Guaranteed Life Insurance: Free Insurance Quotes


What is Guaranteed Life Insurance?

Guaranteed life insurance (also called Guaranteed Issue Life Insurance) is an insurance policy that you always can get. There is no medical exam or questionnaire needed, you simply apply by filling out the appropriate paperwork.

Guaranteed life insurance in Canada is a perfect solution for anybody who is not able to qualify for other insurance types e.g. due to senior years and / or a pre-existing medical history that will not allow them to purchase a standard life insurance policy.

Even if you have been denied a policy in the past, you can apply for guaranteed issue life insurance. Find out more about this insurance below.

You can purchase this life insurance policy remotely, which is very important during COVID-19 times. Our experienced life insurance brokers will be able to find for you the best rate.

Get Your Free Guaranteed Issue Life Insurance Quotes

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Guaranteed Issue Life Insurance: Who is it for?

Guaranteed Issue life insurance always seems like the most no fuss insurance choice for those who hear about it for the first time.

Guaranteed life insurance with no health questions can cover all complicated cases with pre-existing health conditions such as:

  • Alcohol or Drug Abuse
  •  Depression
  • Obesity
  •  Insulin treated diabetes
  •  Cancer
  • Heart Failure
  •  HIV
  • Multiple Sclerosis
  • Alzheimer’s Disease
  • Other serious pre-conditions

The commercials and advertisements can be very alluring because the insured is not asked to complete any health questions and there are no medical tests. However, this convenience comes at higher guaranteed life insurance rates.

Most guaranteed issue life insurance plans have a two-year waiting period or longer on non-accidental death. It means that should a policyholder die within the first 2 years; no claims will be paid (and just the paid premiums will be returned). Moreover, the issue limits are low on these policies (i.e. typically below $25,000) and the premiums are high.

The best fit for these type policies are individuals who have very serious health issues and are unable to qualify for Simplified Issue or Traditional Life Insurance policies.

Simplified Issue life insurance policies also have no medical tests and have anywhere from 3 to 12 health questions. Life Insurance coverage on these policies are much higher: $500,000 – $750,000. Click here if you believe that Simplified Life Insurance could be a better fit for you.

Traditional life insurance policies have a full range of health questions and — depending on the insured’s age — a series of health tests, such as urine sample or blood test. However, the face amounts on these policies can be much higher, up to $3,000,000 – $5,000,000, and the premiums are lower than simplified issue plans.

Meet some of our experienced insurance brokers who will be helping you

William Shung
Tamara Humphries
The above insurance consultants are independent brokers and not employees of / LSM insurance.

More about Guaranteed Life Insurance

One third of Canadians do not have life insurance. Too often, life gets busy and complicated and life insurance needs are put on a backburner. They are not considered again until retirement age starts to approach. Unfortunately, around this same time, many people are realizing that previous health issues, combined with age, now make it very difficult or impossible to obtain life insurance.

This is exactly where Guaranteed Issue Life Insurance comes in. With pre-determined payments that do not increase and policy payouts that are designed for senior years, this type of policy is a way to ensure that your needs (e.g. funeral or burial coverage) will be met. In addition to providing insurance when standard policies fail you, not having to complete a medical exam for your Guaranteed Life Insurance policy helps to speed up your policy approval time and completed it remotely.

Guaranteed Life Insurance and COVID-19

Guaranteed Life Insurance is one of a few insurance types that can be easily purchased during the COVID-19 times since it does not require an in-person medical exam.

You are approved immediately and can complete the entire transaction remotely, without risking your health or health of your loved ones.

Guaranteed Life Insurance: Why us?

We are pleased to find for you the best guaranteed life insurance policy at very competitive rates. We work with over 20 insurance providers and thus can compare for you a wide array of offers.

We are also proud to be able to offer you this very important way to secure your family’s financial future and a worry-free method to cover your necessary expenses (e.g. final expenses). While death and taxes may seem like a grim future, knowing you are prepared will lighten your current days, allowing you to live enjoying the happiness you deserve.

Full list of insurance companies that we work with

Assumption life SSQ Financial Group Canada Life Industrial Alliance Equitable life IA Excellence The edge Foresters Desjardins Western Empire life BMO Iavari RBC Insurance La Capitale Canada Protection Plan Wawanesa Life Humania