Purchasing quality life insurance is one of the most important decisions you will make to ensure your family and loved ones are financially protected after you have passed on. If you have been declined life insurance in the past due to your health, age, or another reason; no medical life insurance is an option you may want to consider. No medical life insurance is a type of insurance that does not require a medical exam and medical tests.
No medical life insurance rates can be higher than traditional life insurance policies, but there are ways to get a good deal. Getting online quotes is one of the best ways to get lower no medical life insurance rates as it allows you to evaluate the cost and value of no medical life insurance. Insurance quote sites for no medical life insurance can assess the general no medical life insurance rates for different insurance plans from leading insurance providers.
No medical life insurance quote sites draw from their pool of leading insurance providers to find the best no medical life insurance rates for their customers. You just fill out the online form and you can get a free report on no medical life insurance direct to your email inbox. Depending on the plan chosen, coverage can range from $5,000 to $250,000.
There are certain factors that can lower your insurance rates. Nonsmokers can enjoy a lower rates. Quitting smoking can save you money on your policy and prolong your life. No medical providers can also offer different levels of simplicity in their policy. These are often differentiated by the number of health questions they require. The fewer number of questions such as two qualifying questions; the more expensive and least amount of coverage provided+. More complex no medical plans with numerous questions will offer lower rates than other simplified plans. Guaranteed issue policies are typically more expensive than simplified issue policies. To get the best no medical life insurance rates, try to go for the strictest policy possible.
Almost every Canadian resident between 20 and 75 years of age is eligible for no medical life insurance. A no medical life insurance policy does not require a doctor’s visit or a medical exam. If you are hard to insure, have been declined for a traditional policy in the past, have some medical conditions, no medical life insurance is well worth considering. There are many benefits such as the insurance proceeds are 100% tax free, you have 10 days and sometimes more depending on the issuer to examine your policy, and you can choose either Term Insurance or Whole Life.
With no medical life insurance, approval for coverage is automatic, even if there is a previous or existing medical condition. There are no medical exams to undergo and a few health questions to answer. There are different types of policies that can fit one’s budget and needs. No medical life insurance is easy to obtain, even for seniors with health conditions or just require a policy for final expenses. Also, if you want immediate coverage and can’t wait for a regular underwritten life insurance plan which can take weeks before the policy is issued, no medical life insurance is a good choice. Get the financial protection you need and the peace of mind you deserve with no medical life insurance rates you can afford.