Three Types of Insurance Coverage in One Product
Life, Disability and Income Insurance through Hudson’s Bay Financial Services is a unique insurance solution because it includes three benefits in one convenient product. With a single affordable monthly payment, you can receive life insurance coverage and disability and income benefits to help you maintain some financial security in the face of the unexpected.
An accident or illness can have devastating consequences. If you need to take time off from work to recover, your paycheque could be affected. Disability insurance coverage provides up to $500 a month while you recover. The funds can be used to help pay for costs related to living expenses or medical treatments, and you’re eligible to receive the benefit for up to six months.
Layoffs often come as a surprise, catching people off guard. Many of us will turn to our savings to get us through times of unemployment; however, a layoff or business closure doesn’t have to affect your ability to meet financial obligations. An income benefit of up to $500 a month — for up to six months — can help you pay your bills while seeking new employment.
You also have the option to add up to $10,000 in life insurance coverage to your disability and income insurance benefits. The lump-sum life insurance payment can be used by your beneficiaries to cover final expenses, tuition fees or even mortgage payments, providing some financial stability during a time of uncertainty.
Life, Disability and Income Insurance is unique because it combines three distinct insurance benefits into one convenient product that helps financially protect against involuntary job loss, accident, illness and loss of life. Coverage is virtually guaranteed for everyone between the ages of 18 and 69, and you can easily purchase it online. In addition, you can earn up to 4,000 Hudson’s Bay Rewards points when you sign up and every year on renewal.1
For more than six decades, Canadian Premier Life Insurance Company has been committed to providing financial security for Canadians who are facing uncertainties. They now insure more than 1 million Canadians from coast to coast.
1 Each Hudson’s Bay Rewards points offer is limited to one Rewards account per household. Rewards points will be issued within four to six weeks.