Non-medical:

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Humania Assurance Inc. Makes a Splash in the No-Medical Life Insurance Market

Humania Assurance has announced details about its newest no-medical life insurance product that's actually called Humania Assurance: Insurance Without a Medical Exam. The product is available on the Internet through a broker. It's designed for people who, for medical reasons, don't qualify for traditional life, disability, and critical illness insurance.It offers three separate policies, a 10- or 20-year term, and a premium refund option (75% after 20 years). The amounts of coverage ...
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LS Mutual Becomes Humania Assurance Inc.

With 75 years in the business behind them, LS Mutual has changed its name to Humania Assurance Inc. “This rejuvenation process was driven by a desire to give the company a more modern, bilingual name that better evokes the human values that guide the company and the health insurance products that characterize it,” says Humania's president and CEO, Richard Gagnon. The name LS Mutual will remain a part of the newly named company as the name of the management corporation ...
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Simplified Issue Life Insurance: How Does BMO Insurance Compare to Assumption Life?

The no-medical life insurance market seems to be an increasingly reactive niche market when it comes to direct life insurance carriers in Canada.Consumers have their choice to buy direct or use a broker. The insurance companies know that too. Two carriers butting heads in this market are BMO Insurance and Assumption Life. BMO Insurance offers two types of no-medical life insurance, their Guaranteed Life Plus plan, which has no medical tests and no health questions, and their Easy One ...
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Are Life Insurance Companies Exploiting Seniors?

Insurance companies are exploiting seniors. Photo by Luciano Meirelles Canada's 2011 Census confirmed what we all were sure was coming.Back in 1971, the National Post reports,only 8% of us were 65 and older, and now, that percentage has ballooned to 14.8% — which is nearly 5 million seniors out of 33.5 million Canadians. It's the highest number of people over age 65 that there has ever been in this country. With Canadian baby boomers approaching life as senior ...
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Simplified Issue Crititical Illness Term 10 Coverage

La Capitale offers a simplified issue critical illness term 10 policy called Second Chance. The policy is available to applicants aged 18 to 60 and at face amounts of 10,000, 25,000, and $50,000 worth of coverage. The premiums are level for ten years, and the plan is guaranteed renewable. The plan covers six illnesses, and the policy includes a Best Doctors Assistant Service for all your diagnostic and consulting medical needs, as well as Succession Advantage Coverage. There's no ...
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Insurance Solutions for Unhealthy Young People

According to CBC, "Between 1994 and 2005, rates of high blood pressure among Canadians skyrocketed by 77 per cent, while diabetes rose by 45 per cent and obesity by 18 per cent." Further, "More than 250,000 Canadians in their 20s and 30s had high blood pressure, making them the newest at-risk group." Plus, The Childhood Obesity Foundation of Canada reports the following: "There has also been a dramatic increase in unhealthy weights in children. In 1978, only 15% of children were ...
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BMO Insurance Guaranteed Life: Two Big Changes

BMO Insurance is a leading provider of guaranteed issue life insurance solutions. Their flagship guaranteed issue product is Guaranteed Life Plus. The plan is available via BMO's website as well as its call centre, and the plan is not available through BMO's independent broker network. BMO recently made two key changes to the policy: (more…)
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Lupus and Life Insurance

The Lupus SK Society reports that one in every 1,000 Canadians has lupus. Lupus is an autoimmune disease, which means that the immune system mistakes the body's own tissues as foreign invaders and attacks them. Some people with lupus experience only a minor inconvenience, while others live with a significant lifelong disability. Lupus affects those of African, Asian, or Native American descent three times as often as it affects those of European descent. Nine out of ten people with ...
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The Odds of Smoking If Your Parents Smoke

People are twice as likely to start smoking if their parents smoke. Last year, a European study based on the British Household Panel Survey: 1994-2002 and publishedin theOxford Bulletin of Economics and Statistics revealed that the likelihood of a son starting to smoke when both his parents do is 24 per cent. However, when neither parent smokes, that likelihood drops to 12 per cent.The statistics for daughters are almost identical, with the probability decreasing by only 1 per cent if ...
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Toronto Life Insurance Broker: Tamara Humphries

Tamara Humphries will be there for you. According to the Toronto Star, Toronto's population has grown by 38,000 over the past 12 months, and Toronto ha overtaken Chicago as the fourth largest city in North America. More residents means more people with insurance needs, and there's no one better to serve those in need of life insurance than LSM Insurance's Tamara Humphries.Humphries is also our Non-Medical Insurance Specialist. Many brokers shy away from hard to insure ...
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