Assumption Life

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...
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Assumption Life’s New Critical Illness Plan

Assumption Life now offers critical illness coverage. Assumption Life is finally offering critical illness insurance through their new Critical Protection plan. The policy is simplified, so there are no medical exams and the coverage is guaranteed as long as you can answer no to 14 simple questions about your health and coverage history. Besides, even...
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Term 100 Life Insurance vs. Participating Whole Life

“As attractive as term insurance might be due to the lower cost, it’s important to realize that most insurance needs will require permanent coverage,” wrote Tim Cestnick in his “Tax Matters”column for The Globe and Mail. Permanent policies can be divided into three distinct categories — whole life insurance, universal Life and term 100 insurance....
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Assumption Life’s Vision for the Future

Assumption Life took a huge risk in 2013 and it paid off in a big way. That year they took universal life products out of their line-up entirely and decided that they would only offer insurance products that could be sold through their online platform.
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Assumption Life’s No-Medical InstaTerm Policy

  It’s not an instant message, it’s InstaTerm. Assumption life released its highly anticipated InstaTerm policy over the holiday season. Named 33rd of the top 101 companies to work for in Atlantic Canada, Assumption Life is already a leading carrier in the permanent no-medical life insurance market. It’s trying to tap into the increasingly crowded...
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UPDATE: Life Insurance for New Canadians

Generally, there are four categories to consider when talking about life insurance for new Canadians: those with a work visa, those with a student visa, those who have claimed refugee status, and those with an open visa. In 2012, those with work visas of any kind temporary residents was 9,701.
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Life Insurance for Caregivers or Nannies

Due to the Canadian government’s slower processing of open work permits and families having to take on more of the fees associated with sponsoring and hiring a foreign live-in nanny, Canada is actually experiencing a nanny shortage right now. According to the Toronto Star, “The number of live-in caregivers arriving in Canada has plummeted by...
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Are Universal Life Rates on their Way Back Down?

Mortgage rates have begun to climb up in recent months. But, with The Bank of Canada keeping its interest rate the same and economists speculating that it will not go up until 2015, many wonder if this mortgage rate climb will lead to insurance companies forcing the rates on their Universal Life policies down. According...
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Manulife Financial’s Simplified-Issue Term 10 Policy

There are a number of simplified-issue policies to choose from. Which one works for you? Manulife Financial offers a simplified-issue term life insurance policy to applicants aged 18 to 70. The plan is CoverMe Easy Issue Life Insurance. It has no medical tests and two health questions. The premiums are guaranteed for the first ten...
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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...
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