Comparing Non-Medical Life Insurance Simplified Issue Plan

Unity Life of Canada joined the Foresters family in April 2008 and as of Jan 23 2012 changed their name to Foresters Life Insurance Company.

Simplified issue life insurance policies are available without a medical and have anywhere from 3 to 12 health questions. This chart below compares three of the leading simplified issue non-medical life insurance BMO insurance, assumption life, and Canada Protection Plan underwritten by Unity Life.

 BMO EasyOneAssumption life Golden Life ProtectionCPP Simplified Life
Maximum Face amount$15,000$50,000$50,000
Discount to non-smokersNoYesYes
Medical TestsNoNoNo
Health QuestionnaireYesYes

Yes

+Phone interview

Independent Broker network

No

(call centre and direct mail)

YesYes
Payable by credit cardYesNoNo

For more details, please contact us at 1-866-899-4849 or visit our Non-medical Life Insurance Quote Page.

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LSM Insurance
LSM Insurance

Hi Glenn,

$50,000 of Simplified Issue coverage with Assumption Life Golden Protection Plan would be $189.59 a month. Canada Protection Plan Simplified Life would be $178.61 a month.

The questions are a little more stingent on the Canada Protection Plan application.

Glenn
Glenn

what would be an example of a premium of lets say a $50,000 payout?

thx
Glenn

LSM Insurance
LSM Insurance

Hi Glenn,

Yes some simplified issues plans in Canada do not have questions related to alcohol or drug related issues, depression or build. You can contact us at 1.866.899.4849 or [email protected] for more details.

Glenn
Glenn

I’m 59 in 3/30/11, am bipolar, alcoholic, nonsmoker overweight but not obese, other than that I’m fine. What would I qualify for in simplified issue. I’m interested in enough for my cremation and leave a little something for my two children.

LSM Insurance
LSM Insurance

Hi Wanda,

Thanks for the note. Each of the plans have no medical tests but the qualifications questions and plan features are different from company to company.

We will send you a separate email now. Regards,

Wanda Wells
Wanda Wells

i would like some information on the simplified insurance policy. What would be my qualification to apply for this type of life insurance.

Thanks,
Wanda Wells

LSM Insurance
LSM Insurance

Thanks for the note we are happy to assist. The premiums will depend on the type of Simplified Issue plan and the amount of coverage.

We would be happy to assist further you can contact us at 1.866.899.4849 or [email protected]

IESHA
IESHA

I NEED HELP WITH A SIMPLIFIED LIFE INSURANCE POLICY