Non-Medical Term Life Insurance Options In Canada

These plans can be
had by those 60 plus.
Photo by mrhayata

Unity Life of Canada joined the Foresters family in April 2008 and as of Jan 23 2012 changed their name to Foresters Life Insurance Company.

Canadian consumers looking for Non-medical Term life insurance in Canada should consider the following:

As a rule of thumb, it's best to remember that the younger the insured, the more likely Term Life insurance is going to be available without medical tests. For older people looking for insurance, the face amounts available without medical tests are generally much lower. The following is a list of three companies which offer Non-medical Term Life insurance policies to Canadian men and women in the 60 plus age bracket.

1. Unity Life - Easy Term 10. This policy is a 10-year Term policy and is available in face amounts of up to $150,000 without a medical. The plan is renewable to age 75 and convertible to age 65.

2. Canada Protection Plan – CPP offers both Simplify Term and Simplify Term Plus. These policies are underwritten by Unity Life, but are available under a Canada Protection Plan product umbrella. The Simplified Term has a maximum face amount of $100,000 that's available as a Term 10, Term 20, or Term 100 policy. The Simplified Term Plus product, offers the same Term 10, Term 20 and Term 100 plans, but has additional health questions. However, there are still no medical tests and face amounts up to $150,000 are available.

3.  Assumption Life - Flex Term and Flex Options offers a level term and a decreasing Term 15, Term 20, and Term 25. The plan offers coverage up to $250,000 without medical tests and the policies are convertible to a permanent plan prior to age 65.

For more details on Non-medical Term Life insurance in Canada, please visit our Non-medical Life Insurance Quote Page, or contact us at 1-866-899-4849.

Posted by Chantal Marr.