If you have a life insurance policy, you may be eligible for a discount on life insurance from a Canadian Gambling Association.
The association, which has more than 100 members, is offering life insurance at rates of up to 35 per cent lower than standard life insurance policies.
Life insurance policyholders who buy the discounted life insurance can get life support, hospitalization and disability benefits, among other benefits, according to the association’s website.
“It’s a great opportunity to get an early discount on your life insurance premiums and get a lifetime benefit that you would have received if you were in a typical policy,” said Chris Goulston, a life policyholder with Life Insurance Group.
“The discount will be in addition to your regular life insurance premium.”
Life insurance policies are offered through the insurance company’s insurance brokerage, GAA Insurance.
If you are interested in buying life insurance, GAAA offers a free initial life insurance quote and a two-week free trial period.
Life insurance is considered a low-risk, long-term investment by the insurance industry.
Life policies are not insured by the federal government, and GAA will not sell or sell insurance on the life insurance platform.
“I think this is an opportunity for people who have a bit of a risk tolerance to take advantage of it,” said Mr. Goulstone.
“We know there’s a lot of volatility out there, but I think this will help offset that volatility.”
Life Insurance Group says it is currently recruiting new members.
The company says it plans to expand the pool of life insurance beneficiaries in the coming months.