Guaranteed issue life insurance policies
have no medical test
and no health questions.
The premiums for guaranteed issue life insurance policies are lower for females. The rationale being that females live longer than males. After all, Statistics Canada reports that life expectancy at birth has reached just over 81 for women and just over 78 for men. For those over age 65, life expectancy has reached just over 83 for men and a little over 86 for women.
The other type of no medical life insurance policies for women is simplified issue coverage. Simplified issue policies also have no medical tests. But, unlike guaranteed issue policies, they generally have three to 12 health questions.(Guaranteed Issue Life Insurance for Women continued...)