Why is Blue Cross Life® Insurance better?


Your Coverage

Under 45? Get up to $1,000,000 with no medical exam*.

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Get a quote, talk to a representative and sign up online at your convenience at 1-800-873-2583.

*Some conditions apply.

Why FlexTerm is better

Easy answers to tough questions

Life Insurance can be very comforting to you and your loved ones. It provides a one-time payout to your loved ones, giving you the peace of mind you need. When you purchase a policy, you choose an amount and indicate who you want the money paid to in the event you pass away.

To give you confidence, it’s important for you to understand how it works. For most policies, you pay a monthly or annual fee for an amount of coverage on your life. If you pass away with this coverage, your loved ones named in the policy can make a claim for the amount of money insured. You can take comfort knowing that the money is tax-free and can be used for anything they need like funeral expenses, paying off a mortgage and more.

Everyone has different needs. Most Canadians who are married, own a home, have children or significant financial commitments want the peace of mind that comes with Life Insurance. The money you leave behind can help your loved ones reduce their financial stress as they struggle with your passing.

Your needs are unique.  That’s why we have a simple, coverage calculator to help you find the right coverage to protect your loved ones.

Life Insurance is more affordable than you might think.  For a cost similar to your monthly cell phone bill you can ensure financial peace of mind for you and your loved ones.

It’s simple. The good news is that you can get a quote in seconds and purchase online in about 15 minutes. If you need extra support or guidance, we are also happy for a local Blue Cross representative to listen to your needs, give you helpful advice and walk you through the process. To schedule a call 1-800-873-2583.

Solutions for every stage of life

We offer many options, so you can choose what fits your needs.

Term Life Insurance

We offer three types of coverage for a fixed period of time, choose:

  • 10-year term
  • 20-year term
  • 25-year term

Contract Sample For complete plan details on Blue Cross Life Insurance - FlexTerm®, underwritten by Assumption Life, including definitions and exclusions, please review the contract sample.
  • Level term life insurance (A level term policy pays the same benefit amount if death occurs at any point during the term.)
  • This is an underwritten product and may include medical requirements. However, some clients may qualify for underwriting without any medical exams.
    • People aged 18 to 45, applying for coverage up to $999,999.
    • People aged 46 to 50, applying for coverage up to $499,999.
    • People aged 51 to 60, applying for coverage up to $249,999.
    • People aged 61 to 65, applying for coverage up to $99,999.
    • People aged 66 to 69, applying for coverage up to $50,000.
  • This product must be medically underwritten for people aged 70 to 75.
  • Life insurance premiums remain the same for the duration of the term selected.
  • Yearly Renewable Term (YRT) renewable up to age 90 and convertible up to age 75.
  • Built-in benefits:
    • Term Exchange Option
    • Insurability Benefit
    • Extreme Disability Benefit
  • Available with smoker and non-smoker rates.
  • Available as an individual policy.
Issue Ages 18 to 75 years of age
Age maximum is 85 minus term duration selected
Terms 10, 20 or 25
Minimum Coverage $50,000
Maximum Coverage $10,000,000
Rate Bands
  • $50,000 - $99,999
  • $100,000 - $249,999
  • $250,000 - $499,999
  • $500,000 - $999,999
  • $1,000,000 - $10,000,000
Annual Fee Policy $60
Critical Illness Add on (rider) $0
  • Renewal is automatic; no medical exam required.
  • Renewal premium rates are guaranteed.
  • The insurance coverage will renew annually until the policy anniversary nearest the insured’s 90th birthday.
Term Exchange Option
Right to modify the term of the coverage
  • The term of this policy may be extended to a longer term, for a sum insured equal to or less than the sum insured under this Blue Cross Life Insurance - FlexTerm® policy after the first month, but before the 5th coverage anniversary, without proof of insurability.
  • The premium for the new policy is based on the sex and age of the insured as of the date of issue of the new policy, in accordance with the premium rate in force at this date.
  • The right to exchange the term of the coverage may only be exercised once.
Insurability Benefit
  • This benefit allows insured to increase the initial insurance amount, without new evidence of insurability, when the obtaining a new loan such as a mortgage loan, increasing an existing loan, or upon any of the following events:
    • Marriage, divorce, adoption or childbirth, obtainment of a bachelor’s degree, a master’s degree or a doctorate.
  • May be increased before age 60 up to 25% of initial insurance amount up to $125,000, if the insured is not disabled.
  • The Insurability Benefit must be exercised within 60 days following the events mentioned above.
  • The premium for the new policy is based on the sex and age of the insured as of the date of issue of the new policy or rider, in accordance with the premium rate in force at this date.
Extreme Disability Benefit
  • Before age 60, 50% of the sum insured may be payable in advance up to $250,000, if the insured is in a state of extreme disability for continued period of 6 months.
  • Extreme disability means the insured is affected by a medical condition that renders him or her in a state of total and irrecoverable disability as a result of which the insured cannot perform four (4) out of the following six (6) activities of daily living without a reasonable expectancy of recovery as determined by a physician:
    • Bathing, dressing, toileting, bladder and bowel continence, transferring or feeding.
  • The Blue Cross Life Insurance - FlexTerm® policy may be converted to a permanent Life Insurance policy offered by Blue Cross Life and underwritten by Assumption Life for this conversion privilege without proof of insurability, for the sum insured on the date the conversion privilege is exercised.
  • The conversion privilege is available from the first Blue Cross Life Insurance - FlexTerm® policy anniversary.
  • The conversion privilege terminates on the Blue Cross Life Insurance - FlexTerm® policy anniversary nearest the insured’s 75th birthday
Riders The following additional benefit may be added to the Blue Cross Life Insurance - FlexTerm® policy as an add on (rider) and must be issued at the same time.
  • Critical Illness Add on (rider)

Critical Illness Insurance

Coverage when you need it most.
Add Critical illness to your policy for complete peace of mind. Find out more 

Description This additional coverage will pay a lump sum benefit if the insured person is diagnosed with one of the 16 covered critical illnesses and survives the survival period specified in the contract.
Contract Sample For complete product details, including definitions and exclusions, please consult the contract sample.
  • Available with the policy and must be issued at the same time
  • Term Critical Illness Insurance with level sum insured.
  • 16 covered critical illnesses.
  • Same questionnaire as for the Life Insurance coverage to which it is attached.
  • Simplified issue (all answers to medical and lifestyle questions must be in the negative).
  • Guaranteed level premiums for the term selected.
  • Available with smoker and non-smoker rates.
  • Renewable until the rider anniversary nearest to the insured’s 75th birthday.
  • If the Life Insurance coverage terminates before its anniversary nearest to the insured’s 75th birthday, the critical illness add on (rider) will also terminate.
Covered Critical
  • 1. Accidental loss of limbs
  • 2. Aortic surgery
  • 3. Aplastic anemia
  • 4. Bacterial meningitis
  • 5. Blindness
  • 6. Cancer (life-threatening)
  • 7. Coma
  • 8. Coronary artery bypass surgery
  • 9. Heart attack
  • 10. Heart valve replacement or repair
  • 11. Kidney failure
  • 12. Major organ failure on waiting list
  • 13. Major organ transplant
  • 14. Paralysis due to an accident
  • 15. Severe burns
  • 16. Stroke (cerebrovascular accident)
Terms 15, 20 or 25 years
Issue Ages
  • T-15 - 18 to 60 years of age
  • T-20 - 18 to 55 years of age
  • T-25 - 18 to 50 years of age
Minimum Coverage $10,000
Maximum Coverage $50,000, without exceeding 50% of the initial Life Insurance coverage. The sum of all Critical Illness add on (rider) in force with Blue Cross Life and underwritten by Assumption Life for a single insured cannot exceed $50,000.
Exclusion for pre-existing condition No critical illness insurance benefit is payable if the insured suffers from a covered critical illness at any time during the 12-month period following the later of:
  1. The effective date of this rider; or
  2. The date of its most recent reinstatement, if applicable;
and the diagnosed critical illness results directly or indirectly from an illness or condition for which, during the 12-month period prior to the later of the two dates above, the insured:
  1. ​Showed signs or symptoms, or underwent tests or investigations; or
  2. Received a diagnosis or has been treated, hospitalized or under the care of a physician; or
  3. Was recommended to seek treatment or to consult a physician; or
  4. Was prescribed or took medication.

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* Disclaimer: For informational purposes only. Not a binding recommendation.


Minimum amount is $50,000.

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