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.
10 No Medical Life Insurance Myths—Debunked and Clarified What is No Medical Life Insurance? No medical life insurance is a…
Critical Illness Costs Compared for Various CI Insurance Types What is Critical Illness Insurance Critical illnesses such as cancer, heart…
How Having an Office Job Affects Disability and Critical Illness Insurance Rates Why Disability Insurance and Critical Illness Insurance Matter…
Disability Insurance for High-Risk Jobs: Cost and What You Must Know How does Disability Insurance work? Disability Insurance offers a crucial…
Disability Insurance for Senior Citizens: How Much is it and What Should You Know? How does Disability Insurance work? Unlike…
Why is Critical Illness Insurance Important for Seniors? As we age, the likelihood of confronting a critical illness increases significantly,…
