February 21st, 2012
Industrial Alliance offers two simplified issue life insurance plans without a medical exam.
The first plan, The Alternative, is available for individuals from 6 months to 80- years-old, and premiums are payable limited number of years depending on the applicant's age.
The policy has a short series of health questions, and the premiums are guaranteed never to increase. The face amount is also guaranteed. The one caveat with the plan is that if a death occurs by non-accidental means within the first two policy years, the payout is limited to a return of premium plus 5 per cent interest.
The Prospective policy is also available without a medical exam, but there is a longer series of health questions. The plan is available to applicants age 35 to 75, and premiums are payable up to age 100. The Prospective plan also provides coverage from day one.
For more details on non-medical life insurance in Canada, please contact us at 1-866-899-4849 or visit our Non-medical Life Insurance Quote Page.