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What are accident benefits?
The words “accident” and “benefits” may seem at odds in the same phrase. However, in the context of car insurance, they refer to the part of your insurance policy that kicks in if you, a passenger or a pedestrian are injured in a collision—regardless of who is at fault.
Accident benefits cover the driver and occupants of an insured vehicle for “some of the immediate medical expenses that they may incur when involved in a collision,” explains Rob de Pruis, national director of consumer and industry relations at the Insurance Bureau of Canada…
Guaranteed Issue Enhanced Health & Dental Insurance
We’re happy to announce that we can now offer Canadians a new “no medical” health insurance plan from Manulife called Guaranteed Issue Enhanced.
What is “Guaranteed Issue”?
Guaranteed issue health insurance is health and dental insurance with guaranteed acceptance. There are no medical questions asked, and everyone automatically qualifies for coverage, regardless of their state of health.
Also referred to as “no medical insurance”, guaranteed health insurance is ideal for people with pre-existing medical conditions who need health, dental and vision care benefits.
Guaranteed Issue versus Underwritten Plans
Most personal (individual) health and dental plans are underwritten. The process of underwriting involves answering medical questions as well as an investigation into the medical background of the applicants. Applicants who have medical conditions that may require prescription drug coverage often see their applications being declined, or they may receive a counter offer where they are offered coverage along with exclusions for those medical conditions…