Do I need to provide proof of my earnings?

Yes, but when you must provide proof depends on the life insurance benefit you’re applying for.

If you’re applying for a life insurance benefit above US$750,000, you must provide proof of your earnings.

If you’re applying for a life insurance benefit of US$750,000 or below, you do not need to provide proof of your earnings. In the event of a claim, however, we will, require proof of your earnings at the time of your application. So, it makes sense to provide us with proof of your earnings when you apply.

In the event of a claim, we will pay the lower of:

• the life insurance benefit stated on your certificate of insurance; or
• 20x your gross annual earnings at the time you applied*.

*If the claimant cannot evidence your gross annual earnings at the time you applied, we will consider an average of your gross annual earnings during the 36-month period immediately preceding your death.

If you’re applying for a life insurance benefit of US$200,000 or below, you do not have to provide proof of your earnings. In the event of a claim, we will not require proof of your earnings at the time you applied.