Industrial Alliance Insurance and Financial Services (iA Financial Group), a Canadian insurance company, has unveiled a critical illness insurance plan known as Transition – 4 that covers the four most common critical illnesses.
Designed for a younger clientele with a quick application process and affordable rates, the new insurance product also provides the benefits that can be used to replace lost income or pay back a mortgage loan.
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In order to buy the new insurance plan, applicants are required to answer eight simple medical questions.
iA Financial Group senior vice-president of individual insurance and sales Pierre Vincent said: “We are very pleased to be able to offer critical illness insurance products that are flexible and affordable, as well as being quick and easy to apply for, says Pierre Vincent.
“TRANSITION and TRANSITION – 4 illnesses will make it easy to meet the needs of a constantly evolving clientele who look for personalized solutions.”
Additionally, iA Financial Group has improved its Transition – 25 illnesses critical illness insurance product, by incorporating 25-year term insurance and flexible premium repayment options. Besides giving the client access to liquidity as early as the fifth year, the company has also slashed rates for all term coverage.
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By GlobalDataAll clients who opt to buy TRANSITION or TRANSITION – 4 illnesses will benefit, at no additional cost, from a medical second opinion service offered by MediGuide.
