No Medical Life Insurance and COVID-19

Being able to find affordable life insurance solutions without a medical is now more important than ever, given the COVID-19 pandemic. Also insurance companies have adjusted their processes to simplify life insurance approvals during the pandemic. As a trusted FamilyTaxRecovery.ca partner, LSM Insurance has been offering no medical life insurance solutions to Canadians for over 25 years. This insurance is available in three different types of policies:

• Guaranteed issue insurance is the most expensive and the most limited type of no medical life insurance, insuring people regardless of health and with no health questions. The downside is that the premiums are more expensive, and the benefit amounts are limited.
• Simplified issue insurance also comes with no medical tests but there is a short list of health and lifestyle questions. The more questions you can answer with “no,” the better your premiums.
• Fully underwritten no medical plans are insurance plans which are available at great rates and normally require a medical exam, but now they are available without a medical test, especially during the COVID-19 pandemic. The amount of coverage available depends on your age and the carrier you select.  So, working with an independent broker who represents multiple insurers is crucial. 

Interested to find out more? Complete the form below for a free quote / no obligation inquiry.