Life Insurance Canada News

Can You Get Life Insurance after Having a Stroke?

A stroke has a definite impact on the insurer’s ability to obtain life insurance. Traditional life insurance policies may or may not be available depending on the severity of the stroke. Insurers will need specific information about the applicant’ medical history including the type of stroke, the insured’s age at the time of stroke and...
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Life Insurance for Bodybuilders

Bodybuilders need to keep certain issues in mind when applying for life insurance. Photo courtesy of The Flickr Commons Collection. Most insurance companies use body mass indicators similar to this one when underwriting life insurance applications. This can create a stumbling block for bodybuilders whose build and health levels can be very different from inactive...
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Qualifying for Life Insurance with HIV or AIDS

People with AIDS or HIV can still get insurance Most traditional life insurance companies will not offer life insurance to people with HIV or AIDS. What they don’t tell you is, there is hope. Applicants with HIV or AIDS have three options for qualification: 1) Guaranteed Issue Life Insurance asks no health questions and has...
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Elisabeth Prosper: Whole Life Insurance Specialist

Elisabeth Prosper was born and grew up in Haiti before heading to France where she completed a Master Degree in Economics at the University of Aix-En Provence. Currently, she is a fully-licensed life insurance broker and as LSM Insurance’s Whole Life Insurance specialist, Elisabeth can serve her clients in  three different languages — English, French...
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Whole life Insurance Policies in Canada: Are They a Good Investment?

Whole Life insurance policies generally provide premiums, which are guaranteed to never increase, and lifetime protection. The initial premiums are much higher than most Universal Life or Term Life policies. The best way to determine if a Whole Life policy is a good investment, is to calculate the policy’s internal rate-of-return. (otherwise known as its...
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Tamara Humphries: Non-Medical Insurance Specialist

Tamara Humphries would be happy to help you with your non- medical insurance needs. Tamara Humphries was born in Sudbury, Ontario and has lived in many varied Ontario cities such as Kingston, Peterborough, London, Timmins, North Bay, Whitby and North York. Tamara was lucky enough to spend considerable time in nearly all of the cottage...
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HSBC: No Medical Term Life Insurance Policies

HSBC offers non-medical Term 10 and Term 20 life insurance policies. The policies are underwritten by Household Life Insurance Company. Plans are available with a maximum face amount of $250,000. While the policies are available without a medical, the plan does have seven health questions, which include a wide variety of health topics. The plan...
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Understanding Group Insurance: Plan Deductibles and Co-insurance

All Group Benefit policies include a drug plan portion. Drug reimbursement options include the following two variables: 1. The plan deductible: The plan deductible allows the employers and employees to share the cost of drug expenses. A deductible is the amount the employee must pay before your insurance starts to pay its portion of costs...
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Life Insurance & Paramedical Examinations: What to Expect

Many insurance companies require a paramedical examination as part of their application process. As a rule of thumb, the higher the face amount and the older the applicant the more medical requirements the insurance provider will ask for. Applicants who are not keen on medical tests may want to consider Assumption Life‘s Term life insurance...
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Life Insurance Applications and Blood Tests

Life insurance companies often require a blood test if the insured applies for a higher face amount or is an older applicant. The blood test is completed by a health professional who uses a sterile kit and will usually draw two to three tubes of blood, both used for different tests. A urine specimen is...
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