Facts & Information Page:
Scotia Life Insurance - Canada

Canadian Money Advisor Rank

Product Names

Product Name


Scotialife Term 10 Insurance

Scotialife Term 20 Insurance

Scotialife Term To 100 Insurance

COMPANY CONTACT INFORMATION:

Scotia Life Insurance
44 King Street
Toronto, ON M5H 1H1
Website:http://www.scotialifefinancial.com
Facebook URL:https://www.facebook.com/ScotiaLifeFinancial

Customer Service Phone: 416-866-7075
Customer Service Fax:
Contact's Phone:1-877-421-0157
COMPANY INFORMATION AND BIOGRAPHY:


Scotia Life Insurance is recognized as a strong consumer demand for insurance products with investment alternative that could be accessed through retail bank branches in Jamaica. Scotiabank came up with a protected and secured insurance policy that, when combined with a long-term savings and investment plan, it would leverage wealth over time. As a result, in October 1995, Scotia Jamaica Life Insurance Company Limited was incorporated as a completely owned subsidiary of Scotiabank Jamaica, and on June 16, 1998, SJLIC was launched with its flagship product, ScotiaMINT. ScotiaMINT then went on to show its worth as the company sold more than 2,400 policies, with policyholders' funds of $358 million, during the first year of operation. This launched ScotiaMINT on the path to success. Now, with a sales force of 46 agents, SJLIC has a customer base of more than 57,000 policyholders with policyholders' funds of more than $17 billion. ScotiaMINT is obtainable in Scotiabank locations island-wide. It is sold by licensed and trained SJLIC agents. In 2002, SJLIC commenced issuing Single Premium and Level Premium Credit Life Protection Insurance to the borrowing customers of Scotiabank Jamaica. In 2003, it began providing revolving credit life protection insurance for the Bank's credit card and ScotiaLine Gold account holders. Currently, more than 39,000 loans have insurance coverage of approximately $7.6 billion. In 2005, as it celebrated its seventh anniversary, SJLIC introduced a feature enhancement to its ScotiaMINT product, called ScotiaMINT Gold. ScotiaMINT Gold grants optional life insurance coverage to ScotiaMINT policyholders of up to $2 million.


Product Name Product Description
Scotialife Term 10 Insurance


If You Are Searching For A Reasonably Priced Solution To Protect Your Family’s Needs For At Least 20 Years, Then Scotialife Term 20 Insurance May Be Best For You. Scotialife® Term 20 Insurance Grants An Easy And Handy Process To Submit An Application For Up To $250,000 In Insurance Coverage To Protect Your Loved Ones. Canadian Residents 18 To 55 Years Of Age Are Entitled To Apply. If You Are Approved, You Will Have Long Term Peace Of Mind Knowing, That Your Rate Is Guaranteed And Your Family Is Protected For The Next 20 Years. It Makes Sense To Apply Now. In As Little As One Year, You Could Be Paying More For The Same Amount Of Life Insurance You Can Buy Today. Or, A Change In Your Health May Make It Difficult To Get Coverage Later. The Benefits That You Get Out Of The Insurance Policy Are Great And Valuable. The Death Benefit Is Paid As A Lump Sum Directly To The Person You Designate As Your Beneficiary. The Terminal Illness Benefit, If Applicable, Is Paid Directly To You. Scotialife Term 20 Insurance Offers Choices Of Coverage Amounts To Meet Up Your Needs From $25,000 To $250,000. The Rate Is Affordable And There Are Cost Savings On Higher Benefit Amounts That Is Twice The Coverage But Does Not Cost Twice As Much. No Medical Examination Required To Apply. All You Need Is Simply 6 Short Health/lifestyle Questions That Are Necessary To Be Answered. With Guaranteed Premiums, The Rate You Begin At The Rate You Will Stay At For The Full 10 Year Term Of Coverage. Your Locked In Rate Is Based On Your Age, Gender, Smoking Status, And The Benefit Amount You Have Opted For. Automatic Renewal With Guaranteed Rates If You Will Keep On Paying Your Premiums, Your Coverage Will Automatically Renew At The End Of Each 10 Year Term Not Needing To Re-qualify. Your Coverage Can Carry On Until The Age Of 75. Your Renewal Rates Are Guaranteed At The Time You Are Approved. Special Terminal Illness Benefit Will Give You With Up To 50% Of Your Life Insurance Benefit While You Are Alive, If After 2 Years Of Coverage You Are Identified With A Specified Disease And Given 12 Months Or Less To Live. 30-day Money-back Assurance Is Given If You Are Not Totally Satisfied With Your Policy. You Can Return It To Us Within 30 Days, And Any Premiums Paid Will Be Promptly Refunded.

Scotialife Term 20 Insurance


If You Are Searching For A Reasonably Priced Solution To Protect Your Family’s Needs For At Least 20 Years, Then Scotialife Term 20 Insurance May Be Best For You. Scotialife® Term 20 Insurance Grants An Easy And Handy Process To Submit An Application For Up To $250,000 In Insurance Coverage To Protect Your Loved Ones. Canadian Residents 18 To 55 Years Of Age Are Entitled To Apply. If You Are Approved, You Will Have Long Term Peace Of Mind Knowing, That Your Rate Is Guaranteed And Your Family Is Protected For The Next 20 Years. It Makes Sense To Apply Now. In As Little As One Year, You Could Be Paying More For The Same Amount Of Life Insurance You Can Buy Today. Or, A Change In Your Health May Make It Difficult To Get Coverage Later. The Benefits That You Get Out Of The Insurance Policy Are Great And Valuable. The Death Benefit Is Paid As A Lump Sum Directly To The Person You Designate As Your Beneficiary. The Terminal Illness Benefit, If Applicable, Is Paid Directly To You. Scotialife Term 20 Insurance Offers Choices Of Coverage Amounts To Meet Up Your Needs From $25,000 To $250,000. The Rate Is Affordable And There Are Cost Savings On Higher Benefit Amounts That Is Twice The Coverage But Does Not Cost Twice As Much. No Medical Examination Required To Apply. All You Need Is Simply 6 Short Health/lifestyle Questions That Are Necessary To Be Answered. With Guaranteed Premiums, The Rate You Begin At The Rate You Will Stay At For The Full 10 Year Term Of Coverage. Your Locked In Rate Is Based On Your Age, Gender, Smoking Status, And The Benefit Amount You Have Opted For. Automatic Renewal With Guaranteed Rates If You Will Keep On Paying Your Premiums, Your Coverage Will Automatically Renew At The End Of Each 10 Year Term Not Needing To Re-qualify. Your Coverage Can Carry On Until The Age Of 75. Your Renewal Rates Are Guaranteed At The Time You Are Approved. Special Terminal Illness Benefit Will Give You With Up To 50% Of Your Life Insurance Benefit While You Are Alive, If After 2 Years Of Coverage You Are Identified With A Specified Disease And Given 12 Months Or Less To Live. 30-day Money-back Assurance Is Given If You Are Not Totally Satisfied With Your Policy. You Can Return It To Us Within 30 Days, And Any Premiums Paid Will Be Promptly Refunded.

Scotialife Term To 100 Insurance


Scotialife® Term To 100 Insurance Offers You Affordable And Convenient Lifetime Coverage. If You Are 18 To 65 Years Old And A Canadian Resident, You Can Apply For Up To $250,000 In Coverage. This Permanent Insurance Protects You For Your Whole Life And Provides Funds That Can Be Used For Your Final Expenses. It Makes Sense To Apply Now. In As Little As One Year, You Could Be Paying More For The Same Amount Of Life Insurance You Can Buy Today. Or, A Change In Your Health May Make It Difficult To Get Coverage Later. The Benefits That You Get Out Of The Insurance Policy Are Great And Valuable. The Death Benefit Is Paid As A Lump Sum Directly To The Person You Designate As Your Beneficiary. The Terminal Illness Benefit, If Applicable, Is Paid Directly To You. Scotialife Term To 100 Insurance Offers Life-time Protection In Which Your Coverage Continues For Life. Premiums Stop Being Collected At Age 100. The Choice Of Coverage Amounts To Meet Your Needs From $25,000 To $250,000. Affordable Rates Are Given. Our Rates Are Very Competitively Priced. There Are Also Cost Savings On Higher Benefit Amounts So Twice The Coverage Doesn\'t Cost Twice As Much. Guaranteed Premiums As Your Rates Never Increase. No Medical Examination Needed To Apply. Just 6 Short Health/lifestyle Questions Need To Be Answered. Special Terminal Illness Benefit Will Provide You With Up To 50% Of Your Life Insurance Benefit While You Are Alive, If After 2 Years Of Coverage You Are Diagnosed With A Specified Disease And Given 12 Months Or Less To Live. 30-day Money-back Guarantee Is Provided If You\'re Not Completely Satisfied With Your Policy, Simply Return It To Us Within 30 Days, And Any Premiums Paid Will Be Promptly Refunded.