam cancer insurance Introduction CancerGuard is a simplified issue cancer insurance product for people from birth to age 65, who look for a cancer and critical illness coverage without any need for a medical exams or blood tests. CancerGuard provides coverage as high as $150,000. No medical exams Few questions to answer on current health status Three available terms: 10 years, 20 years or up to age 75 Renewable contract without proof of insurability at the end of terms 10 and 20 years Three optional coverages: Critical illness Prevention Return of premiums No policy fee even if multiple coverage is chosen. Main product features CancerGuard is a simplified issue insurance product that offers 3 levels of coverage. A few questions are required to determine the eligibility to coverage. Clients complete a three-level questionnaire to qualify for better premium rates and coverage as they proceed. Maximum sum insured $150,000 $100,000 $50,000 Standard rate Preferred rate CA: 2 questions CI: + 1 question Preferred PLUS rate CA: 1 question CI: + 1 question CA: 2 questions CI: + 1 question $$$ $$ $ Premium $ = Premium = Health CA = Cancer insurance CI = Critical illness coverage 3

4 ELIGIBILITY STEPS Eligibility to simplified issue cancer insurance is determined by answering few questions about current health status and family history. The questions asked are divided into three levels: Standard, Preferred and Preferred PLUS rates. If client answers "yes" to any question of the first level, they are not eligible to the product. For any other level, by answering "yes" to any question, they become qualified for the preceding level only and are limited to the maximum sum insured available for that step. Of course, if all answers are "no", they qualify for the preferred PLUS rate. Please refer to the questionnaire section to better understand how it determines your eligibility. Clients who do not wish to purchase the critical illness optional coverage do not need to answer the questions related to critical illness (questions 2B, 4B AND 5B). Coverage Rate Maximum Terms # of medical questions If "Yes" answers Standard $50,000 2 Do not submit Cancer Preferred $100,000 T10, T20, T75 +2 STANDARD RATE Preferred PLUS $150, PREFERRED RATE Standard $50, Do not submit Critical illness Preferred $100,000 T10, T20, T75 +1 STANDARD RATE Preferred PLUS $150, PREFERRED RATE Note: The base of the product is cancer insurance. It is not allowed to obtain a better rate or a higher sum insured for the critical illness coverage, but the reverse is possible, given the answers. 4

5 ELIGIBILITY QUESTIONNAIRE If a client answers «yes» to any question in the first level, they are not eligible. For the other levels, by answering yes to any question, they become qualified for the preceding level only and are limited to the maximum insurance amount available for that level. LEVEL 1 STANDARD RATE ANY "YES" ANSWER: Not eligible ALL NO'S: Qualifies for STANDARD RATE up to $50,000 Can also proceed to level 2 for PREFERRED RATE LEVEL 1 STANDARD RATE ($5,000 to $50,000) 1) In your lifetime, have you ever been diagnosed with acquired immunodeficiency syndrome (AIDS) or tested positive for the human immunodeficiency virus (HIV)? 2) Do you have, have you ever had, have you noticed signs or symptoms for which you have not consulted a physician yet, or are you waiting for a test or test results for any of the following illnesses or medical conditions: a. Leukemia, lymphoma, malignant tumour or any form of cancer? To be answered only if the primary insured is applying for critical illness optional coverage b. Chronic neurodegenerative diseases, type 1 (insulin dependent) diabetes, type 2 diabetes, congenital heart abnormality, angina, angioplasty, coronary artery bypass surgery, heart attack, heart failure, cardiomyopathy, heart valve disease, stroke (cerebrovascular accident), transient ischemic attack (TIA), any other cerebrovascular disease, any other disorder of the heart or blood vessels, abnormal electrocardiogram (ECG), chronic renal failure or polycystic kidney disease? YES NO LEVEL 2 PREFERRED RATE ANY "YES" ANSWER: Eligible for level 1 STANDARD RATE ALL NO'S: Qualifies for PREFERRED RATE up to $100,000 Can also proceed to level 3 for PREFERRED PLUS RATE LEVEL 2 PREFERRED RATE ($5,000 to $100,000) 3) In the past two years, have you had an application for critical illness or cancer insurance declined or deferred by any insurance company, including ia Excellence? 4) Have two or more members of your immediate family (father, mother, brothers and sisters) suffered from or been diagnosed before the age of 60 with: a. Cancer? To be answered only if the primary insured is applying for critical illness optional coverage b. Heart disease, stroke or a transient ischemic attack (TIA)? YES NO 5

6 LEVEL 3 PREFERRED PLUS RATE ANY "YES" ANSWER: Eligible for level 2 PREFERRED RATE ALL NO'S: Qualifies for PREFERRED PLUS RATE up to $150,000 LEVEL 3 PREFERRED PLUS RATE ($5,000 to $150,000) 5) Has one or more members of your immediate family (father, mother, brothers and sisters) suffered from or been diagnosed before the age of 60 with: a. Breast or ovarian cancer, colorectal cancer or familial adenomatous polyposis? To be answered only if the primary insured is applying for critical illness optional coverage b. Polycystic kidney disease, Huntington s disease or motor neuron disease? YES NO 6

7 CancerGuard Quick reference guide Basic coverage Cancer (Refer to Section 2 Eligibility of the paper application or the Eligibility section on Assure&go to determine complete eligibility of the client) States of health or medical conditions Cancer coverage Standard Rate Preferred Rate Preferred PLUS Rate AIDS / HIV positive Benign tumours (fibroma, fibroadenoma, cyst) Cancer (malignant tumours) Carcinoma in situ / basal cell carcinoma Chronic renal failure or insufficiency / polycystic kidney disease Crohn s disease / ulcerative colitis Cystitis Declined for cancer If > 2 years If > 2 years Diabetes type I and type II Epilepsy High blood pressure or under treatment High cholesterol or under treatment Lupus all types Multiple sclerosis (MS), amyotrophic lateral sclerosis (ALS), ataxia (see complete list of chronic neurodegenerative diseases on page 9) Pre-cancerous tumours (i.e. of cervix uteri) Rheumatoid arthritis Family history (father, mother, siblings) before the age of 60 Standard Rate Preferred Rate Preferred PLUS Rate 1 member: breast or ovarian cancer, colorectal cancer, familial adenomatous polyposis 1 member: other cancer 1 member: any other family history 2 members: cancer 2 members: any other family history (1) subject to the Pre-existing condition clause: This coverage does not apply and no benefit will be payable if cancer and/or one of the covered critical illnesses occur within 24 months following the effective date or reinstatement date of the coverage and result from a condition for which the insured consulted or experienced symptoms leading to cancer and/or the critical illness or took medication or received medical treatment (including any diagnostic testing or investigation) during the 24 months preceding the effective date or reinstatement date of coverage. Eligible Declined 7

8 Quick reference guide CancerGuard (Cont d) Optional coverage Critical illness States of health or medical conditions Optional critical illness coverage Standard Rate Preferred Rate Preferred PLUS Rate Crohn s disease / ulcerative colitis Declined for critical illness If > 2 years If > 2 years Diabetes type I and type II Epilepsy High blood pressure or under treatment High cholesterol or under treatment Kidney stone Lupus all types Multiple sclerosis (MS), amyotrophic lateral sclerosis (ALS), ataxia (see complete list of chronic neurodegenerative diseases on page 9) Psychotic or nervous disorders / attention deficit hyperactivity disorder (ADHD) / autism Rheumatoid arthritis Family history (father, mother, siblings) before the age of 60 Standard Rate Preferred Rate Preferred PLUS Rate 1 member: polycystic kidney disease, Huntington s disease, motor neurone disease 1 member: any other family history 2 members: heart disease, stroke (cerebrovascular accident), transient ischemic attack (TIA) 2 members: any other family history Other states of health or medical conditions DECLINED at application for all steps of Critical illness optional coverage: Stroke (cerebrovascular accident), transient ischemic attack (TIA), heart attack (myocardial infarction), angina, coronary bypass, angioplasty, heart valve disease (heart murmur), abnormal ECG, chronic renal failure or insufficiency or polycystic kidney disease. Eligible Declined 8

9 Quick reference guide CancerGuard (Cont d) Optional coverage Critical illness List of the chronic neurodegenerative diseases (not eligible under Critical illness optional coverage) Alzheimer s disease Senile dementia of the Alzheimer type Primary lateral sclerosis Diffuse Lewy body disease Parkinson s disease (paralysis agitans) Pick s disease (lobar atrophy) Striatonigral degeneration Corticodentatonigral degeneration Amyotrophic lateral sclerosis (Lou-Gherig) Multi-system atrophy combining dementia with ataxia and/or manifestations of Parkinson s disease Spasmodic torticollis and other restricted dyskinesias Olivopontocerebellar atrophy (OPCA) Huntington s disease Hallervorden-Spatz disease Familial tremor Cerebellar cortical degeneration Motor neurone disease Progressive supranuclear palsy (Steele-Richardson-Olszewski) Torsion dystonia (torsion spasm, dystonia musculorum deformans) Syndrome of central autonomic nervous system failure (Shy-Drager syndrome) Multiple sclerosis (MS) Infantile spinal muscular atrophy (Werdnig-Hoffman) Juvenile spinal muscular atrophy (Wohlfart-Kugelberg-Welander) Other forms of familial spinal muscular atrophy Gilles de la Tourette syndrome Hereditary spastic paraplegia Peroneal muscular atrophy (Charcot-Marie-Tooth) Hypertrophic interstitial polyneuropathy (Dejerine-Sottas) Spinocerebellar degenerations (Friedreich s ataxia and related disorders) Pigmentary degeneration of the retina (retinitis pigmentosa) Hereditary optic atrophy (Leber s disease) Miscellaneous forms of chronic progressive neuropathy Immigrants Canadian citizens and permanent residents are eligible without any restriction. Other immigrants are eligible, whatever their status is, as long as they have been residing in Canada for 12 months and more. 9

10 The Excellence Life Insurance Company 5055 Metropolitain Blvd. East, Suite 202 Montreal (Quebec) H1R 1Z7 Tel.: Toll-free: Fax: Toll-free: Customer service intouch@iaexcellence.com iaexcellence.com INVESTED IN YOU. ia Excellence is a trademark and business name under which The Excellence Life Insurance Company operates. MB-CA6E