LSM insurance has been providing non-medical life insurance solutions for over 17 years. We work with a variety of carriers that provided insurance solutions for the hard-to-insure.

Approximately 4% of life insurance applications in Canada are declined each year, due to medical or lifestyle issues. This represents over 30,000 applications and over $8 billion a year in face amounts.

 

LSM insurance can help those hard to insure in a variety of ways:

1. If you’ve already been declined for life insurance, we’ll be able to take a look at your current health history and your past applications to find the best fit for you from either traditional or non-medical life insurance carriers. Non-medical life insurance policies can either be guaranteed issue (no health questions and no medical tests) or simplified issue (no medical tests and only three to 12 health questions)

2. If you have a serious health issue, but have never applied for insurance, we can recommend — or determine — whether a non-medical or a traditional life insurance plan would be best. We often recommend applying for a simplified issue plan initially and then applying for traditional life insurance, once this is in place. If the traditional life insurance plan is approved, the insured can cancel their simplified issue plan. The reason this approach makes sense is, many simplified issue plans ask if the insured has been declined in the last two years.

3. If the insured’s health issues are less severe, we will be able to recommend the best traditional life insurance provider, i.e. many traditional life insurance carriers have different underwriting guidelines and protocols.

For more details, please contact us at 1-866-899-4849 or visit our online Non-medical Life Insurance Quote Page.

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