Guaranteed Access Program (GAP)
BC and Ontario only Available to residents of British Columbia and Ontario.
What is the Guaranteed Access Program?
The Guaranteed Access Program (GAP) provides a one-time, tax-free payment to a person's loved ones at the time of their passing. It is intended to help cover final expenses during a very difficult time for a person's loved ones.
Monthly contribution. GAP is not a free program. Participants make a monthly contribution, which is typically $1 to $2 a day and is guaranteed to never increase. Your exact benefit amount and cost are confirmed with your Disability Benefits Specialist.
Quick facts
- $10,000Minimum tax-free payment
- 6 months to 80Age to qualify
- Tax-freeThe payment is not taxed
- No medical testingNo medical tests
- GuaranteedThe funds are always paid out
- Lump sumPaid as a one-time amount
Learn more about GAP
Watch this short video to better understand how the program works.
Key information
- Eligibility: Available to individuals aged 6 months to 80 years who are living with a long-term medical condition and who live in British Columbia or Ontario.
- Guaranteed access: No medical tests or medical records are required to qualify.
- Benefit payment: A tax-free lump sum (minimum $10,000) is paid to a person of your choosing at the time of your passing.
- Maturity benefit: If you live to the end of the term, the funds are paid directly to you instead. Minimum payout is $10,000.
- Guaranteed payout: The funds are always paid out — either to a loved one upon passing, or to you if you outlive the term.
- Monthly contribution: The program is designed to be financially accessible for people at all income levels. Cost is typically $1 to $2 a day and is guaranteed to never increase.
iA Financial Group is the underwriter for Access Life.
How to begin
Is the person between 6 months and 80 years of age?
Are they living with a long-term medical condition?
Do they currently have a final expense program in place?
Complete the health questionnaire
Your answers determine the benefit amount you qualify for.
Book your review
When you finish, you choose a time to meet with a Disability Benefits Specialist.
Review with your specialist
Your specialist reviews your questionnaire with you to make sure everything is accurate, and confirms your benefit amount and its cost.
Help with your other programs. Because this is an important program, your Disability Benefits Specialist will also help you with other programs you may need, such as the Disability Tax Credit, the Canada Disability Benefit, and the Registered Disability Savings Plan.
Access Life health questionnaireFor residents of British Columbia and Ontario only. The questionnaire includes questions about your health, so please set aside some uninterrupted time.
Start the health questionnaire (opens in a new tab)