The need for life insurance doesn’t disappear as we age; it can grow as we have more dependents in our lives. But getting insured over the age of 50 has proven to be difficult for most Canadians in Alberta due to traditional plan requirements like medical exams and lengthy applications. At Specialty Life Insurance, we’ve seen how many Albertans 50+ have struggled to find effective coverage at a comfortable price, and that drove us to create our accessible Over 50 Life Insurance plans.

The benefits of our Over 50 Life Insurance coverage

Guaranteed acceptance

our plans always offer guaranteed approval. As long as you are between the ages of 18-74 and have a permanent residence in Alberta, you qualify for our coverage.

No medical exams or health questions

Our process never requires you to undergo a medical exam or answer health questions when applying for a plan.

Lifelong coverage to 100

Your plan remains in force up to age 100, ensuring you have financial security when you need it most.

Apply for a plan online

Our unique online application process makes it easy and fast to apply for and purchase your plan. There is no face-to-face or over-the-phone meetings with agents at any time.

Accident protection

When you purchase our Over 50 Life Insurance, you also get access to accidental death coverage at no additional fee. If you pass away due to an accident, your benefit provides up to four times your original coverage amount.

We specialize in hassle-free Over 50 Life Insurance solutions and have helped thousands in Alberta find the coverage they need. Get started with our simple online application if you are interested in learning more about your coverage options and receiving free no-obligation quotes.

Find out more about our plan details:

Final Expense Plan - How the Policy is Paid
Subject to the terms and conditions outlined under this policy, we will pay the death benefit if:
  • The insured person dies after two years of this policy, or an accidental death as covered under the accidental death condition as laid out in the policy documents.
  • Death that occurs within the first two years will be subject to a refund of premiums.
  • If the insured person dies after two years of this policy and the death is an accidental death, four times the death benefit will be paid out as set out in the policy schedule.
Final Expense Plan - Policy Exclusions
The basic death benefit will not be paid under the following circumstances:
  • Death that occurs, within 2 years from the effective date or latest reinstatement and is not an accidental death will be subject to no benefit payments. A full refund of premiums will occur.
  • The insured person commits suicide, while sane or insane, within 2 years from the effective date or latest reinstatement.
  • If this policy is declared void due to a material omission, misrepresentation or in the event of fraud.

This policy also includes an accidental death benefit at no additional cost. For accidental death benefit exclusions please CLICK HERE.

Accidental death does not include death which is caused directly or indirectly by one or more of the following:

  • a sickness;
  • suicide or intentionally self-inflicted injury, while sane or insane;
  • the misuse of medication, or the abuse of drugs or intoxicants, or from having a blood alcohol level of 80 milligrams of alcohol in 100 milliliters of blood or more;
  • committing or attempting to commit a criminal offence, or while in prison;
  • medical or surgical treatment or complications arising from the treatment, except when required as a direct result of an injury;
  • participation as a paid professional in sports, or participation in any organized motorized contest of speed, or other hazardous activities such as, scuba diving, rock or cliff climbing, boxing, sky diving, parachuting, hang-gliding or bungee jumping;
  • air travel, other than as a fare-paying passenger in a commercially licensed aircraft; or
  • declared or undeclared war, or any act of war, terrorism, riot or insurrection, or service in the armed forces of any country, government or international organization

Please note that, aside from cases of fraud, if the policy is declared void the insured's beneficiary is entitled to a refund of premiums from the effective date of the policy or the date of its latest reinstatement.