No medical questions. Approved regardless of health history, including diabetes, cancer or heart conditions.
Guaranteed issue life insurance
$5,000 to $50,000 · ages 18 to 69
No medical questions. Approved regardless of health.
- If death in the first 2 years isn’t accidental, premiums paid are returned instead of the benefit.
- Natural causes: The amount
- Natural causes in the first 2 years: Premiums paid returned
- Accidental death: 4 times the amount, less any Living Benefit paid
- Living Benefit (terminal illness): 50% of the amount
Guaranteed issue critical illness
$5,000 to $75,000 · ages 18 to 64
No medical questions for Tier 1.
- A condition you had medical advice, tests, diagnosis or treatment for in the 24 months before coverage starts isn’t covered in the first 24 months.
- Cancer, including ductal carcinoma in situ (DCIS) and early-stage prostate cancer (T1a or T1b) treatment, has a 90-day exclusion.
- Tier 1: Guaranteed issue, up to $75,000
- Covered conditions: 25, including cancer, heart attack and stroke
- Ages: 18 to 64, coverage to age 70
Accidental death & dismemberment
$50,000 to $300,000 · ages 18 to 64
No medical questions.
- Pays only for accidents: death, or the injuries listed in the policy.
- Benefit: Tax-free lump sum, up to $300,000
- Ages: 18 to 64, coverage to age 70; guaranteed issue
- Price: One price at every age
- Coverage: Single. Family coverage requires an EDGE Loss of Income plan.
Child Critical Illness Rider, $6.00 a month, with critical illness: $10,000 per child, from birth to age 21. Adds 4 conditions: cerebral palsy, cystic fibrosis, Down syndrome and muscular dystrophy.
The 25 covered conditions
Diagnosed after the effective date.
- Aorta surgery
- Aplastic anemia
- Bacterial meningitis
- Benign brain tumour
- Blindness
- Cancer
- Cancer recurrence
- Coma
- Coronary artery bypass surgery
- Deafness
- Dementia, including Alzheimer’s disease
- Dismemberment
- Heart attack
- Heart valve replacement or repair
- Loss of independence
- Loss of speech
- Motor neuron disease
- Multiple sclerosis
- Major organ failure
- Major organ transplant
- Occupational HIV infection
- Paralysis
- Parkinson’s disease
- Severe burns
- Stroke
Limitations
- Pre-existing conditions: A condition you had medical advice, tests, diagnosis or treatment for in the 24 months before coverage starts isn’t covered in the first 24 months.
- 90-day exclusion: Cancer, including ductal carcinoma in situ (DCIS) and early-stage prostate cancer (T1a or T1b) treatment, has a 90-day exclusion.
- Tier 2: An additional $25,000 or $50,000, up to $125,000 in all, with simplified qualification (health questions), only when the $75,000 Tier 1 maximum is chosen or in force. Ask a licensed advisor.
Key facts
- Who can apply: Life: ages 18 to 69, coverage to age 75. Critical illness and AD&D: ages 18 to 64, coverage to age 70.
- Residency: Life and critical illness: Canadian citizens and permanent residents. AD&D: non-residents must have a work permit.
- Approval: No medical questions. Approved regardless of health history, including diabetes, cancer or heart conditions.
- Critical illness: A condition you had medical advice, tests, diagnosis or treatment for in the 24 months before coverage starts isn’t covered in the first 24 months.
- Living Benefit: If you’re diagnosed with a terminal illness with a prognosis of death within 12 months, EDGE pays 50% of the amount at diagnosis and the other 50% after death. The advance can be used for anything you and your family need.
- Rates: Rates are age-banded and increase with the age bands during the life of the policy.
- Spouse: You and your spouse apply together: one application, one EDGE form each.
- Life insurance: Coverage must be applied for, signed by, and paid by the insured.
- AD&D: Accident Medical Reimbursement is included only for EDGE Loss of Income policyholders.
Example monthly prices
The EDGE Benefits’ OCT26 rates, a month. Each age band has one price.
| Age band | $10,000 | $25,000 | $50,000 |
|---|---|---|---|
| Ages 30 to 34, male | $5.88 | $14.71 | $29.42 |
| Ages 30 to 34, female | $3.85 | $9.63 | $19.26 |
| Ages 40 to 44, male | $8.71 | $21.77 | $43.54 |
| Ages 40 to 44, female | $6.46 | $16.14 | $32.28 |
| Ages 50 to 54, male | $16.99 | $42.48 | $84.96 |
| Ages 50 to 54, female | $12.36 | $30.90 | $61.80 |
| Ages 60 to 64, male | $38.17 | $95.42 | $190.84 |
| Ages 60 to 64, female | $25.00 | $62.51 | $125.02 |
| Ages 65 to 69, male | $58.38 | $145.95 | $291.90 |
| Ages 65 to 69, female | $38.53 | $96.33 | $192.66 |
| Age band | $25,000 | $50,000 | $75,000 |
|---|---|---|---|
| Ages 30 to 34 | $6.58 | $13.17 | $19.75 |
| Ages 40 to 44 | $15.92 | $31.83 | $47.75 |
| Ages 50 to 54 | $45.17 | $90.33 | $135.50 |
| Ages 60 to 64 | $120.67 | $241.33 | $362.00 |
| Coverage | $50,000 | $100,000 | $200,000 | $300,000 |
|---|---|---|---|---|
| Single, ages 18 to 64 | $6.00 | $12.00 | $24.00 | $36.00 |
Exact monthly rates from The EDGE Benefits’ OCT26 rate guide. Rates include provincial tax where applicable. The policy governs.