NoMed Inc. now offering life insurance policies for Canadian residents

Mississauga, Ontario, Canada. (SANEPR.com) November 3, 2007 -- NoMed Inc., a Canadian insurance broker, is now accepting new customers in all Canadian provinces. Offering their services through Nomed.ca, NoMed Inc. specializes in No Medical life insurance policies, whereby filling a void in the life insurance marketplace by offering life insurance policies to Canadian citizens without requiring a medical exam. NoMed Inc. offers a variety of life insurance policies with coverages ranging from $1,000 to $150,000 for No Medical policies and $50,000 to $5,000,000 for traditional policies.

Because NoMed Inc.is an insurance broker and not a standalone insurance company, Canadian citizens benefit by having a number of different life insurance policy types and companies to choose from. As stated on the NoMed.ca website:

"We don't just sell insurance plans for one insurance company, we represent numerous Canadian insurance institutions, therefore in many cases the premiums we can offer you are the lowest in the country…"

By using the model of an insurance broker, NoMed Inc. has the ability to offer a number of different life insurance policies.

No Medical Insurance: No Medical policies through Nomed.ca offer coverage for Canadian citizens without requiring a medical exam prior to obtaining the policy. This type of insurance coverage is suitable for people who have a difficult time obtaining traditional insurance coverage due to smoking, obesity or certain pre-existing conditions.

Term Insurance: Term life insurance policies offer life insurance protection for a certain number of years; generally offered as 1 year, 5 year, 10 year or even 20 year coverages. Term life insurance can be obtained as renewable or non-renewable depending on the policy purchased though availability is subject to certain factors, such as the recipient's age.

Whole Life Insurance: Whole life insurance policies through Nomed.ca offer life insurance coverage for the life of the insured, not a pre-defined term where the premiums are, in most cases, guaranteed for the life of the policy. Premiums for this type of life insurance coverage can be paid monthly, quarterly, or annually; obtaining Whole Life insurance also allows the insured to choose between a fixed-rate premium, or guaranteed whole life insurance, and an adjustable rate premium that will be re-evaluated every 5 years.

Universal Life Insurance: Similar to whole life insurance, universal life insurance through NoMed Inc. is a permanent policy that adds flexibility where beneficiaries can increase or decrease the value of the policy, add coverage for additional individuals and substitute coverage from one individual to another.

NoMed Inc. is a Canadian Insurance broker whose policies are guaranteed by the underwriting insurance company and Canada's Consumer Protection Plan. To find out more about NoMed Inc. and the life insurance policies available,

Contact:

Simon Wong
NoMed Inc.
3504 Hurontario St #503
Mississauga, ON, L5B0B9
Canada

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