From: debal89@sympatico.ca
"Dave" wrote in message
news:ZZu4f.25447$yS6.24066@clgrps12...
> As far as I know, yes - neither the old CAR nor the IRM will cover you
> beyond your 75th birthday. The CAR becomes a paid-up policy at any
> anniversary date at or after the 65th birthday, and you receive 10% of
> the coverage amount returned to you, if you don't elect to extend
> coverage until 75. I haven't been able to find any reference to
> whether IRM becomes a paid-up policy.
>
> "'Ole" wrote in message
> news:Lzi4f.210242$tl2.155857@pd7tw3no...
>> Am I missing something here; Was and is CAR, and as well as IM, a
>> done deal once you turn 75 years of age ?
>>
>>
>
>
"What happens if I choose to stay in CAR?
If you choose to stay in CAR, your premiums will increase by 20% on 1
March 2006 according to the table above.
On your certificate anniversary date following your 65th birthday, you
will have a choice to either:
a.. take the PUC amounting to 10% of your coverage and cease paying
premiums; or
b.. continue your coverage, or any part thereof to your 75th
birthday."
http://www.sisip.ca/en/Insurance_e/car_QandA.asp#7
Allen
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