Humania Life Insurance
Without Medical Exam (IWME) is designed for
people who, for medical or other
reasons, have had difficulty in
obtaining
life insurance.
To purchase: no medical exam required. You
have to answer six simple eligibility questions
to determine your eligibility.
If you are eligible, the cost of
your insurance will depend on your answers to several questions
about your health, and you may qualify for Bronze, Silver
or Gold level Insurance coverage depending on your health status.
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SUMMARY of COVERAGE
The
LIFE INSURANCE
policy guarantees the lump sum payment of the
amount of coverage to beneficiaries or the owner of
the policy, if the insured dies.
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Amount of Coverage
Minimum $5,000; Maximum $300,000
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Age at the time of purchase
Available to persons 18 to 70 years
old (inclusive)
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Type of Contract
Term 10 or 20
years depending on the option chosen
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Renewal
Guaranteed renewable to age 80
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Premium
This policy has premiums that change
every 10 or 20 years, depending on
the option selected by the
policyowner. The premium guaranteed
for the selected period. At the end
of the 10 or 20-year period,
depending on the option selected,
the premium will be adjusted to
reflect the insured's attained age,
the insured's original risk class
and the premium rates applicable at
that date. The new premium will also
be guaranteed for a further period
of 10 or 20 years.
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Beneficiary
As designated in the policy
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Pre-existing
medical conditions
No benefit
for life insurance will be payable
during the 12 or 24 months
(varies depending
on the policy purchased) after
the effective date of this policy
if the death of the person insured
results from a pre-existing
condition. In such an event, the Insurer’s
liability will be limited to a
refund of the premiums paid and this
policy will terminate with no further value.
When the
death of the person insured results
from a pre-existing condition,
and
that death occurred more than 12 or 24 months
(varies
depending on the policy purchased) after the effective date of this policy, the
Insurer will pay the
life benefit shown in the policy.
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Refund of Premium Rider (Optional)
After 20 years without claim,
receive a premium refund of up to
75% of total premiums paid.
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Exclusions and
Restrictions
This policy has a row of exclusions
and limitations. Please refer to the
policy document for full details.
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If
you have questions about this coverage or want to purchase
a
policy, please call at
1-877-443-0101,
416-493-0101
or,
click here to ask
your question online.
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