As you age, life insurance options may dwindle and could 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 insurance policies for older Canadians.
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, depending on your age and personal circumstances,1 to Canadian residents between the ages of 40 and 802. The company exclusively provides Canadian Seniors Life Insurance, a 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; you just need to answer a few health and lifestyle questions. 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 life insurance product: Canadian Seniors Life Insurance.
Life insurance can provide 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 help 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 years2.
- Coverage Amount. You may qualify for anywhere up to $250,000 of coverage, depending on your age and personal circumstances.1
- 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 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 life insurance policy with Seniors Choice.
Moreover, Seniors Choice strives to pay out claims fast, with a straightforward claims process.
Low Premiums
Seniors Choice life insurance premiums start as low as $14.88 per month3.
30-Day Grace Period
You have 30 days to decide whether your Canadian Seniors Life Insurance caters 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 illness4 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 up to $250,0001, depending on your age and personal circumstances. 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 month3. Your premium amounts are based on several important factors, including the following:
- Coverage amount
- Age
- Gender
- Smoker status
- Health and lifestyle
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 1-844-840-0276 from Monday to Friday, 9 am to 9 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. |
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 | 4.9/5 stars |
| Feefo | 4.7/5 stars |
| REVIEWS.io | 4.8/5 stars |
| 4.9/5 stars |
How Do I Contact Seniors Choice?
You can contact Seniors Choice in one of the following ways:
- By phone: 1-844-840-0276
- By mail: Seniors Choice, PO Box 64004, Royal Bank Plaza, Toronto, Ontario
Seniors Choice FAQs
How much does life insurance with Seniors Choice cost?
Premiums start as low as $14.88 per month3. Your premium amounts will be based on various factors, including your age, gender, smoker status, health, lifestyle, and coverage amount.
Is suicide covered?
Yes. With Canadian Seniors Life Insurance, you’re covered immediately5 for death by any cause except for suicide within the first 2 years.
Where is Seniors Choice available?
Seniors Choice is available to all Canadian residents except Quebec.
Can I get life insurance if I’m a smoker?
Yes, you can get approved for a life insurance policy if you smoke. However, your premiums may be more expensive because your insurance provider will be assuming more risk.
How can I make changes to my policy?
You can ask to have your policy modified at any time and at no cost by emailing inquiries@seniorschoice.ca.
What happens if I miss any monthly payments?
If you miss a premium payment, reach out to Seniors Choice right away to work out an arrangement and ensure that your coverage is maintained. If you miss two monthly payments in a row, your policy will be cancelled.
1.Terms and Conditions apply.
2. If you’re a Canadian Resident aged 40-80, you can choose the right amount of coverage for you. Terms and Conditions apply.
3Based on a 51-year-old female non-smoker with $20,000 of coverage, in the first year. Terms and Conditions apply.
4. Terminal Illness (with 12 months or less to live) must be diagnosed by a medical specialist. Terms and Conditions apply.
5. Depending on your health at the time of applying. Suicide is not covered for the first 24 months.
Seniors Choice Insurance Agency is a trading name of licensed insurance agencies Neilson Financial Services Inc., incorporated and registered in Ontario at 130 King St W, 10th Floor, Toronto, ON M5X 2A2 & Neilson Insurance Services Canada Inc., incorporated and registered in Alberta at 850 – 2nd Street SW, 15th Floor, Bankers Court, Calgary, AB T2P 0R8. This product is underwritten by Canadian Premier Life Insurance Company (Securian Canada) who is authorized and regulated by OSFI and the provincial insurance regulators, with permission to effect and carry out contracts of life insurance. Canadian Premier Life Insurance Company (Securian Canada) is incorporated and registered in Canada whose registered office is at 25 Sheppard Ave. West, Suite 1400, Toronto, Ontario, M2N 6S6, 1-844-894-0378.
