Non-Medical Life Insurance Consumer Report

Non-medical life insurance plans can be purchased instantly, without medical exams. No doctors or nurses will need to visit. You just need to answer yes or no to a series of questions. Traditionally, only a limited number of companies offered these types of plans in Canada, but competition is heating up among insurance providers.

Non-medical life insurance plans can be purchased instantly, without medical exams.

The list below analyzes the pros and cons of six different carriers:

Assumption Life

Golden Protection
Pros:

  • Coverage starts from day one
  • Built Paid up and guaranteed cash values
  • Insures applicants up to age 85
  • Multi-life discount
  • Very well priced among non-smokers over 50
  • Accidental fracture option

Cons:

  • Maximum issue $50,000

(E.g. $25,000, 55, female, non-smoker @ $65.57 a month)

Total Protection
Pros:

  • Only four health questions
  • Face amounts as low as $5000 and applicants can be 18 to 80
  • Multi-life discount

Cons:

  • Death benefit is limited in the first two policies to a return (plus interest) unless by Accident.

(E.g. $25,000, 55, female, non-smoker @ $108.37 a month)

Canadian Protection Plan – Underwritten by Unity Life

Simplified Life
Pros:

  • Pay for life, or 20 year pay option
  • Free transportation benefit
  • Face amounts as low as $1000 and as high as $50,000

Cons:

  • Maximum issue of $50,000
  • An extensive list of health questions
  • No multi-life option

(E.g. $25,000, 55, female, non-smoker @ $60.26 a month)

Deferred Life
Pros:

  • Pay for life or 20 year pay option
  • Free terminal illness benefit
  • Face amounts as low as $1000 and as high as $50,000
  • Same rates as Simplified Life

Cons:

  • Death benefit is limited in the first two policies to a return (plus interest) unless by accident.
  • No multi-life option

(E.g. $25,000, 55, female, non-smoker @ $60.26 a month)

Canada Protection Plans Deferred Life and Simplified Life rates have recently changed and they have made their height and weight tables much more liberal on their Simplified Life Plus plan and their Simplified Term policies.

Manulife

Cover Me – Guaranteed Issue Life Insurance
Pros:

  • No health questions
  • Paid up at age 95
  • Fixed premiums

Cons:

  • Limited to applicants age 40 to 75
  • Maximum Face amount is limited to $20,000
  • Death benefit is limited in the first two policies to a return (plus interest) unless by accident.

(E.g. $20,000, 55, female, non-smoker @ $57.44 a month)

BMO Insurance

Guaranteed Acceptance Life Insurance
Pros:

  • No health questions
  • Pays out up to 5 times the face amount if death by accident
  • Just increased it’s maximum face amounts up to $50,000 in some instances

Cons:

  • Applicants must be to 50 to 75
  • Death benefit is limited in the first two policies to a return of premium unless by accident.
  • Can only buy the policy over the phone or on-line.  Not available through it’s independent broker network.
  • Can not buy specific face amounts amounts.  Rather they offer 5 premium bands and the coverage is based on age, gender, smoking status and premium band.

(E.g. $26,450, 55, female, non-smoker @ $75.00 a month)
 

Wawanessa Life

Final Expense Plan
Pros:

  • Only five health questions
  • Policy is paid up after 20 years or age 85
  • Automatic loan provision available in year three

Cons:

  • No discount for non-smokers
  • Maximum face amount is $25,000
  • Death benefit is limited in the first two policies to a return (plus interest) unless by accident

(E.g. $25,000 55, female, non-smoker @ $89.44 a month)

Industrial Alliance

The Perspective
Pros:

  • Multi-life discount
  • Coverage from day one
  • Discount for non-smokers

Cons:

  • Face amount limited to $35,000 (was upgraded to $50,000)
  • Insulin Diabetics do not qualify

(E.g. $25,000, 55, female, non-smoker @ $72.05 a month)

The Alternative
Pros:

  • Multi-life discount
  • Policy is paid up in 20 years

Cons:

  • No discount to non-smokers
  • Death benefit is limited in the first two policies to a return (plus interest) unless by accident.
  • Very high premiums

(E.g. $25,000, 55, female, non-smoker @ $160.65 a month)

Industrial Alliance introduced a Deferred Term 20 Plan for insureds 20 to 70.  The Death Benefit for no non accidental deaths is limited in the first 2 years to a return of premium plus 5% interest.

Humania Assurance

No Medical Term Insurance
Pros:

  • Coverage up to $300,000
  • Three coverage levels: gold, silver and bronze
  • A great fit for people for people who cannot qualify for another simplified issue plan

Cons:

  • The issue age is only up to age 60.
  • There’s no permanent plan.
  • There’s a two-year pre-existing exclusion clause.

Equitable Life 

Final Protection
Pros:

  • The plan is very similar to Assumption Life’s Golden Protection plan. Final Protection shares a lot of the same features.
  • There’s a fixed premium.

Cons:

  • The issue limit is until age 80, but Assumption Life’s plan has an issue limit up to age 85.
  • There’s no increasing death benefit option, but this is available on Assumption Life’s Golden Protection Plus.
     

For more details or questions on the ins and outs of No Medical Life Insurance call us at 1-866-899-4849 or visit our No Medical Life Insurance Quote Page.

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NIsh
NIsh

Is one able to purchase several of these products from different providers to increase total coverage amount?

NIsh
NIsh

What are life insurance options for someone living with HIV?

Kilger
Kilger

I’m 78 and had a stroke 6 years ago. What options do I have for a small burial policy. Other than that I’m pretty good for an old guy. I would like to leave something for the kids but I’m on a fixed income so need to keep it under $75 a month. Thanks for any help you can provide

Linda
Linda

54 year old male had a stroke 2 years ago, is a smoker. No relapses since. What can you offer.

Eleanor Graham
Eleanor Graham

I am puzzled by the phrase pay-out is limited to”return”. What does this mean?

Athena
Athena

Hi I am helping my brother search for a funeral coverage insurance only. He is a 39 year old non smoker. Please send a quote.

Doris
Doris

I just received the BMO package in the mail. I had a stroke in 2009 and I want to make sure they know about if I apply. The last thing I want is my family stuck in the middle of another insurance lopphole.

Laura
Laura

Hi, my husband is an insulin dependent diabetic with high blood pressure, high cholesterol and he is on an anti-depressant. He is 57 yrs, old. Is there anything out there for him?

Darlene
Darlene

my mom is 69 years old (non-smoker) and she has been having a few health issues. I want to take out the highest policy possible for her with a no question/no medical insurer. However, i want to be covered immediately and not two years down the road if she was to die (god forbid). Is there an insurance out there available? If so, what is the highest return I can take out? Since I am her daughter and she cannot afford insurance, am I legally able to take out an insurance policy on my mother? If so, what would I… Read more »

Qaiser
Qaiser

I will be 56 coming May.I have long term care insurance,but looking a simple life insurance also.I am no smoker ,very good health but slightly blood pressure take only 1/2 tab a day to control.looking 50 to 100 thousand amount insurance for whole life term.I do not know why one another company declined my long term care insurance application (just checking may be i get economical quote)..Now any company will give me life insurance or not?

Lisa
Lisa

hi, i’m 37, non-smoker and was diagnosed with thyroid cancer 4 years ago. im a recently landed resident of canada. can i get a “non-medical life insurance”.. thanks.

Jesus
Jesus

Hi there:
I am looking for a $100,000 insurance to cover my mortgage. I am male, non-smoker, 55. Only health issue is the repacement of a heart valve in feb 2009. Since then very good health condition.
Please let me know what options are available

Thanks

Shelley
Shelley

In 2001 I had hodgekins lymphoma–stage2 diagnosed june 2011. Chemo–that’s all. Worked during that time.
No incidence since being cleared of it at end of chemo courses nov.2011.
I have been turned down by two major life insurance companies. I am now 57, female, non-smoker, non-drinker with mild asthma for which I have an inhaler. Which I rarely use. Any chance there’s something out there for me?

Charles
Charles

I was reading the no-medical insurance pros and cons above. All of them seem to indicate that the only payout is a “return”.

So what exactly does that mean? A return of paid premiums or what?

Janie
Janie

Need insurance a 57 year old male had bladder cancer and has hight blood pressure. Please inform me of companies and qotes that he may apply.Thank you!

Gary
Gary

Been turned down for life insurance.
One company sent a nurse and all was fine except I booked off work due to stress being a single parent with a 5 year old boy with extreme behaviour issues.
Shortness of breath was a factor and I was referred to a respitologist.
He referred me for an ECG which shows a possible concern with mitral valve mildly directed regurgitation.
Been referred to cardiologist.

54.
non smoker.
Crohens disease, not active over 3 years.
Asthma, under control

270 pounds
5’8″

Anything you can offer?

Gary

Melanie
Melanie

I am interested in finding the best guaranteed life or some insurance like it for my husband who is 64 years old, non smoker, non drinker, in good health. He is a permanent resident in Canada at present and not a citizen yet. I don’t know what the phrase means: death benefit is limited in the first two policies to a return (plus interest) unless by accident. Do you know what the best plan would be or can you provide suggestions about which might be best and an approximate monthly rate for his insurance? Thanks very much!- Melanie

Scott
Scott

i’m 43 was a smoker . I have heart issues being controled by meds. Very active person so i’m very healthy besides family history. I need some life insurance but have no idea where to start.

Helen Topping
Helen Topping

I am interested in a term policy for my husband, age 65 and insulin dependent. What is available. Regards

Linda
Linda

I am looking for either mortgage or term life insurance for approx. 250,000.00 as we are thinking of taking equity out of our property to buy a condo for three of our children who will be attending post-secondary school in BC. My concern as a 53 yr old female is that in July 2006 I was diagnoised with early Stage 1 Node Negative Breast Cancer with an excellent prognois. Will it be difficult for me to get insurance? Thanks!

Veronica
Veronica

I am looking for non medical term life insurance
for myself & my husbad. I am 39 and smoke but no illness. My husband is 45 with some medical issues (on meds) and he is a smoker.
Can you tell me what you have available?

Regards,Veronica

Leslie
Leslie

Hi, Lorne:

I am looking for non-medical term (10 or 20 years) life insurance with affordable premiums for my husband, who is 69. His only health complaint is hypertension, controlled by medication. We have never been declined life insurance. I look forward to hearing from you. Kind regards.

Glenda
Glenda

Hi
I am 68 years old and looking for life ins. on myself. I am a diabetic not taking insulin and have high blood pressure controlled by meds. There is a family history of heart problems in the males but not the females in my siblings. There are 12 siblings. Can you help me find a policy preferably term 20 years and 25-50 thousand,or whole life for 20-25thousand.
Thanks for your help

Glenda

Enoch Oblitey
Enoch Oblitey

Am 72 with some medical issues but under control. I would like a quote on Golden Protection (non medical).

terry
terry

need term life for an 18, 60 & 68 year old all for $100,000 each let me know the premium also a family pkg for travel insurance for all of especiaolly to go to USA a yearly premium for coverage 15 day then can add extra days if need to email me thanks