Product Disclosure - Product features and benefits


Our Renewable and Convertible Term products are offered on a 10-year or 20-year basis. These non-participating policies provide you with life insurance coverage to age 85, with premiums changing every 10 or 20 years (at renewal) depending on the type of plan chosen. They are ideal for temporary needs such as insuring loans, mortgage protection, the short-term funding of buy-sell agreements or simply providing extra coverage when you need it. The coverage may be converted, before age 65, to any permanent insurance plan offered by The Standard Life Assurance Company of Canada at that time, without evidence of insurability.


Key features


Our Term 10 and Term 20 products are offered at preferred rates, thanks to our Life Profiles Preferred Rates program. With a choice of five rate classes, you will enjoy a cost of insurance rate related to your personal lifestyle and medical history. The rates for renewals are determined at the issue of the policy and are guaranteed.


Issue age

Term 10: Ages 18-70
Term 20: Ages 18-65

The coverage ceases on the policy anniversary closest to the insured's 85th birthday.


Joint First To Die Coverage

Coverage for two lives and ends upon first death, unless the "Survivor's Insurance Benefit" has been chosen. Can be a base policy or a rider to a Term 10 or Term 20 insurance policy.


Plan minimum

The minimum Sum Insured is $100,000
(No maximum)


Policy fee

The annual policy fee is $65.


Benefits and riders

  • 10 year or 20 year terms
  • Protecta Critical Illness insurance riders
  • Children's protection rider
  • Children's enhanced protection rider
  • Guaranteed Insurability Benefit (GIB)
  • Accidental Death Benefit
  • Waiver of premium on disability
  • Survivor's Insurance Benefit 65 or 70

For more information on these benefits, including the guaranteed and non-guaranteed features as well as limitations and exclusions, please consult the contract provisions pertinent to each benefit.