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life insurance with cancer

What is Cancer Insurance?

According to a new report from the Canadian Cancer Society, approximately one out of every two Canadians will be diagnosed with cancer during their lifetime, and one in four are likely to die from the disease. The report estimates that 206,200 new cases of some form of cancer will be diagnosed this year and an estimated 80,800 will not survive. This makes cancer the leading cause of death in Canada. "Currently, every year we're seeing an increase in the number of cancer cases in ...
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We’ve Got The Answers: I Was Recently Declined, What Are My Options?

Today's Question: I was recently declined for Life Insurance, what are my options? If you were recently declined for life insurance, there is no need to panic; there are options. You need to first figure out why you were declined - doing so will aid you in taking the next few steps. If you were declined for a significant reason, i.e., any serious medical condition, you may want to look into a No-Medical Insurance Policy. For less serious medical conditions, you may qualify for ...
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10 Tips For No Medical Insurance Shoppers (Infographic)

Have you been told by an insurance advisor that you are ineligible for life insurance? Fear not, you may have some options. Not all advisors distribute no medical life insurance or they may overlook this type of policy when advising their high-risk clients. No medical policies cover your life like a traditional life insurance policy, without having to complete medical tests during the application process. Some plans will ask a few questions, others ask no questions at all. These plans ...
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20 No Medical Life Insurance Tips

The No Medical Life Insurance market in Canada is exploding. More and more people are opting for the convenience of obtaining life insurance without a medical. No Medical Life Insurance policies fall into 2 categories:Guaranteed Issue (no medical exam and no health questions) Simplified Issue(no medical exam and anywhere from a 2 to 25 + health questions)No Medical policies are available as Term policies – where the cost starts off low and increases as you get older or ...
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Assumption Life Revamps It's Simplified Issue Lineup

Assumption Life Revamps It’s Simplified Issue Lineup

The life insurance industry hasn't changed much since its inception. Experts in the field feel that it is high time it does and are making changes to bring life insurance into the 21st century. Some companies are already implementing major changes like classifying marijuana users as non-smokers and revamping Simplified Issue plans. We asked Pamela Kwiatkowski, Associate Vice President, Individual Insurance and Investments, Assumption Life about the recent changes to their Simplified ...
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Guaranteed Issue Plans in Canada

Non-medical Life Insurance means you do not have to take any tests or visit a doctor for your application to be approved, however you may still have to answer some medical and lifestyle questions. There are two basic types of non-medical policies: Guaranteed Issue Coverage and Simplified Issue Coverage. Guaranteed Issue Coverage This type does not require you to answer any health or lifestyle questions or take any medical tests. You are covered immediately without going through the ...
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Canada Protection Plan Increases Coverage Levels

Good news for people facing difficult roadblocks when trying to buy life insurance. Canada Protection Plan, the leading No Medical and Simplified Issue insurance provider in the country, now guarantees that no applicants will be turned away when they attempt to obtain protection for their loved ones. “Whether you have health issues, are in good health, new to the country on a work permit, participate in extreme sports or simply want reliable, affordable coverage quickly and are ...
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accidental death insurance

Life Insurance with Accidental Death: Is it a Good Deal?

There is a new version of this article (summer/fall 2018) about Accidental Death and Dismemberment Insurance that explains in detail this insurance. It also compares costs of Accidental Death Insurance to other insurance types.Canadians are constantly bombarded with life insurance offers. Although having adequate coverage is important, many of these offers are for specialized insurance or add ons that you don't really need. Sun Life, Industrial Alliance and BMO Insurance all offer ...
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Life Insurance and Depression – Updated

Depression is a mental illness now being publicly addressed. Back in the day, people never talked about this mental illness. It was thought of as a shameful thing to discuss, and those who were going through depression were embarrassed to address it. By not addressing their depression, many fell victims to suicide, which could have been prevented by seeking help. The public is becoming more aware of depression — especially since famous people have unfortunately succumbed to this ...
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Life Insurance for People with HIV or AIDS

Life Insurance for People with HIV or AIDS

Following 2011, there were an estimated 71,300 people in Canada living with HIV — up from 57,000 in 2005, according to Avert.org. Of these, around 25% were unaware of their infection. An estimated 3,175 new HIV infections occurred in Canada in 2011, which is roughly the same as the figure for 2008. There are options available Generally, those with HIV or AIDS get turned down for traditional life insurance off-hand, but there are guaranteed-issue and simplified-issue providers, which ...
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