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Your Financial Journey Starts with LG Financial

No Medical

Guaranteed Acceptance Life

LG Financial Group Inc. Guaranteed Acceptance Life Insurance is designed for even the most challenging applicants, offering a simple and affordable way to secure the peace of mind you deserve.

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Who should consider

Guaranteed Acceptance Life?

Guaranteed Acceptance Life Insurance is a “guaranteed issue” plan, meaning you cannot be turned down for coverage, no matter your health condition.

This no-medical exam life insurance offers a simple, permanent solution tailored to meet the needs of applicants who may face challenges with other plans. Whether you’ve been previously declined or have ongoing health issues, you are eligible for this plan.

It’s often chosen to cover final expenses like funeral costs, medical bills, or outstanding debts, allowing you to secure the peace of mind you deserve, without health concerns holding you back.

Below are some of the types of individuals who can benefit from Guaranteed Acceptance Permanent Life Insurance:

  • Those with medical conditions or critical illnesses who are unable to secure traditional life insurance coverage
  • Applicants with high-risk hobbies or occupations
  • Smokers or those with a history of drug abuse
  • Guaranteed Acceptance
  • Guaranteed Premiums

How much insurance can I buy?

title_iconIssue Ages and Amountstitle_icon

18-60

years old

  • Minimum Face Amount $10,000
  • Maximum Face Amount $50,000
BENEFITS
  • Accidental Death Benefit (Optional)
  • Terminal Illness Benefit (Included)
  • Transportation Benefit (Included)
title_iconIssue Ages and Amountstitle_icon

61-75

years old

  • Minimum Face Amount $5,000
  • Maximum Face Amount $50,000
BENEFITS
  • Accidental Death Benefit (Optional)
  • Terminal Illness Benefit (Included)
  • Transportation Benefit (Included)
What should you know about Guaranteed Acceptance Life Insurance?

It offers lifetime protection, even for individuals with serious insurability challenges. However, during the first two years, the death benefit is limited to a return of premiums if death is due to non-accidental causes. After two years, or in the case of accidental death, the full coverage amount is paid out.

You can choose to pay premiums annually by cheque or credit card, or monthly through pre-authorized bank debits. The minimum annual premium is $150.00, while the minimum monthly premium is $15.00.

  • Lifetime Coverage Amount: The coverage amount will never decrease for the life of the policy.
  • Stable Premiums: Your premiums are guaranteed not to change for the duration of the policy.
  • Accumulating Cash Values: Policies begin accumulating guaranteed cash values starting in the fifth year, which can be used to pay premiums as long as sufficient cash values exist. If you cancel your policy, any remaining cash value will be paid to you.
  • Satisfaction Guarantee: LG Financial Group Inc. includes a 10-Day Free Look Guarantee. This allows you 10 days from the receipt of your policy to review it and determine if it meets your needs. If you decide to return it within that timeframe, you will receive a full refund of your premium, no questions asked.

Every Guaranteed Acceptance Life policy comes with the following benefits at no extra cost:

  • Terminal Illness Benefit: Pays up to 75% of the death benefit, up to a maximum of $250,000, upon diagnosis of a terminal illness.
  • Transportation Benefit: Assists with the costs of transporting the insured’s body if they pass away more than 200 kilometers from their principal residence.

Additionally, LG Financial Group Inc. policies may include various non-contractual member benefits provided by Foresters Life Insurance Company, such as:

  • Online Document Preparation Service: Helps create customizable wills, powers of attorney, and healthcare directives (provided by Epoq, Inc., an independent service provider).
  • Competitive Scholarship Program: Supports the rising costs of post-secondary education.
  • Higher Learning Scholarship: Renewable for up to $6,000 per year for four years for children of deceased members.
  • Financial Grant: Enables members to create local activities that promote family bonding through unique opportunities.
  • Learning Library: Access to over 200 online courses available anytime, anywhere.
  • Monthly Payment for Orphans: Provides support for orphans up to the age of 18 upon the death of both parents.

Please note that the LawAssure online document preparation service is not available in Quebec, Yukon, Northwest Territories, and Nunavut. It does not constitute legal advice or services and should not replace the services of a licensed legal advisor. Foresters Financial and its representatives do not provide legal, estate, or tax advice on their behalf.

For an additional premium, you may be eligible to purchase an Accidental Death Benefit, which can provide coverage of up to 5 times the basic life insurance death benefit. This benefit pays the chosen additional amount if the cause of death is accidental, as defined in your policy. Eligibility for this benefit may depend on your age.

Want to learn more?

Explore the benefits of Guaranteed Acceptance Life Insurance from LG Financial Group Inc., a trusted leader in No Medical and Simplified Issue Life Insurance.

CALL US 289-339-8100
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