Simplified Insurance Canada

If you have a term insurance renewing, it is beneficial to get a new quote. Prices for term have decreased dramatically in the past few years. I've had clients get new Term 20 for less money than their Term 10 renewal. With the new policy, there will typically be some conditions to be aware of: new suicide/contestability clauses for 2 years and you will have to be healthy enough to qualify for the new policy. Some companies are now asking Covid-19 questions, so that could result in delays for coverage. Look for Simplified Insurance that can get you qualified quickly without medical exams.

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Life insurance companies are making changes to their underwriting process to deal with the risk of Covid-19. I've had the question: Has the client traveled out of the country in the past 30 days or have they come into contact with a known carrier of the Covid-19 virus? If you are looking for a top up to your insurance, look for Simplified Insurance options!