Faith Life Financial’s Non-Medical Simplified Issue Policy

Posted on January 24, 2011 and updated January 24, 2011 in Canadian Life Insurance Companies, Faith Life Financial, Insurance Types, Life Insurance Canada News, Non-medical 2 min read

Faith Life Financial has two non-medical simplified issue policies called Essential Life Plus and Essential Life.

The issue age range on both policies is 40 to 80 and the minimum base amount is $2,000, with a maximum of $25,000. The insured can pay premiums on a pre-authorized monthly or annual basis. The policy fee on both plans is $60 per year. The plans are only available on a single-life basis, not joint-life. 

The Essential Life Plus policy breaks down to non-smoker or smoker rates and is available as a 20-paid plan. This means the insured is covered for his or her lifetime, but the premiums stop at the end of 20 years.

The Essential Life plan uses a blend of non-smoker/smoker rates and is only available on a life pay basis, which means the insured pays premiums for his or her lifetime.

For more details on no medical life insurance in Canada, please contact us at 1-866-899-4849 or visit our Non-medical Life Insurance Quote Page.

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