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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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the power of critical illness insurance

The Power of Critical Illness Insurance

Company benefits and the Canadian Health Care System give people a sense of security. They know that if they become ill, their medical expenses will be covered. In most cases, company benefits will also provide a regular pay cheque during recovery time. So, why would anyone need critical illness insurance? The answer is simple – there are many unforeseen expenses and costs that are not covered by our government health plan or your company benefits. Plus, you could lose your job just ...
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Andrew McKeown | Insurance Consultant, Great-West Life

Andrew McKeown Insurance Consultant,Great-West Life 1. What type of disability insurance do you own? I own a Non-Cancellable Great-West Life Professional Disability Plan. 2. What factors did you consider when determining the coverage amount? I didn’t want to buy a crap plan that I was sure wouldn’t pay. Insurance is expensive enough, why would you cut costs on something as important as disability insurance. It’s like buying a sausage from the cheapest vendor, you’re just ...
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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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universal-life-insurance

Universal Life Insurance: Pros and Cons

What is Universal Life Insurance Universal Life Insurance gives you flexible, cost-effective coverage that lasts a lifetime. It can be personalized to suit your changing needs and has a combined tax-advantage investment component that you can manage according to your risk tolerance and financial goals. Universal Life Insuranceallows you to adjust your premium payments (reasonable limits apply) as your needs or situation change. Thus, three key features of this life insurance ...
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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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