An individual with a criminal record can get life insurance but it depends on the severity of offences, how much time has passed, and whether rehabilitation has been demonstrated. While some companies may offer traditional policies at higher premiums, others may only approve high-risk applicants for simplified or guaranteed issue life insurance. Being upfront about your record is crucial, as hiding it can lead to denied claims. Read this article to explore your options and find the best coverage for your situation.
A Guaranteed Insurability (GI) rider allows you to increase your life insurance coverage at specific intervals without medical exams. It’s a valuable option for those anticipating major life changes, such as starting a family or buying a home. Learn how it works, its costs, and whether it’s the right fit for your financial future.
Whole life insurance offers permanent coverage with living benefits you can use during your lifetime.
Compare the options and find affordable life insurance for seniors and older people in Canada.
Learn how much whole life insurance costs at various ages and coverage amounts and if it’s worth the price.