@pprove is Federated Life's e-commerce sales support tool. Facilitating
the important role of the Life Insurance Broker by bringing the client
to the underwriter, the @pprove process greatly simplifies the process
of applying for and issuing protection products.
| Eligibility |
Schedule of Benefits |
| Age at issue |
Term 10 18 - 65 (age nearest birthday) |
| Term 10 |
Term 20 |
Minimum Amount
(all ages) |
$25,000 |
Term
(all ages) |
$25,000 |
| Maximum Amount |
Maximum Amount |
| age 18-65 |
$250,000 |
age 18-55 |
$250,000 |
| Plan Types |
Ten Year Renewable Term to age 75
Twenty Year Renewable Term to age 75 |
|
| |
Term 20 18 - 65 (age nearest birthday) |
| Place of residence |
We are able to consider application for coverage only
from residents of Canada. Individuals who intend to reside
outside of Canada are ineligible.
Persons applying for life insurance must have Canadian
citizenship or landed immigrant status and have no
intention of returning to his/her native land except
as an occasional visitor. |
| Knowledge of English or French language |
The sale of this product is limited to those who are
able to speak, read and write English or French. |
Where can I purchase @pprove?
 @pprove by Federated Life insurance is only sold through
licensed agents and brokers. Medical questions will be asked,
just basic information is required. Potential clients must
be healthy to apply.
@pprove is only sold online, so no agent will need to visit
you. Visa, Mastercard and American Express are welcome. Monthly
automatic credit card payments can be changed after initial
transaction to monthly pre-authorized bank withdrawals.
What insurance products are available with @pprove online?
- Term Life Insurance 10-20 year Term: maximum $250,000
- Disability Insurance: Maximum $3,000/month
- Critical Illness Insurance: Maximum $100,000
Nothing equals @pprove's responsiveness to both the client
and broker. The program combines a specifically designed
suite of competitive protection products with web-accessible
e-commerce tools allowing the broker to quote, sell, underwrite,
and issue coverage electronically.
There is no simpler or faster way to complete the process
of selling and issuing insurance coverage.
Federated Life Insurance
Federated
Life Insurance Company of Canada is a 100% wholly owned
subsidiary of Fairfax
Financial Holdings Ltd. Federated operates independently
but is backed by the resources of Fairfax with assets in
excess of $32 billion. Federated has had a presence in
the Canadian insurance industry since the early 1920's.
The Application@pprove provides online premium tables and
an electronic quoting calculator to make quotes timely and
accurate. The application itself can be filled out and sent
electronically in only minutes. What could be easier? It's
all at your fingertips.
Policy Issue
This broker-oriented e-business model can issue policies
in less than 20 minutes!. The
approval process itself is based on clear case rules. This
means no medical requirements to collect, no doctors reports
to wait on and no underwriters to call. Just submit the application
and wait for your e-mailed confirmation. You will know in
minutes what the status will be, how to follow-up and how
to proceed. No more rejected policies due to time
delays and aggravation.
Client Receipt
You will receive an email or faxed policy once approved.
Your copy is sent electronically at the same time. No more
waiting. Simply click, send and wait by your computer for
confirmation and delivery.
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