Wawanesa Life Insurance Company

20-Pay Whole Life Insurance

Whole life’s 43% market share is significantly higher than universal life’s 28% and, in a lot of cases, it’s participating whole life’s investment component that consumers are attracted to. Participating whole life gives consumers an investment opportunity to “participate” in the profits of the sponsoring insurance company. For example, Sun Life Financial reports that they...
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Term Life Insurance: Which Companies Offer Preferred Rates?

Preferred rates are offered to individuals who are in very good health who have exemplary family health history. Preferred rates can lower insurance premiums by up to 35 per cent. You can find more details on whether you are likely to qualify for preferred rates here. The following is a listing of the leading life insurance...
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Canadian Critical Illness Comparison Chart

The Critical Illness marketplace in Canada is heating up. Since the first Canadian Critical Illness policy was sold in the mid-’90s, annualized new premium sales have steadily increased. Premium sales rose by 6 per cent to $103.8 million in 2011. The insurance industry sold 7 per cent more policies than it did in 2010 during...
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Comparing No Medical Life Insurance Plans for Seniors

Background: No Medical Life Insurance Plans for Seniors Seniors looking for no medical whole life insurance policies can choose between guaranteed issued policies, where there are no medical tests and no health questions, and simplified issue policy where there are no medical tests and a series of health questions. There are three forks in the road as...
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Wawanesa Life’s No Medical Life Insurance Policy

Wawanesa Life offers a no medical life insurance policy called Instant Issue Life Insurance. The policy is a simplified issue plan, meaning that there are no medical tests, but there are five health questions. Guaranteed issue policies have no medical tests and no health questions, but usually come at a higher premium and have lower...
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The Wawanesa Group: Critical Illness Policy

The Wawanesa Life group plan is available to all groups with long-term disability. There is no coverage available for children and no coverage available for spouses. Coverage amount for employees ranges from $5,000 or $10,000. No coverage amounts for Spouses. No Coverage amounts for children or dependents. There is no continuation or conversion option with...
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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...
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Wawanesa Life’s Quick-Issue Critical Illness Plan

Wawanesa Life offers a quick-issue critical illness plan. The policy is available with only eight qualifying questions and the plan pays out a lump sum, tax-free payment if you are diagnosed with one of 14 different critical illnesses. The waiting-period on most conditions is 30 days. The following is a list of the covered critical...
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Life Insurance Guaranteed Whole Life Policies

Guaranteed whole life policies have been under pressure in recent months, as many life insurance companies in Canada have responded to historically low interest rates by either raising the rates on the guaranteed whole life insurance policies or removing these policies from their product lineup. Manulife recently removed their Guaranteed Limited-Pay Whole Life Plan from...
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Critical Illness Term to 75

The Ins and Outs of Critical Illness Term to 75. (Effective January 1, 2012, Standard Life will no longer sell individual life insurance and critical illness policies). Critical Illness Term to 75 coverage provides level premiums and pays out a Lump Sum Benefit should the insured be diagnosed with a listed Critical Illness and survive...
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