Unsurprisingly, as it is with many serious medical illnesses, heart attacks can have an adverse effect on life insurance applications. Many people talk about heart disease and think that getting insured after a diagnosis is impossible. This is not the case; it can be difficult but certainly not impossible.
Since the earlier half of the 20th-century heart health and medical procedures have made a huge leap forward. The Heart and Stroke Foundation stated that today 95% of Canadians who make it to a hospital after an attack survive, a jump of 30% from 65 years ago. Although a heart attack is still a very serious health crisis, with the right medical advice and procedures you can still live a healthy life.
This week, we at LIFC are looking at what you can do to improve your chances at getting insured after experiencing a heart attack. By knowing what to expect from your insurance provider and how to improve your health you will find a plan that works best for you. Full article →
BMO Insurance recently rolled out their newest insurance plans, InsureNOW and InsureNOW Plus, and their focus is somewhat different and unique compared to the market at large. With an aging population and a greater focus on investment and wealth management, InsureNOW seems to do things quite different – it’s making insurance easier than ever to get for young Canadians, available from ages 18 to 49.
But just how easy and effective is this plan at providing solutions for millennials?
If you’re looking for life insurance while trying to avoid the medical exam – either because you want to or you need to – you’re going to find yourself at a loss in two categories: coverage and additional options.
Most no medical life policies offer you a basic plan with a limited amount. Humania Assurance, a specialist disability benefits providers, has done something a little different with their Life Insurance with No Medical Exam – a plan that offers a huge deal of flexibility in an otherwise rigid market.
Whole life insurance is often a complex and involved life insurance plan, even when it’s non-participating and issued for simpler needs. Some benefits, however, are of a particular advantage to prospective retirees. The benefits of a whole life plan are now better available to Canadian seniors with plans like Equitable Life’s Final Protection.
On Monday, Assumption Life updated one of its core flagship insurance products – their FlexTerm plan. The changes are notable in a sense that it brings what Assumption Life has always done best (providing better options to Canadians with few) with what everyone wants to see – more for you and less for them.
This plan had some difficulties in the past – so a here-and-now is in order.