Industrial Alliance: The Alternative

When it comes to no-medical life insurance for children and adults, Industrial Alliance offers a non-medical life insurance plan called The Alternative. The plan has no medical tests and a short series of health questions. It is available to applicants ages six months to 65-years-old and premiums are generally payable for twenty years.

However, for applicants ages 66 to 74, premiums are payable until age 85, and for applicants 75 to 80, premiums are payable for ten years.

The plan has a level death benefit, and coverage remains intact for the insured’s lifetime. Face amounts range from $5,000 to $50,000. The maximum face amount for children under 25 is $10,000. If a non-accidental death occurs within the first two policy years, the benefit is limited to a return-of-premium plus 5 per cent interest.

For more details on non-medical life insurance in Canada, please call us at 1.866.899.4849 or visit our Non-medical Life Insurance Quote Page.

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