Guaranteed Issue Life Insurance

Guaranteed Life Insurance

Guaranteed Issue Life Insurance is a life insurance policy that guarantees you cannot be declined coverage for any reason. There are no medical exams or health questions to qualify for Guaranteed Issue Life Insurance, making it an ideal solution for individuals who can’t get coverage any other way.

How much coverage can I get?

The amount of coverage varies depending on the plan, but most guaranteed insurance products offer coverage up to $25,000 with no medical exam or health questions.

Who is eligible?

Citizenship status: A Canadian citizen or permanent resident as well as landed immigrant who has been in Canada for more than 1 year.

Age: 45 to 80

Key Benefits of this plan:

  • Perfect for individuals who need life insurance but have health issues that would disqualify them.

  • Full benefits payable after two years, with a refund of premiums before that time.

  • Preferred rates for non-smokers.

  • Quick-issuing. Some plans can start the day you apply for them, with little to no wait times.

Expert Answers about Guaranteed Insurance
Do I need any health exam?
Guaranteed issue life products do not require any health exam whatsoever in order to apply. There are no health questions, and premiums are fixed based on age, gender, and smoking status. This can provide an affordable option for individuals who could be declined or rated for a health issue.
How much coverage should I buy for funeral expenses?
In most cases, your funeral expenses are a personal cost. While an experienced broker can help you qualify a specific amount and work it into your financial circumstances, you may wish to plan your funeral expectations alongside considering what policy you will need.

3 Reasons to Choose LIFC:

We work directly with over 20 leading Canadian insurance providers

We are able to find the lowest premiums on the market

We offer a complete range of plans to suit any need and budget

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