BCGREA Guaranteed Issue Life Insurance
Guaranteed Life Insurance Plan
At Last! Real peace of mind for ages 50- 85.
B.C. Government Retired Employees Association
Eligibility is Guaranteed Regardless of Health
B.C. Government Retired Employees’ aged 50 to 85 inclusive, who are residents of Canada, are guaranteed eligibility for this exceptional life insurance program developed especially for retirees and/or their spouses.
Guarantee That Your Loved Ones Will Be Taken Care of With up to $10,000.00 in Guaranteed Life Insurance At a Cost That Will Never Increase.
Choose the Coverage That Suits Your Needs
You may select $2,500, $5,000, $7,500 or $10,000 in coverage. The same amounts are available to your spouse. The amount you choose is yours for life – it will never be reduced and cannot be canceled (providing your premiums are paid).
Low Monthly Cost - Guaranteed!
Covereage When You Need It - Guaranteed!
No Medical Questions Asked - Guaranteed!
Convenient Payments - Guaranteed!
Triple Benefits Paid for Accidental Death
- If death is due to non-accidental causes and is not suicide, the death benefit is the return of all premiums paid, accrued with interest at 10%.
- If death is due to accidental causes and occurs before age 90, the death benefit is the return of all premiums paid, accrued with interest at 50%.
- If death is due to suicide, the death benefit is a return of premiums without interest.
- At age 90 or older, the death benefit is the face amount.
- If death is due to accidental causes before age 90, the benefit is three (3) times the face amount.
The above is a summary of the death benefit – Full details, including limitations and exclusions that apply to accident death, will be described in your policy.
Applying is as Easy as 1 2 3
1.
2.
.
3.
Mail your Application form and sample cheque to:
MANULIFE FINANCIAL at the address on the Application form.
It’s that easy!
Monthly Premiums
Male
| $2,500 | $5,000 | $7,500 | $10,000 | |
| Age | Coverage | Coverage | Coverage | Coverage |
| 50 to 54 | $8.50 | $17.00 | $25.50 | $34.00 |
| 55 to 59 | 11.50 | 23.00 | 34.50 | 46.00 |
| 60 to 64 | 14.75 | 29.50 | 44.25 | 59.00 |
| 65 to 69 | 19.50 | 39.00 | 58.50 | 78.00 |
| 70 to 74 | 27.25 | 54.50 | 81.75 | 109.00 |
| 75 to 79 | 36.75 | 73.50 | 110.25 | 147.00 |
| 80 to 85 | 49.50 | 99.00 | 148.50 | 198.00 |
Monthly Premiums
| $2,500 | $5,000 | $7,500 | $10,000 | |
| Age | Coverage | Coverage | Coverage | Coverage |
| 50 to 54 | $7.25 | $14.50 | $21.75 | $29.00 |
| 55 to 59 | 8.50 | 17.00 | 25.50 | 34.00 |
| 60 to 64 | 11.50 | 23.00 | 34.50 | 46.00 |
| 65 to 69 | 14.95 | 29.90 | 44.85 | 59.80 |
| 70 to 74 | 19.95 | 39.90 | 59.85 | 79.80 |
| 75 to 79 | 27.50 | 55.00 | 82.50 | 110.00 |
| 80 to 85 | 36.95 | 73.90 | 110.85 | 147.80 |
*These rates also apply to ages 85 to 100. Rates shown above are subject to change without notice. However, your rates will never increase once your application is approved.
FAQs
Can my coverage be canceled by the insurance company?
No. Provided your premiums are paid, only you can cancel your policy.
Can my premiums ever go up?
No. The monthly premium you pay when you join is the premium you will always pay – until age 100. At that time, you stop paying premiums and your policy remains in force; or if you choose, we will pay you the policy face amount.
May I keep my coverage if I leave Canada?
Yes. Once you have your policy, you are covered wherever you reside, provided you make arrangements you pay the premiums.
If I die while insured under the plan, will my spouse's coverage be cancelled?
No. You and your spouse will each be issued a separate policy. What happens to one will not affect the other.
How are benefits paid?
Risk Free Guarantee
Enroll today in complete confidence! Whey you receive your policy, take 30 days to examine it. If you are not completely satisfied, return it and you won’t be charged a penny
No questions asked!
Can We Help?
Should you require additional information, or if you have any questions about insurance coverage under the Retirees’ Benefit Program,
please call:
Martell Insurance Services
B.C. Government Retired Employees’ Association
Insurance Program Manager in Victoria at:
(250) 391-9933 or Toll Free at 1-877-228-1501
or
MANULIFE FINANCIAL
Toll Free at 1-800-668-0195
The Retirees’ Benefit Program,
Officially endorsed by the:
B.C. Government Retired
Employees Association
Martell Insurance Services
3161 ANTROBUS CRESCENT, VICTORIA, BC V9B 5M6
Phone: (250) 391-9933 / Fax: (250) 391-9380
Underwritten by:
Manulife Financial
Affinity Markets
P.O. Box 670, Stn Waterloo
Waterloo, ON N2J 4B8
Toll-free Phone: 1 800 668-0195
This webpage is designed to outline the benefits for which you are eligible and does not create or confer any contractual or other rights. All rights with respect to the benefits of an insured will be governed solely by the Policy issued by The Manufacturers Life Insurance Company.
Notice on Privacy and Confidentiality
The specific and detailed information requested on the application form is required to process the application. To protect the confidentiality of this information, Manulife Financial will establish a “financial services file” from which this information will be used to process the application, offer and administer services and process claims. Access to this file will be restricted to those Manulife Financial employees, mandataries, administrators or agents who are responsible for the assessment of risk (underwriting), marketing and administration of services and the investigation of claims, and to any other person you authorize or as authorized by law. These people, organizations and service providers may be in jurisdictions outside Canada, and subject to the laws of those foreign jurisdictions. Your consent to the use of personal information to offer you products and services is optional, and if you wish to discontinue such use, you may write to Manulife Financial at the address shown below. Your participation in the Retirees’ Benefit Program may be made known to the B.C. Government Retired Employees Association and administering broker in order to bring other products and services offered under the program to your attention.
Your file is secured in our offices or those of our administrator or agent. You may request to review the personal information it contains and make corrections by writing to:
Privacy Officer, Affinity Markets, Manulife Financial,
P.O. Box 4213, Stn A, Toronto, ON M5W 5M3.
June 2005
Dear Members and NonMembers :
Re: Guaranteed Issue Life Insurance Plan
I’m writing today to tell you about the Guaranteed Issue Life Insurance Plan, which the Executive Committee and I are pleased to endorse. This plan was designed exclusively for the B.C. Government Retired Employees’ Association.
The lowcost Guaranteed Issue Life Insurance Plan, underwritten by The Manufacturers Life Insurance Company (Manulife Financial), is available to all Public Service Pension Retirees and their spouses who reside in Canada and are between the ages of 50 and 85 years.
IMPORTANT ALERT:
The initial $1,000 Death Benefit provided by the Province of British Columbia
is no longer available to members who retired on or after January 1, 1999.
This Plan is an affordable way to pay for final expenses, so your loved ones are not left with this financial debt.
Since the provincial government no longer provides the $1,000 death benefit to your next of kin, your family may be the ones left to pay any amount owing on your estate if you fall short. Life insurance could help cover this gap.
Life insurance is also a practical way to leave a little something extra for your grandchildren or your children, for only a few dollars per month. Please take a few minutes to consider how up to $10,000 in coverage could help you and the ones you love.
Here are some key features you can enjoy when you enroll in the Guaranteed Issue Life Insurance Plan. Don’t forget, your spouse can also enroll and enjoy
these same features:
· Guaranteed coverage – you and your spouse are guaranteed acceptance for up to $10,000 in coverage without a medical examination or any health questions to answer at the time of application.
· Guaranteed low monthly cost – your premium is based on your current age and is guaranteed never to increase. At age 100, you can choose to keep your coverage without paying another premium again, or you can request your policy face amount. The choice
is left to you.
· Guaranteed coverage when you might need it most – your coverage begins on the date your enrollment form and a “VOID” cheque are received by Manulife Financial. If you like, you can request your coverage to start on a later date.
· Convenient payments – the convenient preauthorized chequing plan not only saves you time and the cost of writing cheques and mailing your premiums, it also ensures that payments are always on time.
· Simplified Enrollment – complete the enclosed enrollment form, attach a sample cheque marked “VOID” and mail it back using the preaddressed postagepaid envelope provided. It’s that quick and simple.
If you feel that you or your spouse now have the need for an additional amount of life insurance to offset final expenses and reduce the financial debt to your loved ones, you may want to participate in this excellent opportunity. The maximum coverage under this program is $10,000. If you have previously enrolled for a lower amount, you may consider increasing your coverage to the maximum, simply by taking out a second policy .
Take a closer look at what the plan has to offer you. Remember, you are guaranteed a 30 day examination of the policy after receiving it which allows you to decide, without cost or obligation, whether or not you wish to keep the coverage.
Sincerely,
Ed Bodner
Provincial President
B.C. Government Retired Employees’ Association
P.S. Imagine what the low premium and valuable features of the Guaranteed Issue Life Insurance Plan, endorsed by the B.C. Government Retired Employees’ Association, can mean in your later years. Consider it as a way to pay for your final expenses or leave a little something extra behind for a grandchild, for only a few dollars a month. If you have any questions, please contact Martell Insurance Services, our Insurance Program Manager in Victoria, at (250) 656 3999 or toll free at 1 877 228 1501 . You may also visit their website at www.martellinsurance.com.
Steps for filling out the Application Form:
Please read the following instructions
- You will need Adobe Acrobat in order to view the document, which can be downloaded for free by clicking here.
- Once that is installed you can view the document. Please print off the form to fill it out.
- After it is completed, please mail application and a sample cheque marked “VOID” to:
Manulife Financial
Affinity Markets
P.O. Box 670, Stn Waterloo
Waterloo, ON N2J 4B8
PLEASE CLICK HERE FOR THE ENROLLMENT FORM
If you are inquiring about larger amounts of Life Insurance, Critical Illness Insurance, or Long Term Care Insurance please contact us.
I have been dealing with Tom Martell for over 25 years and have always appreciated his honesty, advice and suggestions. I find it easy to make appointments with him no matter how small my concern is, his patience in explaining solutions and ideas are always appreciated. I have complete trust in his advise.
We have used your services to obtain travel insurance from Manulife since 2013. We appreciate the flexibility of the travel insurance you offer. The actual cost of travel insurance through you is also more reasonable than previous insurers we have dealt with. Your professionalism in explaining our options helped us greatly. We would recommend your services to anyone who plans to travel across Canada or internationally.