Plan Details

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Acceptional Life is a non-renewable, non-convertible term life insurance product designed for difficult-to-insure individuals with substantial insurance needs. Difficult-to-insure individuals are applicants who have previously been declined or postponed for insurance by an insurance company or who will have a difficult time obtaining life insurance for reasons related to medical or lifestyle history.

Acceptional Life coverage is subject to full underwriting. It is not simplified issue or guaranteed issue coverage.

Acceptional Life is underwritten by Co-operators Life Insurance Company and distributed exclusively through Hunter McCorquodale.  It is not currently available in Quebec.


Product Features

Face Amounts Minimum $300,000 Maximum $10,000,000
In certain cases coverage may be limited if the total amount in force and applied for with all insurers exceeds $10,000,000.
Issue Ages Minimum Age 18 Maximum Age 75
Based on age last birthday.
Coverage Period The maximum policy term is 10 years. In some cases coverage may be offered for a reduced term, at the underwriter’s discretion.
Renewal Privileges This product is not renewable. At the expiry of the policy, if coverage is still desired, a new application and full underwriting will be required. Any new policy will restart the contestable period for evidence.
Conversion Privileges Acceptional Life is not convertible to any other product.
Premium Rate Classes Rates vary by issue age, gender, and smoking status. Non-smoker status requires no use of cigarettes, cigarillos, cigars, pipe, chewing tobacco, nicotine gum, nicotine patch, nicotine substitute, e-cigarettes, or tobacco in any form within the past 12 months.
Adjustable Premiums Acceptional Life is an adjustable premium product. We reserve the right to adjust the rates of all policies in a similar class; however, should this occur, it will not be done more than once in a given year. Such an adjustment may anticipate future trends, but will not recover any past losses.
Premium Modes There are 3 premium modes available:

  • 1. Monthly Pre-Authorized Debit (PAD)
  • 2. Annual billing or
  • 3. Semi-annual billing
Policy Fee There is no policy fee.
Riders and Benefits Riders and supplementary benefits are not available.
Dividends Non-participating and no dividends are payable.
Cash Values No cash values are provided.
Number of Lives Available on a single life basis only.


Acceptional Life Death Benefit

Upon the death of the Life Insured from a non-excluded cause, the sum insured is paid to the beneficiary and the policy is terminated. In the event of a death from an excluded cause, premiums will not be refunded.


Standard Exclusions

All Acceptional Life policies contain exclusions against payment of a death benefit in the following circumstances:

  • Suicide or self-destruction, while sane or insane,
  • Ingestion of any drugs, alcohol, intoxicant and/or narcotic, except on the advice of or as directed by a licensed physician,
  • Ingestion of any poisonous substance, gas or fumes except in the case of an industrial accident;
  • Accidental bodily injury that occurs while committing or attempting to commit a criminal act; or
  • Accidental bodily injury that occurs while in care and control of a motorized vehicle, while having a blood alcohol concentration at or in excess of the legal limit, or while impaired as a result of drug usage.


Policy Specific Exclusions

Additional policy specific exclusions, including medical exclusions, may be required as a result of an applicant’s medical history or other risk factors.


*Permanent Suicide Exclusion

It is important to note that the exclusion for death by suicide extends for the entire period of the policy.


Note:  The above is a summary of the important features of the Acceptional Life plan. Should there be differences between this document and the policy, the policy shall prevail.

The Co-operators® used under license from The Co-operators Group Limited.Co-operators Life Insurance Company is committed to protecting the privacy, confidentiality, accuracy and security of the personal information that it collects, uses, retains and discloses in the course of conducting business. Acceptional Life® is a trade-mark of Co-operators Life Insurance Company and is used under licence.