No Medical Life Insurance with Canada Purple Shield

Posted on June 4, 2012 and updated June 4, 2012 in Insurance Types, Life Insurance Canada News, Non-medical 2 min read

The Canada Purple Shield plan is sold via their team of pre-planning funeral expense consultants. The average cost of a funeral in Canada is $7,500, rising dramatically from to 2008, when the Canadian Government pegged the average cost at $5,892.

Canada Purple Shield’s plan is meant to help cover that higher cost. The policy is underwritten by Assurant Life of Canada, which is the last funeral funding company in Canada that has an excellent rating from AM Best. The AM Best rating is an indication of the company’s financial strength, stability and their ability to pay out a claim.

Assurant Life’s parent company, Assurant Inc., is the provider of specialized insurance products and related services in North America and in select international markets. The Purple Shield plan is available without a medical and has a built-in inflation protector, meaning the plan increases over time to protect against inflation. The policy also pays out its death benefit on a tax-free basis.

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

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Ron
Ron

Can you quote me on $100,000 20 Pay Whole I’m 58 – but I had a heart attack 8 years ago

LSM Insurance
LSM Insurance

The Purple Shield plan itself is only offered by their in-house agents. But you could look at a plan with an outside carrier the rates would depend on your age nearest age and your smoking status. You may qualify for a traditional life insurance policy which in most instances even with a rating are less expensive than a no medical plan. Having said that if you are declined this could limit your simplified issue options.

LSM Insurance
LSM Insurance

Purple Shields has a few different plans so you would have to contact them directly for pricing. They use their own team of pre-planning funeral expense consultants

We would be happy to help with a comparative No Medical Simplified Issue Life Insurance quote

Chris
Chris

How much for purple shield plan for final costs.
Aug 31 1954. Smoker.
Sept 25 1955. Non smoker
Thank you