No medical exam life insurance also called simplified issue life insurance.
Looking to pay a premium that takes into account your good health? See no medical exam life insurance plans could meet your needs and is within your budget.
Simplified issue life insurance policies, despite the absence of medical tests, can offer you competitive rates. The insurer does not have to pay for medical exams and if your medical profile is good, it may be worth looking into.
To obtain life insurance without a medical exam, you must demonstrate, through a questionnaire, a state of health that meets the criteria determined by the insurer. You must answer “no” to the medical questions to qualify.
There are several types of simplified issue life insurance products available, including no-medical exam term life insurance and no-medical example whole life insurance.
Many specialized products are offered to people with minor health problems and people who are difficult to insure?
Special underwriting plans are designed to make it easy for the hard-to-insure to get some life insurance protection at competitive prices and as quickly as possible.
Simplified Life Insurance with specialized pricing ;
is an excellent life insurance proposal for people who have less serious health problems or for those who practice extreme sports.
Simplified life insurance is also an excellent choice for people aged 50 and over who are looking for an amount of life insurance to cover final expenses.
You’ll pay a premium based on your medical profile. Most often the price will be lower than traditional life insurance which can be rated. When life insurance is rated an additional premium is charged for the additional risk.
It’s a good option for people who want lifelong protection quickly. The application process includes does not require medical exams nor a doctor’s report.
You can qualify for up to $500,000 of life insurance, simply by completing the medical questionnaire provided by the insurer.
Guaranteed Life Insurance No Medical Questions Are Asked
Guaranteed Acceptance Life Insurance; Depending on your medical history and current medical profile, it can be difficult to get life insurance at any price.
With Guaranteed Issue Life Insurance, your acceptance is guaranteed after the insurance company receives the initial premium payment.
Insurers provide some life insurance and the amounts are a minimum of$5,000 up to a maximum insurable amount of $50,000
What are the disadvantages of no medical questions life insurance?
Although you are covered quickly, the premiums are higher than other types of life insurance plans because of the risk. People who apply for guaranteed issue life insurance are very hard to insure to the uninsurable.
Downside, generally the guaranteed issue plans have a temporary restriction;
The death benefit is limited to the refund of premiums, if the death is not accidental and occurs during the first 24 months of coverage.
As of the 25th month you are covered for full benefits for life. Prices do not increase and the sum insured does not decrease.
How to make your choice of simplified life insurance and how does it work?
Even though no medical exam life insurance is issued quickly, you cannot buy it entirely online. Most insurers require you to speak with an advisor, particularly to complete the insurance application. The insurance advisor help you get the insurance plan that best suits your needs and budget.
There is no online premium calculator available, to determine the best price for a simplified life insurance product. The advisor needs to evaluate the various insurance companies medical questionnaires to determine your best option.
We work with more than 20 insurance companies and we’ll shop the best insurance solution that meets your insurance profile and budget.
The insurance premium is calculated by taking into account your age, your sex, your status of smoker or non-smoker and your general state of health.
Work with us, Groupe Financier Unibec, and we can help you find the life insurance plan that’s right for you.
Ready to take your next step and compare no medical exam life insurance policies?
We do not work for one particular insurance company, but rather with many insurers, which gives us carte blanche to present you with the best proposals.Groupe Financier Unibec is proud to serve Quebecers rediding in the greater Montreal area since 2004.
We can help you meet your life insurance needs.