Obesity and Simplified Issue Life Insurance

The obesity rate in Canada is probably close to 25%, according to the Public Health Agency. However, if you find yourself among that number, this doesn’t necessarily exclude you from qualifying for life insurance.

Simplified issue life insurance policies are available without a medical, but do have a series of health questions. As a general rule of thumb, it’s common that the more health questions, the lower the premium and the better the overall coverage.

Only some simplified issue applications ask a height and weight question, but others do not. If you’re concerned about your weight excluding you, ask your broker to find a policy with no questions to do with weight. Assumption Life, Industrial Alliance and Canada Protection Plan (CPP) all offer simplified issue permanent policies without a height and weight question.

These plans offer fixed premiums and coverage from day one. Assumption Life has both a level and increasing death benefit plan, while CPP offers their policy on a life-pay or limited-pay basis.

Canada Protection Plan and Assumption Life also offer no medical term life policies, but these policies do you have questions to do with build. For more details on which plan may be right for you, visit our No Medical Life Insurance Quote Page or give us a call at 1-866-899-4849.

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2 comments on “Obesity and Simplified Issue Life Insurance
  1. Sandra says:

    Like all investors, Life insurance companies have to take every aspect into affect when issuing you a policy. They want to make sure they are getting the proper amount of return for the “risk” they are taking on insuring your life. This means that if a person has a higher risk of dying due to age, occupation or medical conditions they are going to have to pay a higher premium than someone who is younger and in good health.

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