Two simplified issue life insurance plans without a medical are on offer from Industrial Alliance.
The first plan, The Alternative, is available for individuals six months to 80- years-old, and premiums are payable limited number of years depending on the applicant's age.
The policy has a short series of health questions and the premiums are guaranteed to never increase. The face amount is also guaranteed. The one caveat with the plan is, if a death occurs by non-accidental means within the first two policy years, the payout is limited to a return of premium, plus 5% interest.
The Prospective policy is also available without a medical, but there are a longer series of health questions. The plan is available to applicants age 35 to 75, and premiums are payable up to age 100. The Prospective plan also provides coverage from day one.
For more details on no medical life insurance in Canada, please contact us at 1-866-899-4849, or visit our Non-medical Life Insurance Quote Page.