Monday, September 16, 2013, AM | 3 Comments
Imagine after someone passing away, the grief-stricken family has to hear that they will be in financial distress after the funeral. This would be especially hard during the mourning process. No one likes to hear that they have been denied life insurance, especially after a serious injury or illness.
However, this could have been avoided if there was a life insurance no medical policy in place.
But don’t fret; there is a light at the end of the tunnel. In Canada, there is an option for people who have not been approved for life insurance. With this policy, you and your family can have peace of mind knowing that there is no requirement to be in perfect health to qualify for life insurance.
In general, having a life insurance no medical policy entails not having to provide urine or blood tests, or even schedule a doctor’s appointment. However, you may have to check with your insurance company to see exactly what their plan may cover. Some insurance companies may still want you to provide a medical background through a self-directed questionnaire.
Although some insurance companies offer policies for life insurance without a medical exam, the potential insured might still be required to provide a medical history.
In addition, one thing you should remember is that it can be costly to have life insurance. There is an increase in the premiums you would have paid if you were in good health, and qualified for a traditional plan.
However, this will give you and your family some relief that you will be able to get some coverage, instead of having nothing to fall back on. With the life insurance no medical policy, it can work towards your needs and ensure that you get the best coverage you need. Although the premium is higher, thwre are many options to help you find the best rate. Your insurance agent can help you with this.
It may seem odd to be thinking about life insurance in your twenties, but accidents and illnesses can happen at any age. That is why there are plans like this available. Depending on the plan chosen, the coverage can range from $5,000 to $250,000.
Applicants can apply even with previous ailments such as cancer, heart failure, stroke, and obesity just to name a few. It is always better to be safe than sorry, and it will make for a smoother and less stressful future for you and your family.
You can read testimonials about the policy here: http://www.nomedicallifeinsurance.ca.
Let NoMedicalLifeInsurance.ca be your leading choice for life insurance no medical policies. They work with the best carriers in Canada to make sure you get the best coverage you need. Contact us today, and give your family a secure future.
We are more than happy to answer any questions you may have and provide a no obligation quote. We look forward to working with you.Facebook.com/doable.finance