What is Simplified Issue Life Insurance? Simplified issue life insurance is a type of non-medical life insurance. As its name suggests, this policy requires no medical exam but still has a number of health-related questions to fill out in a questionnaire. Typically, the longer is health questionnaire, the lower the premiums. A typical policy limit is $150,000 and if you were denied life insurance in the past two years, this policy may be not available for you.
An experienced life insurance broker (see the quoting button below) can provide more information about Simplified Issue Life Insurance policy and also compare the premiums for this type of a policy across multiple insurance providers. Discussion with broker is entirely free and there is absolutely no obligations to buy. An insurance broker can also suggest other types of insurance such as e.g. Standard Term Life Insurance that typically costs less but might be not available for people with particular health pre-conditions.
Our Publications related to Life Insurance
Life, Disability and Critical Illness Insurance: Do Men or Women Pay More?
Introduction There were many articles written about men paying more for car insurance than women, but what about other insurance types? Do women always benefit from lower insurance rates? We took on this question and systematically went through various life insurance, disability insurance, and critical illness insurance by consulting with professionals who had the answers. […]
Introducing a New Tool to Find Out What Issues Canadian Face with Their Insurers
The arrival of COVID-19 has pushed Canadians, more than ever before, online for finding and applying for insurance and banking products. It is not easy, though, to make the right choice without knowing if a particular insurer will be there when you need them the most. As the largest Canadian review platform with thousands of […]
If Life Insurance Plans Were Cars: How to Look at Various Types of Life Insurance in Canada
Overall, insurance is considered a somewhat boring, though necessary, topic. On top of that, it is not always clear – there are plenty of various types of life insurance products in Canada that work differently. I decided to explain it in a bit of a different and funny way – I hope that you will […]
Insurance Companies in Canada – Easily Explained
The life insurance landscape in Canada is quite unique. The infographic below shows all the key players and their size, reflecting their assets under management (AUM) based on life and wealth segments of the company’s business. scroll further down to continue reading In Canada, the majority of insurers fall under the umbrellas of three large […]
What is Travel Insurance, and Why Do I Need it?
By RateHub.ca When it comes to budgeting for your vacations, travel insurance is one of those things that’s often overlooked. It’s easy to understand why: we have publicly funded healthcare in Canada, so many people assume that benefit applies to wherever we travel in the world. Unfortunately, that’s not the case. The cost of seeking […]