Home » Free Seniors Term No Medical Life Insurance Quote in Canada
Free Seniors Term No Medical Life Insurance Quote in Canada
What is Term Life Insurance for Seniors and Why Do You Need It?
Because of the shorter length of time and the lack of equity building, seniors’ term insurance policies are an economical way to be able to purchase insurance and ensure coverage. If you have any medical issues, seniors’ term insurance can also be purchased without a medical exam or questionnaire. Find out more about this insurance below.
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The above insurance consultants are independent brokers and not employees of nomedicallifeinsurance.ca / LSM insurance.
More about Seniors Term Insurance
Unlike whole life insurance, seniors’ term insurance does not build equity. Term insurance is also purchased for a set amount of years, which is known as the “term”. Once the term expires, the insurance is either cancelled or available for renewal at a new, and often higher, rate. This type of policy has some cons for long-term plans, but also has some fantastic benefits such as a lower premium and the ability to cover a set number of years. It is important to purchase seniors’ term insurance for the correct term needed. We can help you determine how long your term should be. For example, we can offer you a 30-year seniors’ term insurance policy with an option to renew at the end of your term, Seniors’ term insurance plans are also a great starting point for longer term insurance. If you simply do not have a lot of time to discuss insurance or look deeper into policies, talk to us about buying a short term policy. While your policy is still active, we can work with you on your schedule to find a longer term policy that may better suit your needs. This again ensures that you have adequate coverage at all times.
What we can do for you
Waiting is one of the worst things you can do when it comes to life insurance. It is best to purchase a lifetime policy before you experience health issues that may increase your premiums. Even more important, it is imperative to purchase insurance to enable your loved ones to financially survive in the unfortunate event of your death. We are happy to offer seniors’ term insurance options to those that need it. We want to ensure that no matter what stage of life you are in, you and your family have the coverage needed to carry on without you. We care about your wellbeing. Talk to our insurance advisors about the options that can be personally customized for you.
Full list of insurance companies that we work with
Our team of licensed life insurance brokers represents you. They will search for you for the best insurance option across more than 20 life insurance companies available on the market.
Our brokers often have more than a decade of experience in life insurance space and they have extensive expertise in insurance for seniors and for people with pre-conditions.
We develop and share a lot of educational materials including articles, studies, infographics, tools to inform you before you purchase an insurance policy.