When it comes to seniors insurance in Canada, it can feel impossible to find a quality life insurance plan that doesn’t break the bank. However, there are some main secrets to inexpensive life insurance for seniors that you might not have considered. Our tips can help you discover quick and easy ways to get an affordable life insurance plan.

Company Benefits


One of the main secrets to getting a seniors insurance quote is that a lot of company benefits include some life insurance coverage. Depending on what company you work for, they may completely pay for your life insurance, or help you out with a cheaper company plan. Ask your company if there are any life insurance benefits or programs available because this can end up being one of the biggest factors in saving your money. Group employee plans do not require medical underwriting, enabling smokers and those in poor health to have better access to rates.

Do Research

Another one of the main secrets about getting a seniors insurance plan is just simply doing a lot of research. Not all life insurance companies are the same; in fact, each company will vary in both prices and plans. One of the best things you can do when finding a life insurance company is to get quotes from as many places as possible to determine what fits your budget. Getting quotes is easy and free, so it’s no hassle to find and compare the best prices for your life insurance.

Taking a look at all the companies will also help you ensure that you get both a cheap and quality company to work with. If you notice one company is way out of the ballpark price range and their website has no reviews, that’s a red flag. You want a company that is affordable and can provide you trust-worthy insurance plans.

It can be a hassle to find all those quotes on your own, so rely on a proven aggregator like nomedicallifeinsurance.ca, your one-stop shop for information and quotes from 20+ insurance providers.

Don’t Buy Too Much Insurance

Not buying too much insurance is another one of the secrets to inexpensive life insurance for seniors. Many people continue to buy the same quantities of life insurance that they did when they were younger, but this isn’t usually as necessary when you get older. Are you still taking care of children? Do you still have a mortgage? Likely not, and this means you don’t need to pay for as much life insurance anymore. You can save a lot of your money just by making sure you are only buying what you need.

Live Well

One of the main secrets of seniors insurance in Canada is maintaining your health. The healthier you are, the less risk you are to life insurance companies and the cheaper your life insurance plan will be. The most inexpensive life insurance plans are for the healthiest people, so try to live as best as you can.

The fewer health problems you have the better, so take preventative measures where possible. Smokers pay a lot more for a seniors insurance plan, so if you haven’t already, maybe it’s time to quit. Not only will being healthier help you with your life insurance costs, but it will also improve your quality of life.

If you do have health issues, however, nomedicallifeinsurance.ca is where you’ll find policies that do not require a medical exam. In some cases, just a few health questions are required on the application. In other cases, no questions or medical exam are required. A broker at No Medical Life Insurance can help you find the best application for your needs.

This Last Tip is No Secret…

One of the best, fastest, easiest and most affordable ways to get seniors insurance in Canada is to go directly to www.nomedicallifeinsurance.ca, where you’ll find information, free quotes, and brokers with access to every life insurance plan in Canada.

Author's Bio: 

NoMedicalLifeInsurance provides an extensive information about life insurance without medical examinations for seniors, people with critical illnesses, cancer patients, and more