Three Instant Issue Life Solutions From Assumption Life

Posted on October 17, 2008 and updated October 24, 2012 in Assumption Life, Life Insurance Canada News 1 min read

Assumption Life has made a big splash in the instant issue life insurance market. Instant issue life insurance is a policy which is geared towards individuals who are not in optimal health but have a need for life insurance. 

Assumption Life

These policies are issued without a medical test and with limited proof of insurability. Most instant issue plans limit the death benefit in the first two policy years but Assumption Life’s Golden Protection and Golden Protection Plus pay out from day one.

Read the rest of the article Three Non Medical Life Insurance Solutions From Assumption Life.

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LSM Insurance
LSM Insurance

Thanks Patrick,

Assumption’s Instant Issue plans have no medical tests but some health questions whereas the plan you have may not have any questions. If you qualify for the Assumption plan they will likely give you a better value

Patrick
Patrick

If assumption life pays out the life insurance from day 1…why wouldn’t everybody who is given 6 months or less to live run out and buy a policy? I’m paying $99/month with a competitor with a 2 year clause…assumption life offers the same for $60/month without the 2 clause…is there something I’m missing?

marv
marv

Is the Life Solutions product available to US citizens?

sam
sam

Hello,
Can a 35yr old single mom, who has been diagnosed with HIV 5 yrs ago be able to get life insurance. There has been no change in treatment in 3.5 yrs, working full time in Toronto $51K/yr, homeowner for 1.5 years with no mortgage life insurance.

Please advise,
Thanks

William LeFew
William LeFew

What would a gauranteed issue life cost for a 44 year old non smoker female, with death benefit of $10,000 cost please? She has cancer

Insurance Agent
Insurance Agent

I believe the advantage of this type of life insurance lies in its convenience, which can be attractive to a lot of people. That was a sound idea of the company.

Lois Peckham
Lois Peckham

Hi Lorne,

What would the rate be for Ralph for the Golden Peotection life insurance for $30,000.00? He was 70 on Oct. 17,2008 and is a non smoker.

Lois Peckham

Life Insurance
Life Insurance

Life insurance can be very stressful and often confusing. It’s good to know what’s available before making a decision. Shopping around is the best tactic to finding the right insurance for you.