As you age, life insurance options dwindle and become more expensive. Yet the desire to ensure the well-being of your loved ones remains and grows as you get older. Thankfully, life insurance providers such as Seniors Choice offer specially designed insurance policies for Canadians between the ages of 40 and 80.
With affordable monthly payments and coverage that aligns with your needs, Seniors Choice helps you protect your loved ones.
Who Is Seniors Choice Life Insurance?
Seniors Choice is a life insurance provider that provides up to $250,000 in coverage to Canadian residents between the ages of 40 and 80. The company exclusively provides Canadian Seniors Life Insurance, a whole life insurance plan that offers flexible options for Canadians looking to have more control over their policies.
Seniors Choice requires no medical check or blood work, no policy fees, and no need for a broker. Premium costs are very competitive, and benefit funds can be used in a variety of ways.
What Does Seniors Choice Offer?
Seniors Choice offers an exclusive whole life insurance product: Canadian Seniors Life Insurance.
Whole life insurance provides coverage for your entire life, no matter how long you live. This provides you with peace of mind knowing you’ll always be covered, as long as the terms of the contract are followed. Upon your death, your beneficiaries will receive a benefit payout.
Your family can use the money they receive from your policy after your death to cover any expenses. These may include funeral costs, outstanding bills, or even your spouse’s/partner’s retirement. In this way, Canadian Seniors Life Insurance from Seniors Choice offers plenty of flexibility in how you want your insurance policy payout spent after you pass away.
Seniors Choice Life Insurance Features
Canadian Seniors Life Insurance comes with the following features:
- Qualifying Age. Canadian Seniors Life Insurance is designed for Canadian residents between the ages of 40 to 80 years.
- Coverage Amount. You may qualify for anywhere from $10,000 to $250,000 of coverage, depending on your age.
- No medical check is required. You don’t have to go through the hassle of scheduling a physical exam or getting blood work to get coverage. Just answer a few easy health and lifestyle questions to find out if you are approved.
Seniors Choice Life Insurance Benefits
Besides the flexible policy Seniors Choice life insurance offers, there are numerous other benefits seniors can enjoy.
Quick Application And Payout
It only takes a few minutes to get a quick quote and apply for a whole life insurance policy with Seniors Choice.
Moreover, Seniors Choice processes claims very quickly to ensure a quick payout.
Low Premiums
Seniors Choice life insurance premiums start as low as $14.88 per month, depending on your age and coverage amount. Plus, there are no policy fees to pay.
30-Day Grace Period
You have 30 days to decide whether your Canadian Seniors Life Insurance cater to your needs. If you change your mind during this 30-day grace period without having made any claims, you can cancel your policy and get a refund for any premiums you’ve already paid.
Terminal Illness Coverage
If you’re diagnosed with a terminal illness and are given less than 12 months to live, you’ll still be eligible for your full benefit amount upfront with Seniors Choice’s additional coverage.
No Obligation To Buy
You’re free to discuss your options with the team of insurance specialists at Seniors Choice with no pressure to purchase a policy.
No Need To Deal With A Broker
You can buy a Canadian Seniors Life Insurance policy directly from Seniors Choice without the need to shop around with a broker, as this product is exclusive to Seniors Choice
How Much Coverage Does Seniors Choice Provide?
With Canadian Seniors Life Insurance, you can get coverage for anywhere between $10,000 and $250,000, depending on your age, gender, and smoker status. Here are the maximum coverage amounts you may apply for based on how old you are when you apply for life insurance:
| Age Range | Maximum Coverage Amount |
| 40 – 60 years | $250,000 |
| 61 – 70 years | $200,000 |
| 71 – 80 years | $150,000 |
What Factors Affect My Insurance Premiums?
With Canadian Seniors Life Insurance, premiums start as low as $14.88 per month*. Your premium amounts are based on several important factors, including the following:
- Coverage amount
- Age
- Gender
- Smoker status
Generally speaking, a younger, healthier person who doesn’t smoke may qualify for lower premiums compared to an older smoker with ongoing health issues.
Will My Insurance Premiums Increase?
Yes, your life insurance premiums are recalculated every year. These recalculations are based on your age and the 3% automatic benefit amount increase.
You may ask Seniors Choice not to apply the automatic benefit amount increase at any time. In this case, your benefit amount won’t increase at the next policy anniversary. Instead, your premium will increase based solely on your age.
Do note that if you opt out of 3 consecutive increases, the 3% automatic benefit increases will be removed permanently.
How To Apply With Seniors Choice
You can start the process of getting a quote with Seniors Choice in one of the following ways:
| By Telephone | Call Seniors Choice at 1-844-934-0923 from Monday to Friday, 9 am to 8 pm ET (excluding holidays), and a representative will help you get a quote and apply for a life insurance policy. |
| Online | Simply click the “Get a Quick Quote” button at the top right-hand corner of the Seniors Choice homepage and follow these steps: |
Steps To Apply Online
Follow these steps to apply for Seniors Choice Life Insurance online:
- Step 1. Enter your full name and check the box that says “I confirm I am aged between 40 and 80 years old.”
- Step 2: Confirm your province of residence to get a more accurate quote.
- Step 3: Enter your phone number and email address, and a Seniors Choice local trusted advisor will reach out to you to discuss your options and provide you with an accurate quote based on the information you provide.
How Do I File A Claim?
To file a claim, you or your beneficiaries must email claims@seniorschoice.ca. Seniors Choice will send out a form to be filled out and returned with the required documentation. Once the claim is approved, the benefit payout will be sent to the person(s) named in your policy.
Is Seniors Choice Safe?
Seniors Choice will only collect and disclose your personal information upon your explicit consent. The collection and disclosure of your personal data is conducted solely for identified purposes allowed under the law.
Seniors Choice also implements robust safeguards to keep your personal information safe from theft, loss, copying, or unauthorized disclosure. Only Seniors Choice employees, partners, and service providers are permitted to access your data.
What Do Customers Think Of Seniors Choice?
Seniors Choice is highly rated among consumers:
| Trustpilot | 4.8/5 stars |
| Feefo | 4.7/5 stars |
| REVIEWS.io | 4.8/5 stars |
| 4.6/5 stars |
How Do I Contact Seniors Choice?
You can contact Seniors Choice in one of the following ways:
- By phone: 1-844-934-0923
- By mail: Seniors Choice, PO Box 64004, Royal Bank Plaza, Toronto, ON M5J 2T6
