But with simple life insurance, you won’t have to. While you’ll still have to answer some health-related questions, you are much more likely to be approved in a short amount of time.
If you don’t have any other option or were denied other life insurance policies due to a medical condition or a limited budget, then let’s discuss guaranteed life insurance for you.
Facing a serious illness is hard enough—worrying about how to pay for it shouldn’t be part of the struggle. That’s where Simple Issue Critical Illness Insurance comes in. Designed for Canadians who want quick, dependable coverage, this policy pays a lump-sum benefit if you’re diagnosed with a covered condition such as cancer, heart attack, or stroke.
If you have been declined in the past due to your dangerous job, extreme recreational activities, or high risk travel, you may be eligible for special risk life insurance.
Funerals can be expensive and your family has enough to worry about as is. When you die, your beneficiary will receive the death benefit and can use the money in any way they choose.
But they might still want to ensure their spouse receives a death benefit which can help pay for expenses like credit cards, mortgage and everyday expenses.
They may also want to leave an inheritance and contribute to their grandchildren’s education or have plans in place to pay for final funeral costs. Age and an existing health condition make it difficult to receive term life insurance but some life insurance companies are willing to provide no medical life insurance to seniors.
When you die, your beneficiary will receive a tax-free lump sum in order to help them cover your end-of-life expenses like your funeral, unpaid debts, and more.
A criminal record will likely push a fully underwritten policy out of reach. Guaranteed Issue Life Insurance and Simple Issue will often be the primary way to get the protection. Non-medical life is not just for people with compromised health.
Guaranteed issue life insurance and simple issue can qualify you for life insurance if you have a history of substance abuse.
Traditional types of plans don’t exclude you based on these activities, however, there is often an additional premium or certain exclusions in the policy. No Medical has a much quicker process and is approximately the same price.
If you are a pilot in Canada, an insurance company may charge an extra premium for coverage or include exclusions for death during flying. Depending on the amount of protection required, no medical life insurance plans are often a perfect solution for Canadian pilots.
If you are a person who often travels and is looking for life insurance, no medical life insurance is the type of life insurance for you. When underwriting the policy, the questions are broader and more lenient regarding travel plans. A traditional underwriter may want all of your future travel plans in detail.
A colourful driving record can make it exceedingly difficult to qualify for a fully underwritten policy. However, you could get a certain coverage amount and protection in the following situations under no medical life insurance in the following situations:
No medical life insurance can qualify you for a fully underwritten policy up to $50,000 with just a simple questionnaire, even if you’re living with a chronic or complex health condition including HIV.
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When you work with our insurance broker, you will receive service and advice that is based on years of experience in the insurance industry. Our staff is professional, knowledgeable and dedicated to providing individuals with the right products.
If you want to explore insurance options that will help protect you, your family, home and business, give us a call or send us an email. Let’s get started today.
