Insurance can be confusing. Life Insurance for people who have a history of illness can be even more confusing and often people are turned away.
I have made it my mission to be able to say "You Are Insurable" to people that traditional insurers view as "high or impaired risk."
If you are between the ages of 18 and 80, please take a moment to check your 'insurability' below (I think you will be pleasantly surprised), and click on Get a Quote to find out how to obtain coverage that fits your budget.
How insurable are you?
• Canada pension plan disability benefits are denied to 60% of those who apply.
• 10% of ALL traditional life insurance applications in Canada are declined every year.
• Over 25% of applications for traditional disability and critical illness insurance are declined in Canada each year.
• 100% of Traditional insurers will decline or severely rate an applicant with a recent history of heart disease, stroke, cancer, Aids/HIV, muscular dystrophy, Type 1 insulin dependant diabetes or any of a myriad of other conditions.
• Declined applications are noted on a North American Database called the Medical Insurance Bureau (MIB). It operates like the Credit Bureau enabling Insurers to check if a potential client has been denied coverage in the past, and why. Being declined once for coverage can make it much harder to be approved in the future.
Traditional insurers will decline your for:
• HBP, high cholesterol or blood sugar not "under control" for at least 12 months.
• BMI score over 50.
• DUI in the last 5 years.
• More than 3 speeding tickets in the last 2 years.
• Using more than 2 grams of marijuana per week.
• Taking any illicit hard drugs in the last 5 years (even if only once).
• Having any surgery, medical investigation or treatment not completed yet.
• Planning to travel to a "flagged country" in the next 12 months.
• Having a risky job or hobby.