Industrial Alliance offers a unique simplified issue term life insurance plan for seniors.
Many companies offer simplified issue whole life insurance, but the number of simplified issue term insurance providers is much more limited.
A plan called The Alternative is a non-renewable and non-convertible 20-year term policy, which offers guaranteed level premiums for the entire term. Face amounts on the policy can range from $10,000 to $100,000.
The policy includes four health questions and limits the death benefit in the first two policy years, for non-accidental death, to a return-of-premium plus 5 per cent interest.
Insured issue ages can be as young as 20 and as old as 70.
Click for more details on no-medical life insurance in Canada, or contact us at 1-866-899-4849.