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Insurance
Protection that makes sense
CAA Protect Life Insurance offers free personalized assessments, competitively priced insurance products and exceptional customer service. If you’re a CAA Member, every CAA Protect policy comes with a free Will Kit2 and free access to Maple3, Canada’s leading virtual health care platform.
What is life insurance?
Life insurance is all about peace of mind – it helps ensure that your beneficiaries are equipped to deal with the financial impact of your passing. Policy payments can be made monthly, quarterly or annually. A lump sum life insurance payout means you can manage expenses like:
- Replacement income for your family
- Provisions for your dependents
- Coverage for funeral expenses
- Debt repayment
- Charitable donations
- Funding trusts or estates
What is term life insurance?
Term life insurance offers coverage for a fixed amount of time from five to 100 years. During this period, monthly or annual premiums remain the same, making it easier to manage costs. Term life insurance can be used to:
- Cover replacement income
- Pay for large expenses
- Fund university tuition
- Make mortgage payouts
What is permanent life insurance?
Permanent life insurance provides coverage for the length of your life. It’s designed to build cash over time that can be borrowed against, providing long-term financial security. Permanent life insurance can be used for:
- Estate planning
- Retirement income
- End-of-life expenses
- Lifelong need
Member Benefits
As a CAA Member you get a few extras with every CAA Protect policy.
- Free Will Kit2: Every CAA Protect life insurance policy comes with a free will kit to help you plan for the future.
- Free Maple Health3: Canada’s premier online medical services, including access to GPs, specialist advice and self-serve information.
CAA Protect - Our insurance products
Insurance FAQ
The best time to consider term life insurance is when you have financial dependents or larger financial obligations – like starting a family, getting married or applying for a mortgage.
The earlier you purchase term life insurance, the more affordable your rates will be. As we age, the risk of facing severe health issues or passing away increases, which affects insurance rates.
In Canada, most insurance providers require applicants to be Canadian citizens or residents to qualify for term life insurance. However, there are a few providers that may consider applications from non-Canadians. In such cases, the available coverage options might be somewhat limited. For CAA Protect’s Term Life Insurance coverage, applicants must be Canadian citizens or residents, and must sign their contract while in Canada, rather than overseas.
There are a lot of factors that need to be considered while determining the right amount of life insurance coverage. Book an appointment with our knowledgeable licensed advisors, who’ll review your specific needs and suggest the right coverage and term – at the right price.
Life Insurance provides peace of mind and protection for your loved ones. Your life insurance needs to evolve throughout your life, from helping ensure the financial security of your spouse and children to planning your estate – and they’ll change over the years, too. Book an appointment with our knowledgeable licensed advisors who’ll review your coverage, term and health conditions, and update your coverage as required.
The process for applying for life insurance is simple. Book an appointment with our knowledgeable licensed advisors, who’ll review your needs and suggest the right coverage and term – at the right price.
In Canada, most insurance providers require applicants to be Canadian citizens or residents to qualify for term life insurance. However, there are a few providers that may consider applications from non-Canadians. In such cases, the available coverage options might be somewhat limited. For CAA Protect’s Term Life Insurance coverage, applicants must be Canadian citizens or residents, and must sign their contract while in Canada, rather than overseas.
Need help submitting a claim? You can reach out to your insurance carrier, your advisor, call our helpline at 1-800-709-5809 or email us at info@caaprotect.ca.
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* Visit caaneo.ca/termsandconditions for offer details and full Membership Terms and Conditions.
1 Based on a plan for 10-year term with $100,000 in coverage for a 40-year-old female, non-smoker. All insurance quotes and prices are subject to medical underwriting.
2 Eligible CAA Protect Policyholders who are also CAA Members will receive a basic Will Kit free of charge
3 Eligible CAA Protect Policyholders who are also CAA Members get access to two covered visits with a general practitioner, care concierge services and 20% off oncology navigation.
Have a life insurance question? To speak to a professional who can guide you to the right coverage from the right insurer at the right price call us at: 1-800-709-5809 or email us at info@caaprotect.ca
