No Medical Life Insurance
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No Medical Life Insurance
Finally, You can Get Up to $300,000 In 15 Minutes or Less.
Far more Canadians are wanting easy to get life insurance without a medical, lab samples, ECG, needles or other traditional underwriting requirements.
Several carriers have created very good options and this page aims to completely explain non medical life insurance and why it might be the right choice for you.
What is No Medical Life Insurance?
Insurance can be put in place in 30–60 minutes with some carriers.
Eligibility, pricing and overall limits will depend on the carrier and questionnaire you complete online with one of our advisors.
An application takes only 10 – 15 minutes to complete.
Why Non-Medical Life Insurance?
Life Insurance for Seniors Over 65
We have policy options so seniors over age 65 that can be customized as required.
As we pass certain milestones, it becomes more difficult to qualify for life insurance. Health issues that you have faced head on, add to your medical history report even if those issues are well managed.
Seniors over 65 may not need as much coverage as a young family but might like to ensure their spouse has a little extra to manage without them, leave an inheritance to loved ones or pay for final expenses.
A small funeral or cremation and an end of life celebration can be expensive. The people we leave behind will miss us and want to pay their respects and say goodbye.
Funeral insurance is just another name for permanent life insurance. The average funeral cost in Canada is $8,500.
You’ll be well served to speak with an independent life insurance broker about funeral plans to ensure you get the best price and don’t pay too much for a program specifically marketed as ‘funeral insurance’.
Insurance with HIV
Having an autoimmune disease can make the prospect of finding life insurance seem impossible but now insurers are getting more reliable data and have started opening up and covering more conditions.
Qualify for up to $50,000 with no medical exam and simplified questionnaire.
Fully underwritten coverage with higher coverage limits is available people with HIV.
Dangerous Sports and Avocations
Participating in these activities does not completely eliminate traditional insurance. However, it’s most common for the underwriter to charge a rating (Extra premium) or offer coverage with an exclusion for your specific activity.
The process is much quicker and roughly the same price with a non-medical policy.
Foreign travel is always a factor in the traditional underwriting of life policies.
On a non-medical application, the questions are broader and more lenient on future travel plans. Questions are typically forward looking and may not include details for recent travel.
A sample non med question:
“Do you plan to travel outside North America, the Caribbean (excluding Haiti), the United Kingdom or the European Union countries for more than 12 consecutive weeks in the next 12 months?”
This is a typical yes or no question while a traditional underwriter might want all of your future travel plans in a detailed description.
Flying and Aviation
Flying anything other than a commercial aircraft on a regularly scheduled route will likely result in a modified offer from a traditional underwriter. The most common underwriting approach would be to offer coverage with extra premiums (rating) or to cover everything but flying (exclusion).
Depending on the amount of protection required, a non medical policy is often a perfect solution for Canadian pilots.
Driving History Matters
*Note: If the infractions occurred more than 5 years ago, with no recent issues and otherwise healthy, many underwriters would consider you for a fully underwritten policy.
Life Insurance with a Criminal Record
A criminal record will likely push a fully underwritten policy out of reach. Guaranteed and simple issue will often be the primary way to get the protection.
Non-medical life is not just for people with compromised health. The amount of no medical coverage available is subject to different criteria:
Drug & Alcohol Abuse
Mental Nervous Disorders Life Insurance
Mental nervous conditions are increasingly more common and can be detrimental to a traditional application.
This is a wide topic but even severe depression and bipolar disorder can be covered with a no medical policy.
Anxiety of Life Insurance exams
This is a big one for many Canadians. The mere thought of a paramedical exam or a needle to draw blood samples can be overwhelming.
20% of the population has Trypanophobia (fear of needles). A No Medical Life Insurance policy in Canada does not require blood samples—No Needles! 😊
Not everyone is comfortable with a nurse coming into there homes. No medical policies are a great work around for getting your coverage.
Simple Issue – Standard
The application is a ‘knockout’ style questionnaire. The more questions you can honestly answer “NO” will lower the cost per thousand and increase the amount you can get.
Qualify for up to:
Simple Issue – Elite
A knockout questionnaire similar to the simple issue standard but a little more detailed and restrictive. Still quite accessible but the lower price and higher coverage limits require a few more questions.
Qualify for up to:
Height & Weight Build Tables
Build is a major factor for most carriers—both simple issue and fully underwritten.
We have one simple issue carrier with no build question at all for coverage up to $300,000. Coverage over $300,000 will have a build table in the questionaire but simple issue tables are far more liberal than a standard policy through traditional underwriting.
Without a medical exam, the insurer is taking on more risk and the possibility of underlying conditions developing into mortality risks.
No Attending Physician Statement (APS)
With traditional underwriting, a complicated medical history or borderline conditions will usually ensure the underwriter requests more information directly from your doctor. This report is called an “attending physicians’ statement” or APS.
An APS is a full medical history report from your doctor including all visits, test results, medications, treatments, and recommendations.
Doctors are quite busy. These reports can take from 2–12 weeks depending on the doctor.
No Medical Life Insurance is literally the fast track for putting quality coverage in force as quickly and easily as possible.
Best No Medical Life Insurance in Canada
How much coverage do I need?
With No Medical Life Insurance there are limits to how much you can buy.
Sometimes you will not be able to get all the coverage you need with one carrier or the premiums might be too much for you budget.
Why Use a Broker ?
First of all, brokers all get the same price for no medical insurance. The real question is whether the broker you work with has expertise in simple issue coverage and knows what each carrier has to offer.
Some carriers sell directly to the public at the same price as a broker, this option is not in your best interest. Going directly to the carrier means you get one option only and you’re dealing with a call center agent that may not be around when you need their help in the future.
Using a broker ensures you get professional expertise and the carriers client service team bundled together with your policy. Same price with double the service and support.
It’s not always a straightforward easy process when it comes down to finding adequate and affordable life insurance products, so do yourself a favour and let a broker do the comparisons and manage the applications.
We are here to help you buy at your convenience whether that’s on a weekend, lunchbreak, or late in the evening after the kids or grandkids go to sleep. Not to mention you’re supporting a small Canadian business instead of a massive corporation.
How do I get a quote?
How Do I Buy My Insurance Online?
1: We’ll start with a phone call to discuss the variables and get to know each other a bit.
2: Run the quotes and narrow the search to a couple options.
3: Plan a convenient time for the online application.
4: We send you a web link that you can click to see our broker portal & online application.
5: Complete the application questions and basic info together.
6: Sign the application through a secure email.
7: Receive the policy by email or paper mail – depending on the carrier and your preference.
Paper applications are still possible, and we can accommodate that process if you prefer?