Individual Term Guaranteed Issue No Medical Life Insurance

Insurance is an investment you make for your family and loved ones. Insurance ensures they can maintain their lifestyle and live worry free in case you are not there. Whether you have a serious health condition or are completely healthy, guaranteed issue, no medical, term insurance is an excellent plan for people who want their life insurance fast. Majdoub Financial Services in Ottawa are experts in the life insurance space and help you choose the no medical life insurance plan that is best for you and the appropriate coverage.

The Simplified Term Plus policy provides coverage for a fixed period of time. It is available both in level term and decreasing premium versions. It is available with 10 or 20 year renewable premiums or level premiums to age 100. For the renewable premiums, your premium payments will increase for each renewal period. For the level premium to age 100, premiums never increase. There are a number of options available with this plan. It can be purchased if you are 20 to 70. The best things about this plan are:

  • no waiting period
  • guaranteed issue
  • no medical examination
  • an excellent option for those who are hard to insure, have been turned down before or are just looking for quick, hassle-free life insurance.

Standard Benefits


Coverage amounts can range from $25,000 to $150,000.


You can renew your policy without any additional medical information for additional periods until you turn age 80 for 10 year renewable and age 90 for 20 year renewable.


Optional Features

Accidental Death Benefit

If you die by accidental means and your payments are up to date, the amount of the Accidental Death Benefit will be paid in addition to your coverage amount. This benefit is available in amounts equal to 1, 3, or 5 times your coverage amount or $250,000 whichever is less. This option is available for those 25 to 65. Premiums for this option will not increase. This benefit ends when you turn 70.

Child Term Benefit

You can also purchase $5,000 of coverage for each of your children. This option is available for children 30 days to 18 years old. The benefit ends when the youngest child turns 25, or when you turn 65, whichever occurs first. One premium covers all of your children. Even those born or adopted after your policy is issued.

No Medical Simplified Term

Answer no to a few health questions asked on the application and purchase Simplified Term 10, 20 that starts as low as $50,000 and going as high as $150,000 or Term 100 starting as low as $25,000 going to up to $150,000. This plan starts right away. Premiums for this plan are among the lowest in Canada and will not increase during the period of the term you choose. This product is renewable, not convertible. This plan is available from age 20-70.