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Assumption Life Insurance review

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Assumption Life Insurance
On PolicyAdvisor's site
Types of Insurance
Term Life
Minimum Coverage
$50,000
Maximum Coverage
$10,000,000
Age Range
18 - 75
Medical Exam Required
No

Summary

Assumption Life Insurance offers several permanent and term life insurance plans designed to cover you in just about any emergency. 

Choose from five different term life insurance plans with Assumption Life. Get a free quote through PolicyAdvisor.

In this guide

  • Review
  • Details
    • Product Details
    • Coverage Details
  • Your reviews

Details

Product Details

Insurance Products Life Insurance
Medical Exam Required No
Province Availability AB, MB, ON

Coverage Details

Age Range 18 - 75
Minimum Coverage $50,000
Maximum Coverage $10,000,000

Assumption Life offers a wide range of permanent and term life insurance policies. You can also sign up for critical illness insurance if you want to secure living benefits. All Assumption Life Insurance plans require you to meet certain eligibility criteria to qualify, though some don’t require you to submit to a medical exam or blood test to get insured. Find out more about what type of plan might be the best fit for you and learn how you can apply today.

What is Assumption Life?

Assumption Life was founded in 1903 and has been providing life insurance in Canada for over 100 years. It has a wide selection of permanent and term life insurance plans along with critical illness insurance and extra coverage that allows you to collect dividends on your policy.

Some policies require you to submit to a medical exam to get insured while others offer lower coverage amounts with no requirements for medicals. You can purchase Assumption Life Insurance across Canada or call the Assumption call centre to speak to a licensed agent about your life insurance needs to get started.

What types of Assumption Life Insurance are available?

Assumption has a range of permanent and term life insurance plans, along with critical illness coverage.

Permanent life insurance plans

Permanent life insurance plans come at a high cost, but they stay in place permanently as long as you pay your premiums. Many of these plans come with a “whole life” option that saves a portion of your premiums to pay out as cash at a later date (kind of like a savings plan). You can also pay less for a no-cash-value option.