Designed to help middle-income Canadians ages 18 to 50 reduce the financial impact of income loss due to injury, illness and premature death, Synergy may be ideal for:
- Mortgage and debt protection
- Supplementing gaps in group disability, critical illness and life insurance coverage
- Stay-at-home and non-income earning parents and spouses
Buy between $100,000 and $500,000 of Synergy. This amount creates a pool of money called Synergy amount of insurance from which benefits are paid. Whenever a benefit is paid, the available amount of insurance (or pool of money) reduces by that amount.
Clients can benefit from their available pool of money in three ways:
Disability Insurance Policy
The monthly disability benefit amount is 0.5% of the Synergy amount of insurance.
Critical Illness Insurance Policy
The covered condition benefit amount is 25% of the Synergy amount of insurance minus any Recovery Benefit paid.
Life Insurance Policy
The death benefit is 100% of the available amount of insurance.
• Aortic surgery • Aplastic anemia • Bacterial meningitis • Benign brain tumour • Blindness • Cancer (life-threatening) • Coma • Coronary artery bypass surgery • Deafness • Dementia, including Alzheimer’s disease • Heart attack • Heart valve replacement or repair • Kidney failure • Loss of limbs • Loss of speech • Major organ failure (on waiting list) • Major organ transplant • Motor neuron disease • Multiple sclerosis • Occupational HIV infection • Paralysis • Parkinson’s disease and specified atypical parkinsonian disorders • Severe burns • Stroke
Early Intervention conditions: • Chronic lymphocytic leukemia (CLL) Rai stage 0 • Coronary angioplasty • Ductal carcinoma in situ of the breast • Papillary or follicular thyroid cancer stage T1 • Stage A (T1a or T1b) prostate cancer • Stage 1 malignant melanoma