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.
Why is Critical Illness Insurance Important for Seniors? As we age, the likelihood of confronting a critical illness increases significantly,…
Life Insurance and High Blood Pressure: Background Getting Life Insurance with High Blood Pressure What is a Rated Policy? Can…
Life Insurance and Cancer: Introduction Does Life Insurance Cover Cancer? Can You Get Life Insurance with Cancer? Different Types of…
Life Insurance and Diabetes: Introduction Can You Get Life Insurance with Diabetes? Different Types of Life Insurance Explained Standard Life…
Life Insurance and Depression: Background Can you Get Life Insurance with Depression? Does Life Insurance Cover Depression? What Type of…
Life Insurance during and after the pandemic Life insurance has always been a part of life for many Canadians, either…