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Final Expenses Insurance FAQs

Questions and Answers

  • Canadian residents, excluding Quebec, between 20 and 80 are guaranteed acceptance for FiftyUp Final Expenses Insurance.

  • Depending on your circumstances, final expenses insurance can be affordable. The best way to find out how much coverage will be is to request an obligation-free quote from one of our licensed advisors.

  • Canadian residents, excluding residents of Quebec, between 20 and 80 are guaranteed acceptance for FiftyUp Final Expenses Insurance.

  • The cost of final expenses insurance will depend on your level of coverage and other personal factors, such as your age, gender, and smoking status. The best way to get an accurate estimate of the cost is to request a quote from one of our licensed advisors. We’re here to help, so get in touch today.

  • No. FiftyUp Final Expenses Insurance does not require any medical checks or blood tests when you apply for coverage. As long as you are a Canadian resident, excluding residents of Quebec, between 20 and 80 years old, you are guaranteed acceptance.

  • Final expenses insurance is a great option for anyone who wants to protect their loved ones against costs after you pass away, including funeral costs and unpaid bills. Your beneficiaries receive a lump sum payment that they can put towards whatever immediate expenses they need to cover, including honouring your memory.

    It’s also a great option for people over 50 including seniors who are having trouble getting life insurance because of their health or age. FiftyUp guarantees acceptance for Canadian residents, excluding residents of Quebec, who are aged 20 to 80, with no medical or blood tests required.

  • If you’re a Canadian resident between the ages of 20 and 80, you’re eligible to apply for FiftyUp Final Expenses Insurance with guaranteed acceptance. It is not yet available to residents of Quebec.

  • During the first year of your FiftyUp Final Expenses Insurance policy, we’ll only pay a benefit for accidental death. After that we will pay the benefit for death by any cause, excluding suicide which is only covered after 24 months. [We will not pay a death benefit or refund premiums if the policy is declared void due to material omission, misrepresentation or fraud.]

  • Getting FiftyUp Final Expenses Insurance coverage is easy – all it takes is a quick phone call with one of our licensed advisors! They can help you choose the best coverage for your needs and provide an obligation-free quote over the phone. There are no medical or blood tests required to apply. Request a quote or have us call you to start your application today.

  • No. There are no medical or blood tests to take, and no intrusive questions about your health to answer.

  • You can keep your FiftyUp Final Expenses Insurance for life, as long as it remains active.

    At age 85 you can choose to cancel your coverage to receive an early cash out 75% of your benefit amount. Or if you keep your policy active, once you reach age 90, we will stop charging you premiums, but you keep your coverage.

  • How much coverage you choose will depend on your individual needs when it comes to covering your funeral costs or other final expenses. With FiftyUp Final Expenses Insurance, you can choose a level of coverage that suits you from $3,000 up to $25,000.

  • If you would like to pay by credit card, we accept Visa or MasterCard. We also accept payment by direct debit from your bank or credit union.

  • You're covered for FiftyUp Final Expenses Insurance wherever you are in the world if you’re a Canadian resident and live in Canada, excluding residents of Quebec. However, you must not have plans to move internationally when you apply.

  • An "accidental death" is a death that happens solely because of an "accident," and within 90 days after the accident has happened. Read our Policy Document to understand more about how we define an accident.

  • Yes. FiftyUp Final Expenses Insurance has a 30-day cooling off period from the day your policy starts. If you cancel your policy in this period without having made a claim, we’ll give you a full refund of premiums paid. However, you won’t receive a benefit or have any premiums refunded if your coverage is cancelled after the 30-day cooling off period.

    If you’re 85 years of age or over when you cancel your coverage, you’ll be eligible for the Early Cash Out Option and receive 75% of your coverage amount paid to you. Note: as you’ve cancelled your policy, you’ll no longer be eligible to claim.

  • FiftyUp Final Expenses Insurance is provided by Teachers Life Insurance Society (Fraternal), a federally regulated insurance provider in Canada, established in 1939.

  • Yes, we created FiftyUp Final Expenses Insurance especially with your family in mind. You can choose to cover just your own life with single cover or cover yourself and your spouse or partner with a multi-life policy.

  • Yes, you can nominate someone to receive your insurance benefit by calling us or completing a beneficiary form. You can even choose to split the money between up to five beneficiaries.

    If you don’t choose anyone to receive your benefit, it will go to the policy owner. If that’s you, the benefit will be paid to your legal personal representative (usually your Estate) or to another eligible person in accordance with Canadian law.

  • Buying FiftyUp Final Expenses Insurance coverage is simple. Request a quote here or call us at 1-844-226-69181-844-226-6918 between 8am and 8pm ET, Monday to Friday.

  • FiftyUp Final Expenses Insurance premiums are based on age, gender, and smoking status. If you’re a non-smoker, your premiums will be lower.

 
 

Get guaranteed acceptance life insurance today

Help your loved ones cover your final expenses. Speak with one of our licensed advisors to discuss the best coverage for your needs.