iA Financial Group launches a new critical illness insurance product

Quebec City, QC (Jan. 8, 2018) – iA Financial Group has announced the launch of a critical illness insurance product designed for a younger clientele with a quick application process and affordable rates.

TRANSITION – 4 illnesses covers the four most common critical illnesses and the benefit can be used to replace lost income or pay back a mortgage loan.

The TRANSITION – 4 illnesses enrolment process has been significantly improved. Applicants are only required to answer eight simple medical questions. Electronic signature is authorized and in many cases, enrolment is instantaneous, meaning the client is covered immediately, thus making advisors’ work easier.

iA Financial Group has also made meaningful improvements to its Transition – 25 illnesses critical illness insurance product, including the addition of 25-year term insurance and flexible premium repayment options giving the client access to liquidity as early as the fifth year, as well as a reduction of rates for all term coverage. Applying for TRANSITION is quick, thanks to the EVO accelerated application platform, which includes simple medical questions.

“We are very pleased to be able to offer critical illness insurance products that are flexible and affordable, as well as being quick and easy to apply for, says Pierre Vincent, Senior Vice-President, Individual Insurance and Sales. TRANSITION and TRANSITION – 4 illnesses will make it easy to meet the needs of a constantly evolving clientele who look for personalized solutions.”

Finally, all clients who choose TRANSITION or TRANSITION – 4 illnesses will benefit, at no additional cost, from a medical second opinion service offered by MediGuide, a world leader in the field.

About iA Financial Group

Founded in 1892, iA Financial Group is one of the largest life and health insurance companies in Canada. It also operates in the United States. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.

iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.

SOURCE: Industrial Alliance Insurance and Financial Services Inc.

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