No Medical Term Deferred

A Coverage for People with Health Problems

If you have a health problem that prevents you from qualifying for Assumption’s immediate insurance products, you can take advantage of the Assumption’s no medical term – deferred as an alternative. This plan offers the same benefits and guarantee of the immediate insurance product, however, your coverage will be deferred for the first two years of your contract. Depending on your needs, you can choose either the 10 or the 20 years of coverage. Furthermore, this plan is specifically designed for Canadians between the ages of 20 and 70. Also, just like the immediate plan, this plan does not require any medical exam or blood tests during application and also it does not require attending physician statement (APS).

Product Features and Overview

Assumption's No Medical term deferred has a coverage that ranges from $50,000 to $150,000. In addition, you can get instant approval if you apply online with LIA. For the duration of the term you selected, the premium is guaranteed never to change. The plan also offers transportation benefit and living benefit.

  • No Medical term immediate insurance is designed for Canadians between 20 and 70 (both inclusive).
  • No medical exam or blood test is required to apply for this plan.
  • Depending on your insurance needs, you can choose between 10 or 20 years of coverage.
  • The plan does not require an attending physician statement (APS).
  • The coverage for this plan ranges from $50,000 to $150,000.
  • The coverage for this plan is deferred for the first two years of the policy.
  • If you apply online with LIA, you will get instant approval.
  • The living benefit of this plan is 50% of the insured amount. This benefit is paid in the event of a terminal illness.
  • The plan also provides transportation benefit up to $2,000 for 200km.
  • The premiums and coverage for this plan will never change for the duration of the term you selected.

 

 

Additional resources

Learn more about other life insurance options from these informative articles.

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