Two of the leading direct suppliers of guaranteed issue life insurance in Canada are BMO Insurance and Manulife Financial. Both guaranteed issue plans are available via the suppliers’ respective websites and call centres, but they are not available via their…
1. How long is the waiting period for non-accidental deaths? Most guaranteed issue policies have a two-year waiting period, which means that if the insured dies in the first two years, the coverage is limited to a return-of-premium, plus interest.…
What’s the catch? Most of us have seen the advertisements on TV, or heard them on the radio: life insurance with no medical tests and no health questions. How can this be possible? Insurance companies are able to offer this…
Guaranteed issue life Insurance seems like a no hassle, easy way to buy life insurance. The ads make it sound so simple: no pushy salesperson, no medical tests and no health questions. However, all this convenience and simplicity comes at…
