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Senior Care 2017-07-03T18:37:28+00:00

We specialize in No Medical & Simplified Issue Life Insurance. We have five different plans to choose from. These plans are designed for different kinds of customers, from those with serious health problems all the way to those who are in excellent health and just want a simple, fast way to buy life insurance. And unlike some other companies, most of our plans offer full protection from day one. Our plans include more free benefits than other companies.

We take great pride in providing superior customer service from the day you apply until the day the claim is paid. One Stop Financial Solutions is Canadian owned, providing service by Canadians for Canadians.

This should be the first question you ask. Life insurance is used to protect you or your family from a financial loss in the event that you die unexpectedly. There can be many types of financial needs at death, including:

  • Final expenses, like funeral or cremation costs, lawyer’s fees and taxes
  • Paying off any outstanding loans
  • An emergency fund to tide your family over through a difficult time
  • A fund to cover your children’s education
  • A fund to replace your lost income

If your family has any of these financial needs when you die, then life insurance can help.

You should buy enough life insurance to cover all of the needs you have identified. Figuring out what your life is worth – or what kind and how much insurance you need, is not that difficult. You can call one of our Licensed Insurance Advisors and they will be happy to help you through the process. Once you are done, you will know whether you need permanent insurance or term insurance, or both, and how much of each.

Permanent Life Insurance provides permanent protection – coverage as long as you need it, which means coverage until you die. This type of insurance:

  • costs more, which makes sense because as long as you continue to pay premiums, this type of insurance will always pay out a death benefit,
  • usually offers a partial refund of premiums if, for some reason, you decide to cancel your policy before you die. This refund is called a “cash value”.
  • often offers a variety of premium payment options. Some permanent insurance plans are payable for as long as they are in force (sometimes called Whole Life insurance), while other plans allow you to pay a larger premium for a shorter period of time, such as 20 years.
  • may offer a variety of additional benefits, either at no cost, such as a Terminal Illness Benefit, or for an additional premium, such as an Accidental Death Benefit.

Term Life Insurance is temporary insurance. It can last for 5 years, or 10 years, or 20 years, or to your age 65, or for any other period that is defined in the policy. At the end of the term period, the insurance may end, or you may be able to extend it for another term. You may also be able to convert your Term Insurance policy into a Permanent Insurance policy. This type of insurance:

  • Costs less than permanent insurance. Usually, the shorter the term period, the lower the premium.
  • Only pays a death benefit if you die during the term period. If you live beyond the term period, this plan does not pay a death benefit.
  • Does not include any cash value if you cancel it early, and
  • Like Permanent Insurance, may offer a variety of additional benefits, either at no cost, or for an additional premium.

Insurance companies have different ways of assessing risk, or deciding what policy you qualify for. The two broad approaches are referred to as “traditional insurance” and “No Medical or Simplified Issue Insurance”. :

  • Traditional insurance is underwritten or assessed by an insurance company using an application that may be 20 to 40 pages long, with medical tests and doctors reports. It typically takes 4 to 6 weeks to be issued.
    This type of insurance tends to be less expensive for healthier applicants who want larger amounts of insurance.
  • No Medical & Simplified Issue insurance is typically underwritten with just a few medical questions, no doctors and no tests. It typically takes just a few days to be issued.
    This type of insurance tends to be for smaller amounts of insurance and/or applicants who have more health issues. And it is often only available in one plan type – smaller amounts of permanent insurance

One Stop Financial Solutions’ specializes in No Medical & Simplified Issue life insurance. We offer much larger amounts of insurance (up to $500,000). And we offer both permanent insurance and many different term insurance options. We also offer a wide variety of simplified underwriting options, from very few simple questions for an applicant with very serious health issues all the way to what we consider to be the simplest form of traditional underwriting for a healthy applicant. Because we offer so many choices, our plans offer better value than some No Medical plans available in Canada.

One Stop Financial Solutions’ believes that No Medical & Simplified Issue insurance can be an excellent insurance solution for many. But it is not for everyone. Our Licensed Insurance Advisors will help you to determine if No Medical & Simplified Issue Insurance is right for you, or if you would be better served by traditional insurance. Either way, our advisors can take the mystery out of insurance and help you to complete the necessary applications and obtain the insurance that you need.

No Medical & Permanent Life Plans

One Stop Financial Solutions’s No Medical & Simplified Issue Permanent Life Insurance (Whole Life Insurance) provides lifetime protection. This type of coverage is ideal for permanent needs such as final expenses. One Stop Financial Solutions has more Permanent Insurance options than any other No Medical provider in Canada. Our variety of plans has been designed to make it easier for everyone, including the hard-to-insure customer to get the greatest coverage at the lowest price in the least time possible.

Designed for the most challenging applicants; if you have a very serious medical condition or if you have been told you don’t qualify for insurance, Acceptance Life may be the plan for you.

Acceptance Life is designed to meet the insurance needs of the most challenging applicants. Even if you have serious medical conditions or were previously refused insurance, you may be eligible for this plan.

Who should consider Acceptance Life?

Acceptance Life is “almost guaranteed issue”. It is a simple, permanent insurance solution for an applicant with very serious medical or other risk factors. It is generally purchased to cover final expenses by individuals who are not eligible for other plans of insurance.

What is important to know about Acceptance Life?

Acceptance Life is designed to provide lifetime protection to those with serious insurability conditions. Due to the higher than typical claims expected under this plan, premiums are relatively high and the death benefit is limited to a return of premiums plus 3% simple interest if death occurs by other than accidental means in the first two years. The full coverage amount is payable if death occurs after two years or death is accidental.

How much insurance can I buy?

Age Minimum Face Amount Maximum Face Amount
40—69 $5,000 $50,000
70—74 $2,500 $40,000
75—80 $2,500 $30,000

What options do I have to pay premiums?

Premium options include annual payments by cheque or credit card and monthly payments by pre-authorized bank debits. The minimum annual premium offered is $150.00. The minimum monthly premium is $15.00.

  • The coverage amount will never decrease for the life of the policy.
  • Premiums are guaranteed not to change for the life of the policy.
  • Policies accumulate guaranteed cash values beginning in the fifth policy year. You can use these cash values to pay premiums for as long as there are sufficient cash values. If you choose to cancel your policy, any remaining cash value will be paid to the policyowner.
  • Satisfaction guaranteed or money refunded – all One Stop Financial Solutions policies include a 10 Day Free Look Guarantee that gives you 10 days from the date you receive your policy to review it and decide if it is right for you. If you decide to return your policy in that 10 days, we will refund your premium, no questions asked.

What additional benefits are included with every Acceptance Life policy?

Every Acceptance Life policy includes at no additional cost:

  • a Terminal Illness Benefit, which can pay up to 50% of the death benefit to the policy owner upon diagnosis of a terminal illness, and
  • a Transportation Benefit, which can assist with the cost of transporting the body of the insured if they die more than 200 kilometers from their principal residence.

In addition, all One Stop Financial Solutions policies may include a number of non-contractual member benefits, offered by Foresters Life Insurance Company, the company which underwrites our policies. These benefits may include:

  • competitive scholarships for tuition for higher learning worth up to $8000
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large scale emergency
  • a monthly payment for orphans up to the age of 18 upon the death of both parents
  • money management assistance to provide confidential financial help by accredited counselors
  • legal link, which gives you access to specific complimentary and discounted legal services, such as wills, home ownership and family law

What additional benefits may be added to an Acceptance Life policy?

For an additional premium, depending on your age, you may be eligible to purchase an Accidental Death Benefit for up to 5 times the basic life insurance death benefit. This benefit will pay the chosen additional amount if the cause of death is accidental (as defined in your policy).

Designed for the hard-to-insure applicants; if you are a senior, have a serious health condition, or were previously refused insurance, Deferred Life is the right plan for you.

Deferred Life is One Stop Financial Solutions’s solution for hard-to-insure applicants who have permanent insurance needs. Many seniors, applicants with serious health conditions or those who were previously declined for insurance find that they qualify for this plan.

Who should consider Deferred Life?

Deferred Life is One Stop Financial Solutions’s solution for many hard-to-insure Canadians who have permanent insurance needs. This plan is suited for seniors, those with serious health conditions or people who were previously declined for insurance.

What is important to know about Deferred Life?

Deferred Life provides lifetime protection with a guaranteed level premium, even if your health changes.

The full coverage amount is payable for all Deferred Life plans, if death occurs after two years or death is accidental. If death occurs in the first two years and is due to non-accidental means, then the death benefit is limited to a return of premiums paid plus 3% simple interest.

How much insurance can I buy?

Age Minimum Face Amount Maximum Face Amount
18–70 $1,000 $250,000
71–80 $1,000 $150,000

What options do I have to pay premiums?

You may elect to pay the same premium for the life of the policy, or you may elect to pay a higher premium for only 20 years. Premium options include annual payments by cheque or credit card and monthly payments by preauthorized bank debits.

  • The coverage amount will never decrease for the life of the policy.
  • The premium amount is guaranteed and will never increase.
  • Policies accumulate cash values beginning in the fifth policy year. If you choose to cancel your policy, any cash value will be paid to the policyowner.
  • Satisfaction guaranteed or your money refunded – all One Stop Financial Solutions policies include a 10 Day Free Look Guarantee that gives you 10 days from the date you receive your policy, to review it and decide if it is right for you. If you decide to return your policy in those 10 days, we will refund your premium, no questions asked.

What additional NO COST benefits are included with every Deferred Life policy?

Every Deferred Life policy includes, at no additional cost:

  • a Terminal Illness Benefit, which pays up to 50% of the death benefit to the policyowner upon diagnosis of a terminal illness.
  • a Transportation Benefit, which assists with the cost of transporting the body of the Insured, if he/she dies more than 200 kilometers from their principal residence.

In addition, all One Stop Financial Solutions policies may include a number of non-contractual member benefits, offered by Foresters Life Insurance Company, the company which underwrites our policies. These benefits may include:

  • competitive scholarships for tuition for higher learning worth up to $8000
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large scale emergency
  • a monthly payment for orphans up to the age of 18 upon the death of both parents
  • money management assistance to provide confidential financial help by accredited counselors
  • legal link, which gives you access to specific complimentary and discounted legal services, such as wills, home ownership and family law

What additional benefits may be added to a Deferred Life policy?

For an additional premium, depending on your age, you may be eligible to purchase any of the following additional benefits:

  • A term insurance rider that will provide a low cost option to increase your coverage for a temporary period of time. The term can be for 10 years, 20 years or 25 years. And the 25 year term rider can even decrease over time to cover a declining mortgage balance.
  • Accidental Death Benefit which will pay up to 5 times the basic life insurance death benefit. This benefit will pay the chosen additional amount if the cause of death is accidental (as defined in your policy).
  • Child Term Benefit which insures each eligible child for $5,000 or $10,000 each.

Designed for someone with less serious health conditions, or if you don’t want to take a medical exam or provide a doctor’s report. Full protection starts with this plan as soon as you are approved.

Simplified Life is designed for applicants who have less serious health conditions. If you want coverage for your lifetime and you do not have really serious health conditions or you just want to get coverage fast, this may be the plan for you.

Who should consider Simplified Life?

Simplified Life is an excellent plan for an applicant with less serious health conditions. It is also an excellent plan for someone who wants to get their coverage fast.

What is important to know about Simplified Life?

Unlike many other No Medical insurance plans, Simplified Life provides immediate coverage with no waiting period. The coverage provides permanent, lifetime protection with a guaranteed level premium.

How much insurance can I buy?

Age Minimum Face Amount Maximum Face Amount
18–55 $1,000 $300,000
56–70 $1,000 $275,000
71–80 $1,000 $150,000

What options do I have to pay premiums?

You may elect to pay the same premium for the life of the policy, or you may elect to pay a higher premium for only 20 years. Premium options include annual payments by cheque or credit card and monthly payments by preauthorized bank debits.

  • The coverage amount will never decrease for the life of the policy.
  • The premium amount is guaranteed and will never increase.
  • Policies accumulate guaranteed cash values beginning in the fifth policy year. If you choose to cancel your policy, any cash value will be paid to the policyowner.
  • Satisfaction guaranteed or your money refunded – all One Stop Financial Solutions policies include a 10 Day Free Look Guarantee that gives you 10 days from the date you receive your policy to review it and decide if it is right for you. If you decide to return your policy in those 10 days, we will refund your premium, no questions asked.

What additional NO COST benefits are included with every Simplified Life policy?

Every Simplified Life policy includes:

  • a Terminal Illness Benefit, which pays up to 50% of the death benefit to the policyowner upon diagnosis of a terminal illness.
  • a Transportation Benefit, which assists with the cost of transporting the body of the Insured, if he/she dies more than 200 kilometers from their principal residence.

In addition, all One Stop Financial Solutions policies may include a number of non-contractual member benefits, offered by Foresters Life Insurance Company, the company which underwrites our policies. These benefits may include:

  • competitive scholarships for tuition for higher learning worth up to $8000
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large scale emergency
  • a monthly payment for orphans up to the age of 18 upon the death of both parents
  • money management assistance to provide confidential financial help by accredited counselors
  • legal link, which gives you access to specific complimentary and discounted legal services, such as wills, home ownership and family law

What additional optional benefits may be added to a Simplified Life policy?

For an additional premium, depending on your age, you may be eligible to purchase any of the following additional benefits:

  • A term insurance rider that will provide a low cost option to increase your coverage for a temporary period of time. The term can be for 10 years, 20 years or 25 years. And the 25 year term rider can even decrease over time to cover a declining mortgage balance.
  • Accidental Death Benefit which will pay up to 5 times the basic life insurance death benefit. This benefit will pay the chosen additional amount if the cause of death is accidental (as defined in your policy).
  • Child Term Benefit which insures each eligible child for $5,000 or $10,000 each.
  • Hospital Cash Benefit which pays a chosen daily benefit upon the hospitalization of the Insured.

Designed for healthy people who want coverage faster than through traditional underwriting.

Simplified Life Plus is designed for applicants who are relatively healthy and who want coverage fast. It is also often available for those who enjoy extreme sports. Talk to one of our Licensed Insurance Advisors today to see if you qualify for Simplified Life Plus.

Who should consider Simplified Life Plus?

Simplified Life Plus is an excellent plan for an applicant who wants lifetime protection and is in relatively good health or someone who enjoys extreme sports. It is also an excellent plan for someone who wants to get their coverage fast.

What is important to know about Simplified Life Plus?

Unlike many other No Medical insurance plans, Simplified Life Plus provides immediate coverage with no waiting period. The coverage provides permanent, lifetime protection with a guaranteed level premium.

How much insurance can I buy?

Age Minimum Face Amount Maximum Face Amount
18–70 $1,000 $300,000
71–80 $1,000 $150,000

What options do I have to pay premiums?

You may elect to pay the same premium for the life of the policy, or you may elect to pay a higher premium for only 20 years. Premium options include annual payments by cheque or credit card and monthly payments by preauthorized bank debits.

  • The coverage amount will never decrease for the life of the policy.
  • Premiums are guaranteed not to change for the life of the policy.
  • Policies accumulate guaranteed cash values beginning in the fifth policy year. If you choose to cancel your policy, any cash value will be paid to the policyowner.
  • Satisfaction guaranteed or your money refunded – all One Stop Financial Solutions policies include a 10 Day Free Look Guarantee that gives you 10 days from the date you receive your policy to review it and decide if it is right for you. If you decide to return your policy in those 10 days, we will refund your premium, no questions asked.

What additional NO COST benefits are included with
every Simplified Life Plus policy?

Every Simplified Life Plus policy includes:

  • a Terminal Illness Benefit, which pays up to 50% of the death benefit to the policyowner upon diagnosis of a terminal illness.
  • a Transportation Benefit, which assists with the cost of transporting the body of the Insured, if he/she dies more than 200 kilometers from their principal residence.

In addition, all One Stop Financial Solutions policies may include a number of non-contractual member benefits, offered by Foresters Life Insurance Company, the company which underwrites our policies. These benefits may include:

  • competitive scholarships for tuition for higher learning worth up to $8000
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large scale emergency
  • a monthly payment for orphans up to the age of 18 upon the death of both parents
  • money management assistance to provide confidential financial help by accredited counselors
  • legal link, which gives you access to specific complimentary and discounted legal services, such as wills, home ownership and family law

What additional benefits may be added to a Simplified Life Plus policy?

For an additional premium, depending on your age, you may be eligible to purchase any of the following additional benefits:

  • A term insurance rider that will provide a low cost option to increase your coverage for a temporary period of time. The term can be for 10 years, 20 years or 25 years. And the 25 year term rider can even decrease over time to cover a declining mortgage balance.
  • Accidental Death Benefit which will pay up to 5 times the basic life insurance death benefit. This benefit will pay the chosen additional amount if the cause of death is accidental (as defined in your policy).
  • Child Term Benefit which insures each eligible child for $5000 or $10,000.
  • Hospital Cash Benefit which pays a chosen daily benefit upon the hospitalization of the Insured.

Designed for healthy people who want coverage faster than through traditional underwriting.

Simplified Life Preferred is One Stop Financial Solutions’s newest plan of insurance designed for applicants who are healthy and who want coverage fast. For most applicants, a simple underwriting process can get them their new policy in just a few days.

Who should consider Simplified Life Preferred?

Simplified Life Preferred is an excellent plan for an applicant who wants lifetime protection and is in good health. It is also an excellent plan for someone who wants to get their coverage fast.

What is important to know about Simplified Life Preferred?

Unlike many other No Medical & Simplified Issue insurance plans, Simplified Life Preferred provides immediate coverage with no waiting period.

Simplified Life Preferred is issued after a relatively simple underwriting process that your advisor can explain. The coverage provides permanent, lifetime protection with a guaranteed level premium.

How much insurance can I buy?

Age Minimum Face Amount Maximum Face Amount
18–70 $50,000 $500,000
71–80 $50,000 $300,000

What options do I have to pay premiums?

You may elect to pay the same premium for the life of the policy, or you may elect to pay a higher premium for only 20 years. Premium options include annual payments by cheque or credit card and monthly payments by preauthorized bank debits.

  • The coverage amount will never decrease for the life of the policy.
  • Premiums are guaranteed not to change for the life of the policy.
  • Policies accumulate guaranteed cash values beginning in the fifth policy year. If you choose to cancel your policy, any cash value will be paid to the policyowner.
  • Satisfaction guaranteed or your money refunded – all One Stop Financial Solutions policies include a 10 Day Free Look Guarantee that gives you 10 days from the date you receive your policy to review it and decide if it is right for you. If you decide to return your policy in those 10 days, we will refund your premium, no questions asked.

What additional NO COST benefits are included with every Simplified Life Preferred policy?

Every Simplified Life Preferred policy includes:

  • a Terminal Illness Benefit, which pays up to 50% of the death benefit to the policyowner upon diagnosis of a terminal illness.
  • a Transportation Benefit, which assists with the cost of transporting the body of the Insured, if he/she dies more than 200 kilometers from their principal residence.

In addition, all One Stop Financial Solutions policies may include a number of non-contractual member benefits, offered by Foresters Life Insurance Company, the company which underwrites our policies. These benefits may include:

  • competitive scholarships for tuition for higher learning worth up to $8000
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large scale emergency
  • a monthly payment for orphans up to the age of 18 upon the death of both parents
  • money management assistance to provide confidential financial help by accredited counselors
  • legal link, which gives you access to specific complimentary and discounted legal services, such as wills, home ownership and family law

What additional benefits may be added to a Simplified Life Preferred policy?

For an additional premium, depending on your age, you may be eligible to purchase any of the following additional benefits:

  • A term insurance rider that will provide a low cost option to increase your coverage for a temporary period of time. The term can be for 10 years, 20 years or 25 years. And the 25 year term rider can even decrease over time to cover a declining mortgage balance.
  • Accidental Death Benefit which will pay up to 5 times the basic life insurance death benefit. This benefit will pay the chosen additional amount if the cause of death is accidental (as defined in your policy).
  • Child Term Benefit which insures each eligible child for $5,000 or $10,000.
  • Hospital Cash Benefit which pays a chosen daily benefit upon the hospitalization of the Insured.

No Medical Term Life Plans

One Stop Financial Solutions’s No Medical & Simplified Issue Term Life Insurance provides life insurance protection for periods of 10 years, 20 years, 25 years or to age 100. This type of coverage is ideal for situations where your insurance need is temporary, and you know how long you require the coverage, such as for your mortgage. One Stop Financial Solutions has more Term Insurance options than any other No Medical & Simplified Issue provider in Canada. Our variety of plans makes it easier for everyone, including the hard-to-insure customer, to get the greatest coverage at the lowest price in the least time possible.

Designed for the hard-to-insure applicants; if you are a senior, have a serious health condition, or were previously refused insurance, Deferred Life is the right plan for you.

Deferred Life is One Stop Financial Solutions’s solution for hard-to-insure applicants who have permanent insurance needs. Many seniors, applicants with serious health conditions or those who were previously declined for insurance find that they qualify for this plan.

Who should consider Deferred Life?

Deferred Life is One Stop Financial Solutions’s solution for many hard-to-insure Canadians who have permanent insurance needs. This plan is suited for seniors, those with serious health conditions or people who were previously declined for insurance.

What is important to know about Deferred Life?

Deferred Life provides lifetime protection with a guaranteed level premium, even if your health changes.

The full coverage amount is payable for all Deferred Life plans, if death occurs after two years or death is accidental. If death occurs in the first two years and is due to non-accidental means, then the death benefit is limited to a return of premiums paid plus 3% simple interest.

How much insurance can I buy?

Age Minimum Face Amount Maximum Face Amount
18–70 $1,000 $250,000
71–80 $1,000 $150,000

What options do I have to pay premiums?

You may elect to pay the same premium for the life of the policy, or you may elect to pay a higher premium for only 20 years. Premium options include annual payments by cheque or credit card and monthly payments by preauthorized bank debits.

  • The coverage amount will never decrease for the life of the policy.
  • The premium amount is guaranteed and will never increase.
  • Policies accumulate cash values beginning in the fifth policy year. If you choose to cancel your policy, any cash value will be paid to the policyowner.
  • Satisfaction guaranteed or your money refunded – all One Stop Financial Solutions policies include a 10 Day Free Look Guarantee that gives you 10 days from the date you receive your policy, to review it and decide if it is right for you. If you decide to return your policy in those 10 days, we will refund your premium, no questions asked.

What additional NO COST benefits are included with every Deferred Life policy?

Every Deferred Life policy includes, at no additional cost:

  • a Terminal Illness Benefit, which pays up to 50% of the death benefit to the policyowner upon diagnosis of a terminal illness.
  • a Transportation Benefit, which assists with the cost of transporting the body of the Insured, if he/she dies more than 200 kilometers from their principal residence.

In addition, all One Stop Financial Solutions policies may include a number of non-contractual member benefits, offered by Foresters Life Insurance Company, the company which underwrites our policies. These benefits may include:

  • competitive scholarships for tuition for higher learning worth up to $8000
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large scale emergency
  • a monthly payment for orphans up to the age of 18 upon the death of both parents
  • money management assistance to provide confidential financial help by accredited counselors
  • legal link, which gives you access to specific complimentary and discounted legal services, such as wills, home ownership and family law

What additional benefits may be added to a Deferred Life policy?

For an additional premium, depending on your age, you may be eligible to purchase any of the following additional benefits:

  • A term insurance rider that will provide a low cost option to increase your coverage for a temporary period of time. The term can be for 10 years, 20 years or 25 years. And the 25 year term rider can even decrease over time to cover a declining mortgage balance.
  • Accidental Death Benefit which will pay up to 5 times the basic life insurance death benefit. This benefit will pay the chosen additional amount if the cause of death is accidental (as defined in your policy).
  • Child Term Benefit which insures each eligible child for $5,000 or $10,000 each.

Designed for someone with less serious health conditions, or if you don’t want to take a medical exam or provide a doctor’s report. Full protection starts with this plan as soon as you are approved.

Simplified Life is designed for applicants who have less serious health conditions. If you want coverage for your lifetime and you do not have really serious health conditions or you just want to get coverage fast, this may be the plan for you.

Who should consider Simplified Life?

Simplified Life is an excellent plan for an applicant with less serious health conditions. It is also an excellent plan for someone who wants to get their coverage fast.

What is important to know about Simplified Life?

Unlike many other No Medical insurance plans, Simplified Life provides immediate coverage with no waiting period. The coverage provides permanent, lifetime protection with a guaranteed level premium.

How much insurance can I buy?

Age Minimum Face Amount Maximum Face Amount
18–55 $1,000 $300,000
56–70 $1,000 $275,000
71–80 $1,000 $150,000

What options do I have to pay premiums?

You may elect to pay the same premium for the life of the policy, or you may elect to pay a higher premium for only 20 years. Premium options include annual payments by cheque or credit card and monthly payments by preauthorized bank debits.

  • The coverage amount will never decrease for the life of the policy.
  • The premium amount is guaranteed and will never increase.
  • Policies accumulate guaranteed cash values beginning in the fifth policy year. If you choose to cancel your policy, any cash value will be paid to the policyowner.
  • Satisfaction guaranteed or your money refunded – all One Stop Financial Solutions policies include a 10 Day Free Look Guarantee that gives you 10 days from the date you receive your policy to review it and decide if it is right for you. If you decide to return your policy in those 10 days, we will refund your premium, no questions asked.

What additional NO COST benefits are included with every Simplified Life policy?

Every Simplified Life policy includes:

  • a Terminal Illness Benefit, which pays up to 50% of the death benefit to the policyowner upon diagnosis of a terminal illness.
  • a Transportation Benefit, which assists with the cost of transporting the body of the Insured, if he/she dies more than 200 kilometers from their principal residence.

In addition, all One Stop Financial Solutions policies may include a number of non-contractual member benefits, offered by Foresters Life Insurance Company, the company which underwrites our policies. These benefits may include:

  • competitive scholarships for tuition for higher learning worth up to $8000
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large scale emergency
  • a monthly payment for orphans up to the age of 18 upon the death of both parents
  • money management assistance to provide confidential financial help by accredited counselors
  • legal link, which gives you access to specific complimentary and discounted legal services, such as wills, home ownership and family law

What additional optional benefits may be added to a Simplified Life policy?

For an additional premium, depending on your age, you may be eligible to purchase any of the following additional benefits:

  • A term insurance rider that will provide a low cost option to increase your coverage for a temporary period of time. The term can be for 10 years, 20 years or 25 years. And the 25 year term rider can even decrease over time to cover a declining mortgage balance.
  • Accidental Death Benefit which will pay up to 5 times the basic life insurance death benefit. This benefit will pay the chosen additional amount if the cause of death is accidental (as defined in your policy).
  • Child Term Benefit which insures each eligible child for $5,000 or $10,000 each.
  • Hospital Cash Benefit which pays a chosen daily benefit upon the hospitalization of the Insured.

Designed for healthy people who want coverage faster than through traditional underwriting.

Simplified Life Plus is designed for applicants who are relatively healthy and who want coverage fast. It is also often available for those who enjoy extreme sports. Talk to one of our Licensed Insurance Advisors today to see if you qualify for Simplified Life Plus.

Who should consider Simplified Life Plus?

Simplified Life Plus is an excellent plan for an applicant who wants lifetime protection and is in relatively good health or someone who enjoys extreme sports. It is also an excellent plan for someone who wants to get their coverage fast.

What is important to know about Simplified Life Plus?

Unlike many other No Medical insurance plans, Simplified Life Plus provides immediate coverage with no waiting period. The coverage provides permanent, lifetime protection with a guaranteed level premium.

How much insurance can I buy?

Age Minimum Face Amount Maximum Face Amount
18–70 $1,000 $300,000
71–80 $1,000 $150,000

What options do I have to pay premiums?

You may elect to pay the same premium for the life of the policy, or you may elect to pay a higher premium for only 20 years. Premium options include annual payments by cheque or credit card and monthly payments by preauthorized bank debits.

  • The coverage amount will never decrease for the life of the policy.
  • Premiums are guaranteed not to change for the life of the policy.
  • Policies accumulate guaranteed cash values beginning in the fifth policy year. If you choose to cancel your policy, any cash value will be paid to the policyowner.
  • Satisfaction guaranteed or your money refunded – all One Stop Financial Solutions policies include a 10 Day Free Look Guarantee that gives you 10 days from the date you receive your policy to review it and decide if it is right for you. If you decide to return your policy in those 10 days, we will refund your premium, no questions asked.

What additional NO COST benefits are included with
every Simplified Life Plus policy?

Every Simplified Life Plus policy includes:

  • a Terminal Illness Benefit, which pays up to 50% of the death benefit to the policyowner upon diagnosis of a terminal illness.
  • a Transportation Benefit, which assists with the cost of transporting the body of the Insured, if he/she dies more than 200 kilometers from their principal residence.

In addition, all One Stop Financial Solutions policies may include a number of non-contractual member benefits, offered by Foresters Life Insurance Company, the company which underwrites our policies. These benefits may include:

  • competitive scholarships for tuition for higher learning worth up to $8000
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large scale emergency
  • a monthly payment for orphans up to the age of 18 upon the death of both parents
  • money management assistance to provide confidential financial help by accredited counselors
  • legal link, which gives you access to specific complimentary and discounted legal services, such as wills, home ownership and family law

What additional benefits may be added to a Simplified Life Plus policy?

For an additional premium, depending on your age, you may be eligible to purchase any of the following additional benefits:

  • A term insurance rider that will provide a low cost option to increase your coverage for a temporary period of time. The term can be for 10 years, 20 years or 25 years. And the 25 year term rider can even decrease over time to cover a declining mortgage balance.
  • Accidental Death Benefit which will pay up to 5 times the basic life insurance death benefit. This benefit will pay the chosen additional amount if the cause of death is accidental (as defined in your policy).
  • Child Term Benefit which insures each eligible child for $5000 or $10,000.
  • Hospital Cash Benefit which pays a chosen daily benefit upon the hospitalization of the Insured.

Designed for healthy people who want coverage faster than through traditional underwriting.

Simplified Life Preferred is One Stop Financial Solutions’s newest plan of insurance designed for applicants who are healthy and who want coverage fast. For most applicants, a simple underwriting process can get them their new policy in just a few days.

Who should consider Simplified Life Preferred?

Simplified Life Preferred is an excellent plan for an applicant who wants lifetime protection and is in good health. It is also an excellent plan for someone who wants to get their coverage fast.

What is important to know about Simplified Life Preferred?

Unlike many other No Medical & Simplified Issue insurance plans, Simplified Life Preferred provides immediate coverage with no waiting period.

Simplified Life Preferred is issued after a relatively simple underwriting process that your advisor can explain. The coverage provides permanent, lifetime protection with a guaranteed level premium.

How much insurance can I buy?

Age Minimum Face Amount Maximum Face Amount
18–70 $50,000 $500,000
71–80 $50,000 $300,000

What options do I have to pay premiums?

You may elect to pay the same premium for the life of the policy, or you may elect to pay a higher premium for only 20 years. Premium options include annual payments by cheque or credit card and monthly payments by preauthorized bank debits.

  • The coverage amount will never decrease for the life of the policy.
  • Premiums are guaranteed not to change for the life of the policy.
  • Policies accumulate guaranteed cash values beginning in the fifth policy year. If you choose to cancel your policy, any cash value will be paid to the policyowner.
  • Satisfaction guaranteed or your money refunded – all One Stop Financial Solutions policies include a 10 Day Free Look Guarantee that gives you 10 days from the date you receive your policy to review it and decide if it is right for you. If you decide to return your policy in those 10 days, we will refund your premium, no questions asked.

What additional NO COST benefits are included with every Simplified Life Preferred policy?

Every Simplified Life Preferred policy includes:

  • a Terminal Illness Benefit, which pays up to 50% of the death benefit to the policyowner upon diagnosis of a terminal illness.
  • a Transportation Benefit, which assists with the cost of transporting the body of the Insured, if he/she dies more than 200 kilometers from their principal residence.

In addition, all One Stop Financial Solutions policies may include a number of non-contractual member benefits, offered by Foresters Life Insurance Company, the company which underwrites our policies. These benefits may include:

  • competitive scholarships for tuition for higher learning worth up to $8000
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large scale emergency
  • a monthly payment for orphans up to the age of 18 upon the death of both parents
  • money management assistance to provide confidential financial help by accredited counselors
  • legal link, which gives you access to specific complimentary and discounted legal services, such as wills, home ownership and family law

What additional benefits may be added to a Simplified Life Preferred policy?

For an additional premium, depending on your age, you may be eligible to purchase any of the following additional benefits:

  • A term insurance rider that will provide a low cost option to increase your coverage for a temporary period of time. The term can be for 10 years, 20 years or 25 years. And the 25 year term rider can even decrease over time to cover a declining mortgage balance.
  • Accidental Death Benefit which will pay up to 5 times the basic life insurance death benefit. This benefit will pay the chosen additional amount if the cause of death is accidental (as defined in your policy).
  • Child Term Benefit which insures each eligible child for $5,000 or $10,000.
  • Hospital Cash Benefit which pays a chosen daily benefit upon the hospitalization of the Insured.

No Medical Critical Illness Plan

Health Security Plus pays you a lump sum amount of money if you are diagnosed with one of six covered critical illnesses. Coverage is guaranteed until age 75 with premiums based on a ten-year renewable term.

One Stop Financial Solutions’s Critical Illness Insurance will pay the insured amount if you are diagnosed with one of the following six critical illnesses (as defined in your policy):

  • Heart attack (Myocardial Infarction)
  • Cancer (life threatening)
  • Stroke
  • Paralysis
  • Kidney failure
  • Major organ failure on a transplant waiting list

To receive your critical illness benefit, you must survive at least 14 days after you have been diagnosed with a critical illness. If you do not survive 14 days, your beneficiary will receive a return of premium equal to 100% of all premiums paid (without interest) excluding any waived premium.

Premiums are adjustable but cannot increase by more than 25% of the scheduled premium.

Critical Illness Insurance can be an important element of your overall insurance planning. One Stop Financial Solutions’s Health Security Plus is ideal for applicants who are in relatively good health, would suffer financial hardship in the event of a critical illness; want quick coverage or who just don’t like to deal with doctors and needles.

If you are age 20 to 55, you can buy from $10,000 to $100,000 of Critical Illness Insurance.

Premium options include annual or semi-annual payments by cheque and monthly payments by pre-authorized bank debits.

  • Premiums for Health Security Plus are set for ten years. After each ten year period, up to your age 75, you can renew your policy with the premium rate at your attained age.
  • Satisfaction guaranteed or money refunded – all One Stop Financial Solutions policies include a 10 Day Free Look Guarantee that gives you 10 days from the date you receive your policy to review it and decide if it is right for you. If you decide to return your policy in that 10 days, we will refund your premium, no questions asked.
  • Regardless of the cause of death, if you do not qualify for a claim on your policy, your beneficiary receives a refund of all paid premiums on the base plan (without interest). This benefit is included at no extra cost.

In addition, your Health Security Plus Critical Illness policy may include a number of non-contractual member benefits, offered by Foresters Life Insurance Company, the company which underwrites this plan. These benefits
may include:

  • competitive scholarships for tuition for higher learning worth up to $8000
  • a renewable higher learning scholarship worth up to $6000 per year for four years for children of deceased members
  • emergency grants to provide short term, temporary financial assistance to members affected by significant personal hardship, disaster or large scale emergency
  • a monthly payment for orphans up to the age of 18 upon the death of both parents
  • money management assistance to provide confidential financial help by accredited counselors
  • legal link, which gives you access to complimentary and discounted to certain legal services, such as wills, home ownership and family law

You can add any of the following options to your policy:

  • Indexing Option – This option will automatically increase your coverage by 5% each year, beginning with the second policy year, to a maximum of 150% of your initial coverage amount. The additional premium for the increase in coverage is calculated using premium rates based on your age when the policy was issued and the amount of the increase,
  • Disability Waiver – With this benefit, if you become completely and continuously disabled for more than 6 months, your premiums will be waived until you are no longer completely disabled. This benefit ends when you turn 65.
  • Return Of Premium at Expiry – If your premiums are up-to-date and you have not made a claim on your policy, at age 75, all of your premium paid (except Disability Waiver premiums) will be returned to you (without interest).

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