Express Plan: Guaranteed Issue Life Insurance

Benefits and Features

Blue Cross’s Express Plan is a great choice for those who are concerned about their current state health and any potential issues their condition may cause in the future. The policy also ensures that your dependents will have the funds in place to manage your final expenses when you pass away.

The plan allows you to select up to $20,000 worth of insurance. The amount of coverage you receive varies based on your age, as shown in the table below.

• 40 to 64 years old - Coverage range from $2,000 to $20,000
• 65 to 70 years old - Coverage range from $2,000 to $6,000
• 71 to 79 years old -Up to $2,000 coverage

What are the eligibility requirements?

In order to be eligible for the benefits of the Blue Cross guaranteed issue plan, you must:

• Not be disabled in any way
• Not have been diagnosed with breast cancer
• Not be hospitalized or waiting to be hospitalized
• Not have or have been diagnosed with pre-AIDS or AIDS
• Complete the Declarations section of the application form
• Be a beneficiary according to your province’s legislation for health and hospital insurance
• Not have been diagnosed or treated for any other form of cancer within the past five years

What are the limitations?

The Blue Cross guaranteed issue plan has a number of limitations based on certain situations:

• Reimbursement of premiums for death benefits will only apply if the death occurs within the first six months after the signing of the insurance contract
• If the insured individual succumbs to heart disease between the 12th and 24th month of coverage or reinstatement of coverage, the amount insured is restricted to 50% of the pre-determined amount of insurance (no less than $2,000)
• If the insured individual commits or attempts to commit suicide within the first 24 months after the effective date of the coverage benefit, the coverage will become null and void. This applies whether or not the insured individual is in a sound state of mind at the time he or she commits suicide

Similar Blue Cross Insurance Products

• Life

Life

• Express Plan: Guaranteed Issue Life Insurance
• Mortgage Plan: Mortgage Life Insurance
• Mortgage Plan: Disability Insurance
• Express Plan: Life, Accidental Death and Loss-of-Use Insurance for Children
• Tangible Life Insurance: Hybrid Plan
• Global Plan: Term to 65

Additional resources

Learn more about your life insurance options from these informative articles.