Life Insurance with No Medical

Humania Life Insurance Without Medical Exam is designed for people who, for medical or other reasons, have had difficulty in obtaining life insurance. To purchase, all you have to do is answer six simple eligibility questions. You are protected immediately upon receipt of your application by the insurer.

Eligibility questions

Are you currently working?

In the last 12 months, did you work at least 28 weeks and at least 21 hours per week?

In the last 2 years, were you absent from work for more than 15 consecutive days due to Illness or did you receive disability or critical Illness benefits under a private, group or public insurance plan? This refers to any private insurance plan you may have, any insurance coverage provided by your employer, professional association or other group or organization, and coverage provided by government agencies, both provincial and federal.

In the last 2 years, did you receive treatment or were you advised to seek treatment regarding the use of drugs or alcohol? Treatment includes, but is not limited to participation in a support group.

In the last 5 years, were you incarcerated in a penitentiary for more than 48 hours?

In the last 6 months, did you have any physical or mental symptoms or discomfort for which you have not yet consulted a health professional?

Product features

There are three available coverage options: Gold, Silver or Bronze level.

Assumption Life offers two no medical exam plans: Golden Protection and Total Protection. Golden Protection has a feature called “Plus” which increases the face amount by 3% every year but the premiums remain the same each year. The “Plus” feature is about 30% more expensive to reflect the cost of increasing the coverage amount by 3% each year. After 10 years, the coverage is 30% more, at which point this product becomes worth the extra premiums. Golden Protection is the less expensive of the two but there are more questionnaires to satisfy.

Product features

• Coverage amounts from $1,000 to $50,000
• No height or weight tables
• People with diabetes, type 1 or 2 can typically qualify
• Coverage starts from when the application is completed and cheque submitted
• Paid up and guaranteed cash values start in the third year
  issue ages of between 40 and 85 years of age
• Benefit amount doubles if death caused by accident and triples if it is in public transportation vehicle
• If diagnosed with only a few months to live, you can apply for 50% of the death benefit while still living. The remainder paid on death. Before using this option, consider the purpose of the life insurance and if there will be sufficient funds left for that purpose.

Assumption Life also has a non-medical term plan called InstaTerm, that any of our knowledgeable agents would be pleased to review with you to determine if you qualify.

The second option from Assumption Life is called Total Protection. It asks only 4 qualifying questions for up to $30,000, and an additional 4 for up to $50,000 of coverage. Total Protection is also known as a “Deferred” plan, where if death occurs in the initial 2 years of the policy, due to a cause other than accidental, they will refund the premiums paid, but not the death benefit. After the policy has been in-force for 2 years, it will pay the benefit, regardless of cause. Total Protection is the more expensive of the two but easier to qualify since there are less questionnaires to complete.

Product features

• Coverage for between $5,000 and $50,000
• Only two qualifying questions
• There is a two year deferral. If the insured passes within the first two years, premiums are returned with 3% interest.
• Only four questions to qualify for up to $30,000 with another four questions to qualify for up to $50,000.
• Available between ages 18 to 80. These can be an affordable option particularly for younger people with significant medical issues.

Canada Protection Plan life insurance is a no medical exam product which several questions are asked in order to determine eligibility. Please read carefully and see what you would qualify for.

If any questions in Section A are answered with a “Yes”, coverage is not available.

If any questions in Section B are answered with a “Yes” then only the Deferred Life plan is available. This means that no death claim will be paid for two years from date of issue and only the premiums will be returned with a nominal interest rate (currently 3%) should you die in this two year period.If all questions in Section A and B are answered with a “No”, then Simplified Life is available and benefits start on issue.

If all the questions in Sections A and B and C are answered “No”, coverage is available for $50,001 to $75,000 which is referred to as Simplified Life Plus unless you are a smoker in which case it is only available for $50,000. There is also section D, with one additional question, which if answered “No” increases the maximum coverage to $100,000.