Guaranteed Issue Life Insurance Facts

Guaranteed issue life insurance can be obtained without a medical exam and without answering health questions. The following are some additional guaranteed life insurance features:

1. Guaranteed issue policies can be purchased directly from insurance companies or via independent brokers.

2. The insured choose their own beneficiary. Beneficiaries must have an insurable interest, such as a spouse, child, relative, or business partner.

3. Death benefits are paid out on a tax-free basis.

Desjardins Insurance’s Disability Insurance to Cover Loans

Desjardins Insurance offers a disability plan to cover loans. The plan allows the insured to have their loan protected in the event of a disability caused by an accident or an illness.

The benefit is paid to the insured rather than to his or her creditors, and it is not coordinated or integrated with other insurance or government plans like traditional disability insurance plans.

The policy is available as a Term 10, meaning the premiums are level for the first ten policy years. The plan is also renewable to age 65, which means premiums are level until age 65. It should also be noted that the premiums on this policy are non-guaranteed and can potentially rise.

I.A. Excellence: Five Key Benefits to Dealing with Them

If you're thinking about buying insurance from A.I. Excellence, these five points in their favour may push you over the edge.

1. They've been in business for over 50 years.

2. I.A. Excellence is part of the Industrial Alliance group of companies, which is among the most solid financial institutions within Canada.

3. Their life insurance lineup includes Term, Whole Life, and Guaranteed Issue Life Insurance.

Desjardins Insurance Multi-Coverage Discount Option on Term Life Policies

Desjardins Financial Services offers a unique, multi-coverage discount option on their term insurance lineup.

Desjardins offers Term 10, Term 20, and Term 30 policies. All coverages are guaranteed renewable and convertible as well as available on a preferred rate basis for individuals who are in very good health and have a very good family health history.

Foresters Removes its Term to 100 Product from its Portfolio

Foresters has withdrawn its Term to 100 product from its policy repertoire. 

Beginning May 1, 2012, Term to 100 will be withdrawn from its product lineup. According to the company, historically low interest rates are to blame.

"Low interest rates have diminished the viability of this product. Rather than raise prices to unrealistic levels, we have decided to withdraw Term to 100," announced Foresters.

No-Medical Simplified Issue Critical Illness Plan

Industrial Alliance offers two no-medical simplified issue critical illness plans.

Both plans cover the following four illnesses:

• Cancer
• Coronary Artery Bypass Surgery
• Heart Attack
• Stroke

Both plans are available without a medical exam to applicants aged 18 to 60. The minimum issue limit is $10,000, and the maximum issue limit is $100,000.