Non-medical:

News from 2011

Life Insurance and Heart Attacks

Obtaining life insurance after someone has a heart attack can be challenging. In all cases, the insured has two choices: Traditional Life Insurance Plans and No-Medical Life Insurance Policies. Traditional life insurance plans ask a series of health questions and usually involve the insured completing one or more medical tests, whereas No-Medical life insurance policies can be broken down into the following two categories: Simplified-Issue Plans— These ask a short series of health ...
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Wawanesa Life: No Medical Life Insurance Plan.

Wawanesa Life offers a non-medical life insurance plan that is available to applicants ages 45 to 75. The plan is a simplified issue plan, meaning that there are no health tests and, in this case, a series of five health questions. The plan is called an Instant Issue Plan. The insured can choose from 19 coverage levels ranging from $5,000 to $50,000 of coverage. (more…)
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Assumption Life: Non-Medical Life Insurance Policy

Assumption Life is one of Canada's leading insurance carriers for non-medical life insurance solutions. Its basic non-medical policy is called Total Protection and is available with as few as four questions. Face amounts can range from $5,000 to $50,000 and for amounts over $30,000, additional health questions are required. The policies are available to applicants age 18 to 80 and they come with a multi-life discount. The policies are available on a deferred basis: that is, if death ...
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The Ins and Outs of Canada Protection Plan’s Acceptance Life Policy

Canada Protection Plan offers a non-medical, simplified issue life insurance policy with only two health questions. However, Acceptance Life, as it is called, is only available on whole life plans. The policy is available with the following face amount for individuals: Those ages 40 to 69 are eligible for a minimum of $ 5,000 and a maximum of $50,000. Those ages 70 to 74 are eligible for a minimum of $2,500 and a maximum of $40,000. Those ages 75 to 80 are eligible for a ...
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Canada Protection Plan has Life Insurance Policies for Those Battling Cancer

Canada Protection Plan offers a life insurance policy for people receiving cancer treatments. Non-medical life insurance policies like the ones they offer are typically broken down into the following two categories: 1. Simplified-issue life insurance, which has no medical tests and anywhere from three to 12 health questions. 2. Guaranteed-issue life insurance, which has no medical tests and no health questions. (more…)
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Obesity Keeps Rising Worldwide

In 2010, approximately 4.5 million Canadian adults (18% of all Canadians) reported height and weight parameters that classified them as obese according to the Body Mass Index guidelines of Health Canada. Between 1985 and 1995, the percentage of obese Canadians rose dramatically, and now again, between 2003 and 2010, obesity among men rose from 16% to nearly 20%, and from 15% to 18% among women. Add to that the fact that half of Canadian adults (52%) reported height and weight that ...
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Life Guaranteed Burial Expense Life Insurance Policy

Gerber Life offers a burial expense life insurance policy to potentially insured individuals age 50 or older, up to age 75. In addition, the policy can offer face amounts of $3,000, $5,000, $7,000, or $10,000 in coverage. Thankfully, there are no health questions and no medical tests, and the plan has a built-in guaranteed cash value. (more…)
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Life Insurance: How Does My Family Collect When I Die?

Wonder how your family collects when you die? Twocommon questions people have about life insurance are, "What happens once the insured dies?' and, "How do the beneficiary or beneficiaries go about collecting the life insurance proceeds?" The first step when the insured dies is to contact the insurance company or your agent/broker and inform them of the death. This will start the claims paying process. (more…)
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Union of Canada’s Non-Medical Life Insurance Policy

Union of Canada offers a non-medical life insurance policy called Protection Plus. The policy is available to insured people age 45 to 75, and the amount of insurance can range from $5,000 to $25,000 of coverage. The premiums on the policy are guaranteed paid-up at the end of twenty years. (more…)
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Canada Pension Plan for Final Expenses, is it Enough?

TheCanada Pension Plan Death Benefit is calculated as follows: The Death Benefit is calculated based on the total amount of the contributor's pension, or what it would have been had they lived to collect it at age 65. The Death Benefit is equal to six months of this calculated Retirement Pension, up to a maximum of $2,500. (more…)
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