New underwriting requirements
Effective October 1, 2020 

Individual Life Insurance 

As of October 1, our new evidence of insurability table for underwriting will take effect.

During the peak of COVID-19, we implemented temporary measures to relax underwriting requirements. These relaxed measures will end on September 30, 2020.
 
However, we wanted to maintain some of the benefits of the relaxed requirements in the future.
 
Great news! In keeping with our goal and the industry, we decided to take the direction of predictive analytics. This model simplifies the underwriting process by limiting as much as possible the medical examinations to individuals with a greater insurance risk.
 
Thanks to predictive analytics, we will be able to offer many clients a faster process with no medical exam.

For more details, refer to our FAQ document on predictive analytics, as well as our new underwriting requirements table. 

Changes to minimum amounts for preferred risks 

With the introduction of our new underwriting requirements table, preferred risk classes are available for term life insurance products for amounts starting from:

• $500,000 for ages 51 and above
• $1,000,001 for ages 18 and above

Critical Illness

For all applications received as of October 1, 2020, the original underwriting requirements table for critical illness will reapply.

Our temporary relaxed measures will therefore end on September 30, 2020.