Do You Require Life Insurance? Portaplan Limit Increased to $600K

Portaplan, the Teachers’ Optional Life Insurance plan, is increasing the maximum coverage available from $400,000 to $600,000 per person (subject to evidence of good health and Manulife approval). This increase offers policyholders more flexibility to cover debts and provide financial benefit to loved ones in the event of death.

Why choose Portaplan?

• Portaplan rates have recently reduced making coverage both affordable and practical.
• Portaplan is a more affordable alternative to traditional mortgage protection insurance and its payouts do not decrease as the mortgage is paid off.
• Your dependants can apply for their own policies, even if you are not a policyholder.

Limited Time Offer: Portaplan is running a limited time offer until December 31, 2024. During that time, eligible teachers and their spouses who are applying for new policies can be automatically approved for up to $40,000 in term life insurance without providing evidence of good health. Apply now.

Please not, you must be under age 65 to qualify for a new Portaplan policy or a coverage increase.