Most group insurance policies in Canada do not require medical evidence with the application, meaning that employees in the company can obtain life, disability, and health coverage without a medical. The one caveat is that the insurance company can adjust the company’s premiums on renewal if they have a very high claims experience.
Most insurance carriers in Canada have a non-evidence limit on life insurance and disability insurance. The amounts for long-term disability insurance vary from company to company, but they’re generally in the $1,500 a month benefit range and the $75,000 range in terms of life insurance.
Additional life and disability insurance may be obtained by the employee, subject to a medical. Larger companies may qualify for higher amounts of non-evident life and disability insurance coverage.
For more details on group insurance in Canada, please contact us at 1-866-899-4849 or visit our Group Benefits Online Quotes Page.
