If you have COPD, you may already know that applying for traditional life insurance can sometimes be frustrating.
Long medical questionnaires, requests for medical records, or concerns about being declined can make the process feel more complicated than it should be.
But having COPD does not necessarily mean you have to go without life insurance.
There are life insurance options available in Canada that do not require a medical exam, blood tests, or lab work — including plans specifically designed for people who may have difficulty qualifying for traditional coverage.
Guaranteed Life Insurance can be an option for Canadians with COPD or other pre-existing health conditions.
Instead of going through traditional medical underwriting, eligibility can be based on just one qualifying health question: “Have you been diagnosed with a life expectancy of 24 months or less, or are you in the hospital or terminally ill?”
There is no medical exam, and you do not need to provide blood or urine samples or visit a doctor as part of the application process.
Depending on your age and the plan available to you, coverage can be used to help your family with expenses such as:
For someone who has previously been declined for life insurance — or simply wants a more straightforward application process — Guaranteed Life Insurance may be worth exploring.
Finding out more is simple.
Step 1: Click “Get Your Free Quote”
Step 2: Complete the short quote request.
Step 3: A licensed advisor will contact you to explain the coverage options available, answer your questions, and provide a personalized quote.
You can complete your application by phone and receive your policy by email — simple, private, and supported by a licensed advisor. There is no need to visit an office or complete a medical exam.
Get your quote and learn about your coverage options.
Smoking history can have a significant impact on life insurance premiums.
If you have COPD and used to smoke, be sure to mention that you’ve quit. Canadian life insurers may consider you for lower non-smoker rates once you have been nicotine-free for the required period, often around 12 months, depending on the insurer and the plan.
That can make a meaningful difference in what you pay for coverage.
Even if COPD has made getting life insurance difficult in the past, it may be worth checking again. Different plans have different eligibility requirements, and a simpler life insurance option may be available to you today.