Simplified Life Insurance

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Homeowner's policy is a
insurance policy.

A Life Insurance policy, without a medical examination!

Many Canadians face rejections of life insurance applications because of different reasons. Most of them are related with pre- existing medical conditions, risky lifestyle choices or risky job profiles. Simplified Life Insurance comes in when other life insurance is not of much help. Simplified Life Insurance also known as Non Medical Life Insurance, does not require you to undergo any type of medical examination. However, you have to fill out a small health specific questionnaire.      

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Simplified Life Insurance details

  • Designed for individuals who have medical history.
  • Offer coverage even if you follow an unhealthy lifestyle.
  • Coverage offered is starting from $100,000 and maximum up to $500,000.
  • No need for getting a doctor certificate or undergoing a medical exam or report for getting insured.
  • You have to fill a small health questionnaire.
  • Can be purchased as a term insurance or a permanent insurance.
  • Easily accessible and hassle free process.
  • Lower chances of application rejections.  
  • Coverage for funeral expenses.
  • Premium you pay will not depend upon the health questionnaire you filled for the process.
  • Can help you with estate taxes if you have your own estate.
  • Coverage is given in the form of days not weeks like other policies.
  • Any Canadian citizen can apply.

As Simplified Life Insurance provides less information to the insurer about the applicant’s health condition making it difficult to calculate risk involved. Because of that reason the premium of Simplified Life Insurance is higher as compared to other life insurance plans. Simplified Life insurance helps you get insured for the time period you want and the premium will depend upon the coverage you opt for.

Simplified Life Insurance is for individuals

  • Have got their insurance application rejected in the past.
  • Have unhealthy habits like smoking.
  • Engaged in a risky job profile or unhealthy work environment like mining.
  • Are overweight or have obesity.
  • Are scared of blood tests or needles.
  • Have high chances of life insurance application rejection.
  • Looking for a faster way to get insured.

Limitations of Simplified Life Insurance

  • Higher premium.
  • Death benefit amount is less.
  • Waiting period for the policy is 2 years; the family will receive no death benefit if you die before that.
  • Limited additional features.
Ez Financial offers specialized insurance services that helped us in building a brand image and a strong customer base over years. The plans offered are tailored as per the need, limitations and financial goals of our clients. We have a vast network of renowned insurance companies that make it possible for us to offer best insurance solutions within our client’s budget. We can help you find the most suitable insurance product that meets your short term or long term requirement. We offer Simplified Life Insurance and aim at making the whole process fast and as client friendly as possible.     

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