Seniors Life
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We help seniors live comfortably knowing that their loved ones will be financially secure in the unfortunate event of their passing.

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Why Do Canadians Need Seniors Life Insurance?

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If you are over 50 and you still have financial liabilities that you would like to pass on to your loved ones, you should purchase Seniors Life Insurance. Your policy can pay for funeral expenses, provide tax-free financial support for your beneficiaries, as well as help your loved ones settle your financial obligations.

Seniors Life Insurance is designed purposefully for older Canadians. Even if you have pre-existing medical conditions, our experts can help find you the best plan.

What factors influence the price of Seniors Life Insurance?

Your insurance premiums will depend on your medical situation, age, lifestyle, gender, and whether or not you smoke. The state of your health will determine if you can qualify for a regular plan or will need to apply for a simplified underwriting policy; the latter would increase your premiums.

Can I name multiple beneficiaries?

A beneficiary is the person who receives the cash value of your death benefit. As a policy holder, you will be required to name this person when you purchase your Life Insurance policy. You are able to name multiple beneficiaries and divide the cash value of your policy among them equally or according to a set percentage. This is useful if you are planning to divide the money amongst your children for example. If a beneficiary passes before you do, you can elect a contingent beneficiary in their place. You may also choose a charity as a beneficiary.

Can I get Seniors Life Insurance with pre-existing medical conditions?

Depending on the state of your health, you may choose between fully underwritten policies and simplified underwriting insurance plans.

Fully Underwritten policies are the standard Life Insurance plans designed for healthy individuals and have the lowest premiums. If your medical issue is not serious and well-managed, you may still qualify; our agents can help you determine if you are eligible for full underwriting.

Simplified Issue or Non-Medical policies do not require a medical exam. You will still be required to complete a medical questionnaire, and depending on your answers, your eligibility and your premiums will be determined. This is an excellent option if you have pre-existing medical conditions.

Guaranteed-Issue plans are hard to insure individuals who do not qualify for Simplified Issue policies. Such plans exist as an option for those with serious medical conditions that significantly raise their odds of passing away.

Is there an age limit for Seniors Life Insurance?

Most term policies expire at a maximum age of 85 and most insurance companies do not provide term-life coverage if the applicant is above the age of 75. Term policies guarantee a lump-sum payout to your beneficiaries if you pass within the agreed upon time period, or “term”.

While seniors below the age of 75 can likely qualify for any policy, if you are above that age, permanent Life Insurance (or Term 100) may be your only option. Such plans guarantee a lump-sum payout if you pass away at any age but have higher premiums.

Our Reviews

Excellent

Bernie Lehmann

It's always a pleasure to deal with Karen Wright. She is always very helpful and courteous.

Pauline

Karen Wright is excellent to deal with. She is very clear, concise, professional and friendly.

Maggie Misfeldt

Karen returned my call promptly. She was knowledgeable, efficient and courteous. My travel insurance was seiiled I five minutes. I have recorded her to friends.

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Karen was very helpful and great to talk to. I would definitely recommend her to any of my friends wanting insurance.

mary Mulder

I just want to say that my experience with Muhammad sorting out my trip cancellation insurance was the best I could have hoped for - he is patient, knowledgeable and answered all my questions.

T Rum

Karen made this experience so easy and less stressful than I thought it was going to be. She was very professional and was able to answer all of my questions thoroughly and made me feel a little confident that I was getting a good product from her.

Laura Magrum

Karen Wright was who assisted me in getting a plan and was amazing and so helpful!

Selina Allen

I wanted to thank Dornaz on being very helpful for answering all my questions. She was very polite and patient. I had a a lot of questions.

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Dornaz was very helpful, knowledgeable and thorough. We are very happy with our experience in buying emergency medical insurance today.

haitham saadedin

I bought health insurance to my company emloyees, and luckily I dealt with Teressa, She was amazing, understanding so helpful.
did not bother her I made some changes and mistakes she kept working with me guide me spontaneously , its like we were sitting in same office ..kept going and get the job done as I like, Thank you Teressa, Thank you Alliance income Services

June Caine

Once I was able to get through on the phone, Karen was excellent. She was very friendly, patient and informative. She worked things out with me until she found the policy that I needed.

Magda Mahdy

Knowledgeable, curtis and efficient. I am very pleased with Karen expertise and professionality. Definitely I will use her service again.

Joe Wery

Sehar Bajwa was knowledgeable and provided explanations for all insurance coverage. Process was simple and easily done over the phone.

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Muhammad was very patient with me while I decided.i recommend dealing with Muhammad .I think having insurance puts my mind at ease.

Sylvain

I always like to shop around to get the best deal, without compromising quality.
My research brought me to Allianz and I was contacted by Sehar Bajwa, who answered all my questions and sent me an email with all the details.
Not only was Allianz the best price, I also got good service from Sehar.
I hope that I will not need the insurance but if I do, I hope the good service I have received so far, will continue.
Thank you Sehar.

Heather Sutherland

Good assistance.

beth oberholtzer

Dornaz is an excellent agent! She is personable and very willing to provide lots of options. Highly recommend. Beth

Dale Hildebrandt

Dornaz provided our travel insurance efficiently and promptly. Her communication was clear and professional. Very pleased to work with her!

Mary Bortignon

I recently had the pleasure of dealing with Muhammad regarding travel insurance. I can't say enough about him. I had a few issues created by my Costco m/c. He went above and beyond to make changes to my policy because of m/c. I certainly won't hesitate contacting him in future for future travels or recommending him to friends & family. Thank you Mary Rate 110/100

Gloria Millar

So friendly and easy to talk to.

Michael Gabas

Dornaz was very helpful. Patiently listened to my concerns and questions as well as provided timely and what seemed to me as appropriate responses. Felt comfortable dealing with her on the phone.

Mary B

I had the pleasure of meeting and working with DORNAZ for my personal health and dental insurance. She is an absolutely incredible. She listened to me and provided detailed information during our first call. She was very diligent in following up with me by email. She was very patient as I had changed my request after she did everything. I can honestly say that she might be one of best people I have spoken to in the customer service industry.
She is a valuable asset.
Thank you DORNAZ !!!!!!

Kathleen Magladry

Muhammad at Alliance was helpful and responsive.

myles bunting

Friendly and efficient service provided in a prompt manner. All questions fully answered.

Alexandria

Very responsive to my many questions and super efficient process

Miriam Hartman

It was a pleasure dealing with Muhammad . Would deal with him again.

Sharon

Just booked my travel insurance! Doran’s is the best! Thank you so much

Jackie Keir

Muhammad was excellent, it took a few days because of technical problems, not Alliance issue. Will definitely use again, got us the best price for travel insurance. Thanks Muhammad

T Nguyen

We have previously obtained travel insurance with Alliance through Costco Travel insurance. After Alliance email reminder, I have filled out request for multiple trip quote. Sehar Bajwa called back and helped me to complete the application. I received by email the Manulife Travel Policies right after. Thanks

Gerard Thompson

Muhammed Suleiman was professional in his dealings.

valerie szilock

I worked with Artmiz to arrange travel insurance. She was very helpful ,answered my questions and clearly outlined my options. I will use Artmiz at Alliance for future travel.

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Dornaz was very helpful and I appreciated all her efforts to sign me up for my travel insurance.
She will be my “go to” girl for any future travel needs!
Loraine

Maria

My agent is Muhammad Suleiman

Jessica Martinelli

I had an exceptional experience with Ofir Mizrahi. Even though I didn’t end up purchasing a policy at the moment, his level of customer service truly stood out. He was incredibly professional, knowledgeable, and patient, taking the time to explain every detail clearly without any pressure.

You can tell he genuinely cares about helping people make the right decision, not just making a sale. That kind of integrity and dedication is rare to find.

I highly recommend Ofir to anyone looking for honest, reliable, and top-quality service. I will definitely reach out to him again in the future!

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Dornaz is always very helpful and provides all the details and suggests the best option

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Kim Keller- Rakochy

Very polite and courteous.. My agent, Dornaz, was very helpful and efficient booking my travel insurance. All needs were met in a professional way. Thank you.

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Great customer service!! Very friendly

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I am very grateful to Sehar Bajwa for her help. She is very patient and professional.

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Sehar promptly replied to my emails and answered any & all questions I had. Great rates on medical/travel insurance.

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Dornaz was great to work with. I will be using her for all our trips

Types of Seniors Life Insurance in Canada

The two main types of Life Insurance policies are Permanent Life Insurance and Term Life Insurance.

Permanent Life Insurance

Permanent Life Insurance, also known as “whole life insurance”, covers you for your whole life. These policies ensure a pay out to the beneficiary if the insured person passes away at any point as long as the premiums were paid. It can sometimes build value over time. With Permanent Life Insurance, your premium is typically guaranteed not to increase.

Term Life Insurance

Term Life Insurance can generally be purchased for up to 30 years. Term policies pay out benefits only if the insured person passes away within the agreed upon length of their policy. Term Life Insurance is generally the least expensive.

Participating Whole Life Insurance

Participating Whole Life Insurance opens the doors to an investment component, which allows the insured to earn dividends and increase their coverage. Premiums from participating policies are pooled together and invested by the insurer. This increases their cash value.

Universal Life Insurance

Universal Life Insurance policies tend to have variable premiums that increase along with the policy holder’s age. These policies share the same qualities as Participating Whole Life Insurance plans while providing more flexibility. However, the policy holder is responsible for their own investments which will influence the cash value of their policy.

How to Save Money on Seniors Life Insurance?

We want to help you save your money. The best way to save money on Life Insurance is to compare rates from multiple providers. This can be extremely time consuming. Luckily, Alliance Income Services Corp. does all the hard work for you! By simply requesting a quote online through our website, we check what rates you can get from every major Canadian insurer.

What is your age?

Your age bracket has a significant impact on your premiums. The younger you are, the more we suggest purchasing a policy. Avoid higher rates by purchasing Life Insurance before your next birthday.

Are You Healthy?

If you are a healthy individual and can qualify for regular life insurance, apply for a fully underwritten policy to pay notably lower premiums.

Smoker status

Cigarette smokers can pay up to 100% more for the same level of coverage as a non-smoker. To gain a considerable reduction on your premium payments, consider quitting smoking. It will save you money and benefit your health.

Renewing Your Policy?

Over time, rates can change. Instead of renewing your current plan, compare new policies or consider converting your Term plan to a Permanent Life Insurance.

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Seniors Life
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