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Can I get Life Insurance?

Do I qualify for Life Insurance?

There’s a good chance you will, most people have a lot of preconceived notions or misinformation regarding whether or not they will be approved or qualify for Life Insurance.  The way the market is today chances are there will be a policy that you can get even if think you are hard to insure or are hard to insure.  

The insurance companies look at three things when they are deciding or evaluating the risk of insuring you.  People often don’t realize; when you apply for life insurance all you’re really doing is giving the insurance company permission to underwrite the risk of insuring you.  After they have completed evaluating the information you have allowed them to collect they will make you an “offer to insure” When you get the offer you are under no obligation to accept any offer you are made.

After all this is not the Godfather, you CAN refuse an offer



Let’s look at what Life Insurance companies look at when they are deciding on whether or not they will make you an offer to insure.

First they will look at your health

If you are buying $250,000 of life insurance or more there is a good chance they will send a nurse or Health Care Professional as they like to be called to do a Paramedical Exam.  This is not like a full physical your Doctor does annually.  No need to undress and it can be done in your home or your office.  They will check your vitals, meaning your height, your weight, your blood pressure, your pulse etc.  They are also going to ask a lot of health related questions. For example, have you ever had cancer?  have you ever had a heart attack? They cover almost every health category in the questions and will want to know what medication you’re currently on, the dosage, how long you been on the medication and why you’re on the medication.  They will also ask for your doctor’s information.

  • Who is your Doctor?
  • When did you last see your Doctor?
  • Why did you see your Doctor?
  • Were any follow-up visits or examinations needed?
  • Were you referred to a specialist or were further tests or diagnostics ordered?

All these things are to do with your health.  Depending on the face amount or the amount of insurance you are buying and your age they may also ask for blood and urine samples and tests like a resting ECG for example.

Blood and Urine samples are usually but not always a requirement on people buying $250,000 of coverage or more.  This also gives you the opportunity to be offered a better than standard rate, what is referred to as a preferred rating.  When the underwriters have this information and it is determined you have great health or exceptionally good health they are at liberty to reduce your monthly premiums and offer what is called a Preferred Rating or a Preferred Plus rating.

I should mention when they look at your health there not looking to decline you on every single thing, for example you can have high blood pressure and or high cholesterol and as long as it is well controlled by medication, it will not preclude you from getting Life Insurance.  Even for more serious conditions like diabetes for example you’ll probably still get an offer but it will likely be rated, meaning it will be more expensive than standard rates typically quoted by all insurance companies.

If a client is older or there are some health challenges or something that needs clarification that was not satisfied by the nurse the insurance company underwriter may request an APS (attending physician report).  When an underwriter orders an APS they will be communicating directly with your doctor and accessing information in your medical file.  This is most always in the form of written communication. Doctors get these all the time and are compensated by the insurance company for their time.

You might be wondering “isn’t my medical information private?” Isn’t what I tell my Doctor in confidence and to remain private?”  Yes it is BUT remember when you apply and before any underwriting of the risk of insuring you is done there is the application I mentioned at the beginning of this article.  When you apply you are agreeing to allow the insurance company to gather this information in an attempt to evaluate the risk of insuring you.

Next on the list of things Life Insurance companies look at when deciding on whether to insure you is:

Your Lifestyle choices

What you do for fun?  Do you scuba dive? Do you pilot your own plane? Are you a backcountry skier who likes to motorcycle race and car race on the weekends?  Do you BASE jump or engage in extreme sports?  If you do they are going to want to know some more details.  If you are a scuba diver, what training have you had? How deep do you dive?  How often do you Dive? Do you Dive for pleasure or is it what you do for a living?

For pilots they will ask how many hours do you have? How long have you been a pilot? Have you had an incident?

You can count on there being a separate a questionnaire to fill out for things the insurance companies deem as being dangerous sports or activities.

Lifestyle choices also includes things like smoking or tobacco use.  If you are a smoker you will have to pay more than standard rates.  The good news is, since it is a lifestyle choice as the name implies and you manage to kick the habit for at least 12 months, you have a shot at getting this rating reduced and qualifying for non-smoking rates.

Next on the list of things Life Insurance companies look at when deciding on whether to insure you is:

Family Health History

They will want to know general health information on your parents and your brothers and sisters.  They will just ask if any of them have had any major serious illnesses.  If they have, when was the onset of the illness? Are they still living?  And if they have passed away, what age were they when they passed away?  This is a way of uncovering hereditary illness that you may be susceptible to. It certainly does not mean an automatic decline by any stretch but it is all considered when they’re looking at your entire health picture and deciding on whether or not to offer you insurance and at what price.

The final step is underwriting

Now that the insurance company has all this information on you, your policy is underwritten by an underwriter that is employed by the insurance company.  When the underwriting has been completed you will be made an offer (or not), you could be offered standard rates, a preferred rate, a preferred plus rate or on the flip side, worse than standard rates which we call  a rating,  where they decide they want a little bit more than standard rates or no offer at all, a decline.  Even if you are declined there are still options available to get Life Insurance.  There are a lot more policies today offering what is commonly called No Medical Insurance.  It doesn’t mean they’re not going to ask you just as many medical questions but they’re not going to send out and nurse and do traditional underwriting.  Typically the questions they ask are in some form of order and the further you make it through the questions the better the price they will offer you.

They will start by asking medical questions that deal with the most severe medical conditions first, for example have you had a heart attack in the last 2 years?  Are you currently suffering from cancer?  You likely are still going to be able to get some Life Insurance even if you are suffering from these serious illnesses but the price will be higher than normal.  Also there may be other restrictions on the policy whereby they only cover you for accidental death in the first two years.  Once you survive past two years then you are fully covered for not only for accidental death but also death as a result of an illness.

In Conclusion

Each insurance company has different tolerances for different conditions and it is important to apply with the right company from the onset.  An experienced insurance agent will know which company to apply with considering your specific issues.  Most people can get some type of Life Insurance and over-think the fact that they may not get coverage.  The insurance companies want clients.  That is their business, their bottom line.  They are not running all over town declining everybody for no reason.  It is not the way it works so give it a shot see what offer you get!    Remember it’s not like the Godfather, you can refuse their offer, so getting back to the initial question Can I get Life Insurance? Or Do I qualify for Life Insurance?  

The answer is yes you probably can and you probably do and there is no cost or obligation to try.

Online Life Insurance in Toronto: Get the Information you Need

In Ontario, Canada, the traditional age for retirement is 65, but people beyond this age may opt to continue working. However, according to writer Ellen Roseman of, in Waterloo—whether people choose early or late retirement, they have to make important retirement decisions first.

Life Insurance Quotes in Toronto—Preparing for the Long Road Ahead

Can you honestly say that you are fully prepared for your family’s financial future? With so many daily and monthly expenses to contend with, it’s often difficult to look at the big picture. If you’re one of the millions of Canadians who are either underinsured or do not carry life insurance at all, there is no better time than now to get started on your family’s financial well-being. For your family’s sake, you simply cannot afford to be underinsured or uninsured.

Oakville Life Insurance Broker – Living Benefits

Once you have looked after getting enough life insurance, it is a good idea to investigate Living Benefits such as Critical Illness. Living Benefits are insurance coverages that benefit YOU and not anyone else. They protect you in case of serious illness, or injury. There are 3 main Living Benefits that cover different types of possibilities. Disability insurance and Long Term Care insurance, pay a monthly benefit. Critical illness insurance pays a lump sum. It is important to review these types of insurances. One person in three will develop a critical illness. For disability, the statistics are even higher as we age.


Want a Good Toronto Online Life Insurance Plan with Great Rates? Lose a Few Pounds

Everyone knows life insurance focuses on a person’s health and well-being, but what are the chances that life insurance also promotes them? One CBC segment hosted by Jonathan Crowe caught the attention of financial advisor Jackie McCann-Scott. One person’s journey to qualify for an insurance application made him lose 130 lbs.

Getting Toronto Life Insurance Rates to Suit Your Lifestyle and Budget

There are many factors that go into determining life insurance rates in Toronto and elsewhere through-out Ontario and Canada. Age, gender and health are the obvious factors but insurance companies also look at things you can actually control. In the industry they are called Lifestyle choices. Lifestyle choices are things like smoking, extreme sports, weight, driving records etc. Lifestyle choices can affect your insurance premiums both negatively and positively. For example if you workout, eat right and are fit you may be offered cheaper Preferred rates, conversely if you are a mad extreme sport maniac that smokes you will likely be rated, meaning you will have to pay more than standard rates.

Toronto Life Insurance Brokers Help Families Become Financially Stable

The concept of life insurance is pretty basic—it exists to ensure that your family has what it needs should you—the income earner—unexpectedly pass away. MoneySense presents some facts on how Canadians view life insurance and sheds light on the fact that a lot of people don’t really know much about what they actually have and a full 30% don’t have any life insurance at all.

What Determines the Life Insurance Rates of Toronto Policy Holders?

Life insurance is perhaps the best way to secure your family’s future should anything happen to you. If this is your first time getting one though, you’re probably wondering how much your premium will be. This article from Investopedia discusses the most common factors that affect insurance rates:

Life Insurance on Mortgage Debt: Buy it while you are still Young

The basic rule of life insurance is: The younger you are, the more affordable the life insurance is. Knowing this, you’d expect young adults to be the majority of people who buy life insurance. Unfortunately, this is not the case. A Financial Post article by Melissa Leong relates how young people are seemingly indifferent about life insurance and its benefits:

Life Insurance Brokers in Toronto Can Help with Insurance Cost Savings

Raising children, earning money every day, making plans for the future, buying a home are all dependent on you being around. Funding your plans for the family in the event of an untimely death is the main purpose of buying life insurance.

Dave Roos of explains the importance of buying life insurance.

“Life insurance is meant to replace your “value” to your family once you’re gone. For a working parent, a big part of that value is your salary. If you die, you’ll want your family to receive enough money to replace your salary for at least the next five to seven years.”

“Life insurance should really be called “death insurance.” Like other types of insurance, life insurance is protection against the unknown. When you buy life insurance, you’re paying for the peace of mind that your family will be taken care of in the event of your sudden demise. Life insurance is the life jacket in the fishing boat, the air bag in the car. You hope to never have to use it, but it’s nice to know it’s there.”

Once you have determined that you need or want insurance the first step is researching rates and products. This is very easy, be sure to find a life insurance brokers in Toronto that has a website capable of giving you information on the various products available as well as quotes. It is important to deal with an insurance broker that offers products from a wide variety of top tier life insurance companies so that you get the best price for your age and lifestyle.

how life insurance works

The cost of life insurance primarily depends on its type, either term life or whole life. By its name, term life insurance means it covers a temporary or specific period, typically 10, 20 or 30 years, the premiums are fixed for that entire term. As a result, term life insurance premiums are more affordable than whole life (permanent insurance).

Meanwhile, whole life insurance plans are designed to be with you for your entire life. Premiums start off much higher than term insurance but remain level for your entire life. Unlike term insurance you can count on this money as being a part of your estate. You will die someday and when you do, your beneficiaries (your children, spouse or favourite charity) will get these funds.

The cost of life insurance and options between the various life insurance companies can be quite different. Certain companies have better rates for smokers; others have better rates for pilots or people involved in scuba diving or other extreme sports. Still others are more forgiving of high blood pressure and diabetes. Some give preferred rates more readily or often for healthy individuals. Some have a higher incident of declining people they feel present a risk too great to insure. Each insurance company decides what they will charge for each age and condition. For this reason consider asking a knowledgeable Toronto life insurance broker like Insurance Advantage to help you compare rates and choose the best type of insurance for your specific situation.

(Article Information and Image from: How Life Insurance Works,