Guaranteed no medical life insurance

Anyone legally living in Canada between the ages of 30 and 74 years can apply for Sun Life Go Guaranteed Life Insurance.  You’re automatically accepted for coverage even if you have pre-existing health conditions. You won’t have to answer any health questions, undergo health checks or medical exams. Get permanent coverage that lasts for the rest of your life as soon as you apply.

Sun Life Go Guaranteed Life insurance is available in amounts of $5,000, $10,000, $15,000, $20,000, or $25,000. The coverage amount can help you cover end-of-life expenses such as medical and funeral costs. It can also provide a small legacy for children or grandchildren. You can add coverage up to $25,000 if you need more and cancel anytime. If you cancel in the first 30 days of your policy, you’ll get a full refund.

Sun Life Go Guaranteed Life Insurance is a type of life insurance that helps provides lifetime coverage. We’ll provide a payment to your beneficiary after you die, as long as you pay the premiums and we approve the claim. Your monthly payments will stay the same until you turn 95. At that age, you stop paying but your life insurance will cover you for the rest of your life.

You may end up paying more in premiums than the actual death benefit that goes to your beneficiaries. For example, you're age 48 and buy $25,000 of Sun Life Go Guaranteed Life Insurance for $60 per month. By the time you reach age 82, you'll have paid more than $25,000 in monthly premiums. This is more than the policy will pay to your beneficiary. If you die before age 82, you'll have paid less for your death benefit.
 

The monthly cost for Sun Life Go Guaranteed Life Insurance will depend on:

• your age,
• your assigned sex at birth,
• if you smoke, and
• the amount of insurance you want.

Find out your cost by getting a quote.

The more information you give about yourself, the less insurance typically costs. We don’t ask any questions about your health when you apply for guaranteed life insurance. As a result, it can cost more than other types of life insurance that do ask about your health. If you are healthy and don’t mind answering a few health questions you can opt for term life insurance online, or speak with an advisor.

Yes, Sun Life can limit your coverage or claim if:

• You die within the first two years of your policy unless you die of an accident. We’ll refund your premiums paid, less any administrative fees.
• You apply for Sun Life Go Guaranteed Life Insurance more than once, we’ll cover you for up to only $25,000 in total.

Sun Life will not pay your claim if:

• You’ve provided false information in your application; Sun Life can cancel your coverage or not pay the claim.
• Your death is directly or indirectly caused by or associated with conditions such as the following:
  • Caused yourself physical injury, whether the insured person has a mental illness or understood/intended the consequences of their action(s).
  • Taken any drug, unless taken as prescribed by a licensed medical practitioner.
  • Operated any vehicle or doing an activity while your blood alcohol level is more than 80 milligrams per 100 millilitres of blood.
    Find all exclusions- when we will not pay in the Sun Life Go Guaranteed Life Insurance sample policy.

This benefit is offered on Sun Life Assurance Company of Canada life insurance products and is a non-contractual arrangement that we may approve at our discretion on a case-by-case basis. If an insured person is diagnosed with a terminal illness, an application can be made by the policy owner for a lump sum advance of 50% of the insurance amount, to a maximum of $100,000. The lump sum, plus interest, is deducted from the death benefit when paid. This benefit follows the rules of the living benefit program in effect when the policy owner applies to receive the benefit.

The person making the claim must do so as soon as reasonably possible after the person covered by the policy passes away. To make a claim:

1. Call us at 1-800-669-7921 as soon as reasonably possible. This number is also listed at the beginning of the insured person’s policy. We’ll send you a form to complete.
2.  Fill out the form and mail it to us at the address listed on the form. Be sure to include any information we ask for to assess the claim. This will include proof that the insured person passed away while the policy was in effect.

Some things to keep in mind:

• Doctors may charge a fee to fill out certain forms. The person making the claim is responsible for covering any fees.
• After we receive all the information we need, we’ll assess the claim within 5 business days.

After receiving the required proof, within 30 business days we'll assess the claim. If we approve the claim, we’ll pay it.