With Canadian Seniors Life Insurance, you can apply for a minimum of $10,000 and a maximum $250,000 worth of coverage depending on your age. Your age, gender and smoker status will all have an impact on the amount of coverage you can apply for. The amount of coverage you apply for will determine the amount you will pay each month for your premiums. When applying, it’s important to take the time to consider what coverage amount would be right for you and your situation.
Here are the maximum benefit amounts that you can apply for depending on your age at the time of applying:
40 – 60 (Maximum $250k)
61 – 70 (Maximum $200k)
71 – 80 (Maximum $150k)