Term Life Insurance is a form of life insurance that provides coverage for a set period of time, often in 10 or 20 years. Once the term ends, you may elect to renew your coverage at new rates. Some term life policies also allow you to convert your coverage into Permanent Life Insurance.
With No Medical Term Life Insurance, you have the convenience of planning for short-term financial needs such as a new home, a new family, or helping to secure an outstanding debt or loan; and you have the freedom to do so without a medical exam.
As term life insurance is ideal for protecting against temporary financial needs, it is well suited to individuals young and old. No medical term life insurance may be ideal for the following situations:
Seniors who wish to insure themselves for larger amounts to protect their estates and investments against taxes.
Younger families where health problems or insurance history leaves them with few options for life insurance.
Overweight individuals or people with chronic health problems who would be rated higher on their life insurance premiums.
Children with congenital health issues who need the assurance of protection as they age.
We work directly with some of the largest providers of No Medical Permanent Life Insurance such as BMO, Sun Life, ivari and many more. Whether you’re looking for modest coverage, or to secure larger financial obligations, we offer a range of life insurance plans to ensure your needs are met.