call us: 905.248.4849 1.866.899.4849

Living a risky lifestyle? Can’t get traditional life insurance?

  • Go with No Medical Life Insurance to secure the financial future of your loved ones
  • Ensure your children are not stuck with tax liabilities in the future
  • Secure coverage at an fair premium rate

No Medical Life Insurance News

Need Life Insurance But Concerned About The Medical Examination?

March 13th, 2015 · No Medical Life Insurance News, No Medical Life Insurance Tips

Life Insurance Policy No Medical
Concerned About The Medical Examination?

If you have family or loved ones that are dependent on you, or if you own or are co-owner of a business that is dependent on you for success, then life insurance isn’t just a perk, it’s a necessity. You don’t want to leave your business partner in a lurch, and you definitely don’t want to leave your family struggling to pay steep costs associated with medical expenses or funeral costs—and you certainly don’t want to leave them struggling to cover any monthly bills. It is important to have adequate coverage through your life insurance—but what happens when you’ve been denied coverage? Or what if you simply want a less invasive form of life insurance that doesn’t pry into your medical history to establish rates? A no medical life insurance broker might be for you.

What Is No Medical Life Insurance?

There are a number of variables that may make it difficult for you to attain life insurance. Maybe you have a risky lifestyle or high-risk job. Maybe you have a history of cancer, heart disease, diabetes, or past drug use. Maybe you are just really apprehensive about needles or hospitals. Whatever the reason, no medical life insurance brokers can find the solution for you.

Just because you’ve been denied eligibility in the past, or for any of the aforementioned reasons, you are worried that you will be, don’t think that you have to go without life insurance coverage. No medical life insurance brokers work with the largest life insurance companies in Canada. Not only do they have the insight and expertise to find coverage for you, but they can also find the right coverage for you at the most competitive rates.

No medical life insurance brokers can provide you with an insurance option that is available to potential policy holders without need of a medical examination. If you are between the ages of 20 and 85, then you are already eligible for life insurance and you won’t have to endure a medical examination to get it, nor will your medical history or current medical condition implement limitations in your coverage—or your rate.

Simplified Issue vs. Guaranteed Issue

There are two forms of non-medical life insurance that your no medical life insurance broker can establish for you: simplified issue and guaranteed issue. While neither will ask you to undergo any medical tests for approval, simplified-issue coverage may require you to provide some medical information before you gain approval.

Here is a break-down of each form of coverage:

Simplified Issue Coverage

You will not have to undergo any medical tests, but you may be asked between 3 and 15 health and lifestyle questions. The face amount of the policy (the sum of money for which the insurance cover is obtained, or the amount which will be paid on either the policy’s maturity date, in the event of the insured’s death, or, dependent on the terms of the policy, in the event of his or her total disability) for simplified issue coverage can reach up to $150,000. There are discounts in rates for non-smokers, and on average simplified issue coverage offers lower premiums than guaranteed issue coverage when purchased through a no medical life insurance broker.

Guaranteed Issue Coverage

Guaranteed issue coverage does not require you to undergo any medical tests, and you will not be asked any health or lifestyle questions. The face amounts are usually restricted to $25,000, smokers and non-smokers are priced the same, and guaranteed issue coverage usually requires a higher premium—even when it is purchased through a no medical life insurance broker.

Both of these options are available to you if you require no medical life insurance coverage; however, depending on your particular situation, one may provide a better solution for you than the other. Talking with an experienced no medical life insurance broker can help you determine which coverage option will best suit your lifestyle.

Brokers vs. Captive Agents

When seeking life insurance, you have options. You can consult a no medical life insurance broker, or a captive agent. Here is a little information about both:

Independent Insurance Brokers

No medical life insurance brokers work with a variety of different insurance carriers, which may provide more flexibility, making it easier for you to find the specific insurance coverage options you need at a more competitive rate.

Captive Agents

A captive agent can still provide you with access to no medical life insurance—just like a no medical life insurance broker. However, captive agents only offer coverage from a single carrier. This means that, while they may have better knowledge of the products they are selling, they will face the restrictions of their associated carrier. This means you may face a higher premium.

In Canada, you have a number of options, whether you choose to go with a captive agent or a no medical life insurance broker. According to LIMRA, the Canadian industry supports an average of 15,000 captive agents per year. However, in the 2011 Stats Canada occupational breakdown, 37.1% of those in the insurance industry are agents working for specific carriers, while 57.2% work for brokerages.

Buying Direct vs Using A Broker

Of course, you have yet another option when it comes to seeking non-medical life insurance. Instead of going through a no medical life insurance broker, you can buy life insurance direct. However, while an insurance broker would be responsible for completing and submitting all of your applications, you would be responsible for ensuring all of your paperwork is filled out and completed properly, either online or by phone. Further, a broker can find you a more flexible plan design than you may be able to find when applying directly to an insurance carrier. This includes a more flexible premium payment method, the availability of more plans, including 10, 20 and 30-year terms or term 100. A broker can also provide access to renewable terms and joint life policies where you may be unable to gain access through direct purchase. Finally, he or she has the potential to get you a significantly higher face value at a more competitive premium.

If you’ve been denied life insurance for medical reasons before, don’t worry. You still have options. Contact a no medical life insurance broker today so you can get on with living without all the worry.

Seniors Life Insurance – Should I Buy Direct?

February 10th, 2015 · No Medical Life Insurance News

senoirs life insurance buying direct

One reality of life is that people don’t stay young forever. It is better to be safe than sorry and make sure you are prepared for whatever happens in the future, regardless of the status of your health. That is why it is recommended to secure you and your family’s financial security. One way of doing this is by purchasing life insurance. You may have heard good and bad things about buying direct or through a broker, but there are many reasons why you should consider applying for life insurance through broker channels, especially if you are a senior. 

What You Should Know About Life Insurance

One thing you can do to find out if you are eligible is to shop around for eligibility requirements. It is important to find out what information is required in order for you to qualify, and you can submit an initial inquiry at various insurance agencies, often online. Another thing you should know, is that many creditor life insurance policies will not insure you after the age 65. You should find out what age limits there are with your credit insurance. On the other hand, insurance companies that use brokers can insure you up to the age of 85.

In order to get the best rate, it is recommended to purchase life insurance from independent brokers, as they have the network to secure the best policy for your age and health situation. According to Riskheads, brokers will get you the best deals because the risk is not high for them. The website also concluded that many brokers have an online service, which makes them more efficient as well. They will also be experienced and knowledgeable in the field, and they will give you a peace of mind that you may not have with direct insurance.

The Difference Between Direct and Broker Insurance

It is important to know the difference between purchasing insurance directly from a carrier and purchasing from a broker. Brokers have access to many different insurers and policies, which gives you your best chance of getting a great rate. Brokers will be able to answer any questions you may have, and are typically proactive about getting back to you, and finding a policy that is tailored towards your unique needs. You will always have the benefit of the one-to-one service.

Riskheads also points out that brokers are usually available when there are changes that need to be done to a policy. There are pros and cons to purchasing direct or through a broker, but you will find that it will be in your best interests to go with an insurance broker.

InsureNOW Available From BMO Insurance

January 27th, 2015 · BMO Life Assurance Company, Life Insurance, No Medical Life Insurance News

BMO Insurance InsureNOW Plus

BMO Insurance is offering a simple life insurance policy named insureNOW for anyone between the ages of 18 to 49.

InsureNOW features a no medical exam to qualify, immediate full coverage as soon as the policy is issued and a 30-day money back guarantee. It also offers a guaranteed rate for as long as the policy is in force. The criteria for this policy is based on age, gender and smoking status.

There are two limitations that are stated on their product page for insureNOW. The first exclusion is that, if the insured person’s death were to occur due to suicide within the first two years of the Policy Date, then benefits will not be paid out. The second is that if any information provided in the insurer’s application proves false.

Customers may also add BMO Insurance’s Extended Life Benefit with insureNOW. The purpose of Extended Life Benefit is to continue life insurance coverage at 25% of the policy total at age 65. After age 65, life insurance premiums are no longer required.


We have provided an example for an insureNOW policy using a case where a 30 year old male non-smoker is looking for $150,000 worth of coverage. InsureNOW’s first option is to take out $112,000 Level Term to 65 and $37,500 whole life with guaranteed premiums to 65. Monthly premiums would rate at $63.66 per month.

The second option is to buy $150,000 of insureNOW with Extended Life Benefit at age 30 and get $37,500 paid-up coverage after age 65 with premiums at $53.51 per month. After age 65, monthly premiums would cease and $37,500 coverage will be paid-up for life. BMO Insurance’s Extended Life Benefit provides coverage past age 65 at 25% of policy total at 65 and there are no premiums past this point.

InsureNOW Plus

For those seeking more coverage, such as disability or critical illness insurance, BMO offers additional coverage through InsureNOW Plus. This product combines life, critical illness, and accidental disability insurance into one package.

The critical illness portion of the policy covers three major forms of critical illness. These are heart attack or stroke, life-threatening cancer and coronary artery bypass surgery.

As for accidental disability coverage, insurance will be paid out only if the insurer is classified as totally disabled due to an accident. The disability must also continue for 180 consecutive days. According to BMO Insurance’s website, being totally disabled means that the insurer requires regular care from a physician, who follows the recommended treatment and are unable to work or perform their normal activities due to the disability.

If the insurer experiences an accidental disability or a critical illness, part of the total coverage amount will be paid out and the remaining balance coverage will remain as life insurance. Payment may only be received for either a critical illness benefit or an accidental disability benefit, but not both.

For both insureNOW and insureNOW Plus, coverage amounts vary between $50,000-$250,000 up to age 65.

Five Cancer Fighting Foods

December 30th, 2014 · Life Insurance, No Medical Life Insurance News, No Medical Life Insurance Tips

Five Cancer Fighting Foods
Five Cancer Fighting Foods

What is cancer? Simply put, cancer happens when cells abnormally divide and grow in an uncontrollable manner. It’s a cellular malfunction. There are several different types of cancer, each with a unique set of parameters and challenges.

Few things are more terrifying than hearing, “you have cancer”. As we become more and more aware of how cancer affects us, many are taking an active role in cancer prevention. Things like giving up cigarettes, improved nutrition and exercise are powerful tools in the drive for optimal health.

Prevention is vitally important, but no method can guarantee you a cancer-free body. Cancer is one of those diseases can strike anyone, anywhere without warning and without mercy – even if you are doing all you can to prevent it. However, the more prepared and healthy you are, the greater your odds of beating this disease. In fact, Canadian Living Magazine says one third of all cancers are related to diet.

Here are five cancer fighting foods to add to your grocery list.

1. Turmeric contains curcumin, which has a very positive impact on colon cancers. Found in the spice aisle, the addition of turmeric to soups, sauces, meat and pasta gives you added flavour as well as a cancer-fighting punch.

2. The sulforaphane in broccoli has shown positive results in mice in the fight against cancerous stem cells. There are so many ways you can work broccoli into your diet. It’s excellent raw with a little dip, cooked with a cheese sauce, chopped in an omelette and steamed with a dollop of butter or oil.

3. Tomatoes contain the carotenoid lycopene. A study called Nutrition and Cancer showed that lycopene was instrumental in fighting endometrial cancer cell growth. Lycopene also has a positive impact on lung, prostate and stomach cancers. Maximize the benefits by eating cooked tomatoes, like this tomato sauce that also contains another powerful cancer fighting food – garlic; or, this quick and easy roasted tomato soup.

4. Dr. Mercola is excited about Brussel sprouts. “Brussels sprouts are a good source of fiber, manganese, potassium, choline, and B vitamins. They even contain protein. What is perhaps most exciting about Brussels sprouts, however, isn’t only their incredible array of nutrients. It’s their antioxidants and other phytochemicals, which have been proven to fight chronic diseases, including cancer,” he says on his website.

5. Have you tried kohlrabi? Called the “alien vegetable” by some for its funny-looking appearance, this crisp veggie is delicious raw, roasted, steamed or cooked. It’s also high in indoles, which may reduce breast cancer, and high in Isothiocyanates, which are thought to protect against colon cancer.

Food is not the only way to prepare yourself against cancer. Should the unfortunate disease strike, you want to make sure your finances can handle your reduced earning potential, treatment and treatment associated costs (travel, co-pay on medications, etc.) as well as financial support for your loved ones should the disease claim your life.

The best course of action is to purchase a good life insurance plan that includes a critical illness policy while you are young, fit and healthy. This is when you will get the best premium and highest benefit. However, if you have been recently diagnosed with, or have been previously treated for cancer, you can still qualify for life insurance.

Too many people do not check into their life insurance options if they have faced or battled cancer. The assumption is that they simply won’t qualify for coverage. This is not true. Non-medical life insurance is an option worth exploring for those affected by cancer or any other disease.

Non-medical life insurance was designed to help those that have trouble qualifying for a fully underwritten policy, as well as those that simply do not want to undergo a medical exam. It is becoming an increasingly popular option for those living with or susceptible to disease.

Non-medical life insurance is broken into two categories. There is simplified issue, which involves some medical questions (but not a medical exam) and guaranteed issue, which does not involve any questions. Simplified issue has a higher benefit than guaranteed issue, but depending on your health, stage of disease, or ability to qualify, both provide a way to obtain life insurance before it’s too late.

Cancer is a scary word. The thought of a few rouge cells having such a devastating impact on your life and the lives of your loved ones is uncomfortable; but that is no excuse. Take charge of your health and finances now. Prevention in your diet and prevention in your budget are two ways you can fight cancer and give yourself the best possible odds.

The Six Most Obese Countries

December 18th, 2014 · Life Insurance, No Medical Life Insurance News

obese gut life insurance

Earlier this year, Discovery News named the largest countries in the world – and they weren’t talking about land mass. This hefty breaking story was about the mass of the people living in those countries, and the results were heavy. As of spring 2014, more than 50 per cent of the world’s obese population live in just 10 countries, the top six being:

1. The United States: To the surprise of no one, the US weighs in at number one. The reasons are for these gains are many. The plethora of cheap, processed foods that are readily available, inactive lifestyles and fat as the “new normal” all play a role in this weighty dilemma.

2. China: Obesity is relatively new in China, with only the last generation expanding in numbers that raised concerns. One possible culprit is the rapid rise of cities that have poor planning for walkability and active lifestyles. The correlation between the booming urban sprawl and the sudden obesity epidemic is currently being studied.

3. India: One study points out that while those living at or below the poverty line in America are more likely to be overweight (due to consuming the more affordable unhealthy foods), India is the opposite. Here the poor are underweight while obesity is seen among the affluent.

4. Russia: Russia may not hold onto this number four spot for very long since changes to importing processed foods from America and Europe caused waistlines to shrink dramatically.

5. Brazil: Ironically, Brazil had been working hard to eradicate child hunger. In a job a little too well done, Brazil is now facing an obesity epidemic. What happened? Perhaps Bolsa-Familia is to blame. While introduced to help poor families, the side effect of this cash transfer program saw profit-hungry companies tout their wares door-to-door, bringing affordable soda and other processed foods to the homes; no trips to the supermarket needed. Nestle even went so far as to claim they were “offer[ing] access to nutrition, health and wellbeing to the remote community of the north region” – and proceeded to peddle mostly ice cream, chocolate and yogurt.

6. Mexico: With over 30 per cent of the population obese, Mexico is hoping a soda tax will discourage people from consuming sugary beverages. The average Mexican drinks nearly half a litre of soda a day. The National Institute of Public Health hopes a 10 per cent tax will reduce soda consumption and prevent up to 630,000 cases of diabetes by 2030.

While Canada did not make this list (nor is it ranked in the top 10), Canadian obesity rates are on the rise. “Between 1985 and 2011, the prevalence of adult obesity in Canada increased from 6.1 per cent to 18.3 per cent,” cites this trend analysis. “Taking into account regional variations, we predict that by 2019…. half of the Canadian provinces will have more overweight or obese adults than normal-weight adults.”

most obese countries in world

An unhealthy body weight can lead to many health issues, and there is another problem facing obese Canadians: life insurance.

The unfortunate side effect of excess pounds often includes high blood pressure, diabetes, depression and heart disease. Since preferred rates are given to the healthy individuals, overweight life insurance seekers could find themselves with heavy premiums or even denial of coverage.

The issue in play is that underwriters have to mitigate their risk. If they are insuring an individual that appears unhealthy, they assume that individual is going to cost them money sooner than later. Is this fair? Of course not. There are many times when weight gain has nothing to do with unhealthy eating or lack of exercise. Certain medications, complications from pregnancy and injuries that limit mobility can cause weight gain.

Thankfully, no medical life insurance is gaining traction across Canada, giving people that would traditionally be denied insurance a hassle-free way to obtain a policy. No medical life insurance is just that: it does not require you to be examined by a doctor to get a life insurance policy. If you have a pre-existing condition or are worried that your weight will weigh heavily on your ability to qualify for a good rate, look into no medical insurance.

There are two types of no medical life insurance. Simplified issue policies ask some health-related questions and the benefit is typically around $150,000. Guaranteed issue does not have any questions and the maximum benefit is around $25,000.
Prevention through healthy eating and active living is your best bet in the fight against obesity. Even if your weight gain is due to factors beyond your control, nourishing your body through diet and exercise can keep your risk factors for disease low – and when proved by a doctor that your heart and blood pressure are normal, you have a good chance of qualifying for a preferred rate. For those that do not qualify, or those that simply want to skip the hassle of a medical exam, it’s no medical life insurance to the rescue.

Ebola And Other Disease Outbreaks

December 4th, 2014 · No Medical Life Insurance News


Ebola, a disease that was practically unheard of 40 years ago has become the most frightening disease in human history. New cases are reported daily and vaccine development is progressing at an ‘unprecedented rate’. The outbreak has been ongoing since March 2014 in the West Africa nations as reported by the World Health Organization and has rapidly progressed into a global epidemic.

Ebola And Other Disease Outbreaks continued ...

Top 7 Dangerous Countries in the World

November 13th, 2014 · Life Insurance, No Medical Life Insurance Tips

Most insurance companies generally ask for an extensive travel questionnaire and underwriting decisions are made based on preferred or standards rates. Some companies will have exclusions for deaths occurred in certain countries and the insured needs to sign off on an amendment form. Some insurance applications may even be declined due to an insureds’ history of high risk travel. Many factors will influence the insurance company’s decision including occupation, frequency and duration of travel, purpose of travel and travel warnings’ advisory posted by the government as well as citizenship.

Top 7 Dangerous Countries in the World continued ...

Dining on These Foods Could Be Your Last Meal

July 21st, 2014 · Life Insurance, No Medical Life Insurance Companies

When it comes to food, you don't discriminate. You embrace it all, and are practically drooling to try out new foods that have the potential of making your taste buds tingle! What you don't know is that from delicious delicacies to regular groceries, some of them contain toxins which could potentially end you.

You might love them, but the feeling clearly isn't mutual...

Eat at your own risk!

Dining on These Foods Could Be Your Last Meal continued ...

11 Things You Never Realized Could Affect Your Insurance Application

June 26th, 2014 · Life Insurance, No Medical Life Insurance Companies

Photo by Josh Hallett / CC BY
Having a DUI on your record could
  negatively impact your premiums.

You'd like to consider yourself a life insurance novice. You've done your research and know the primary factors that underwriters consider when determining your premium: your age, health, family health history, tobacco use, occupation, the policy term and amount. So when you confidently send out that application and end up receiving an unfavourable result, just what went wrong?There are so many things that your insurance company will consider when looking at your application (aside from the usual suspects), and it's good practice to be aware of them so you can exercise precaution.

11 Things You Never Realized Could Affect Your Insurance Application continued ...

Lorne Marr Shares 5 Essential No Medical Life Insurance Tips

June 19th, 2014 · No Medical Life Insurance News


When it comes to finding life insurance that fits your needs, it is a matter of knowing where to shop around, knowing what to look for and how to navigate the world of life insurance. Let me, Lorne Marr, help you do this with little fuss and great success by sharing five essential no medical life insurance tips. How do you know I can provide you what you need? I have been in the insurance industry for over 20 years, starting my career with Met Life before founding LSM Insurance in 2004. My goal is to help LSM Insurance become Canada’s top on-line life insurance brokerage.

Lorne Marr Shares 5 Essential No Medical Life Insurance Tips continued ...