No Medical Guaranteed Issue Life Insurance – Explained
Watch CPP – No Medical Life Insurance – explainer video
If you have a pre-existing medical condition or a family history of a specific medical condition, buying life insurance may be difficult. Because standard coverage options require medical exams to apply, many Canadians have had their life insurance coverage denied in some way due to a medical concern. These medical exams are used by insurance firms to assess who is more and less hazardous to take on as a client. However, this aspect of purchasing life insurance might leave many people without the coverage they require for the financial stability of their loved ones.
No medical life insurance plans are a unique and more affordable type of life insurance meant to assist Canadians with medical problems in obtaining coverage. Unlike standard life insurance policies, no medical life insurance policies do not require a medical exam during the application process. Your health and family health history have no bearing on your eligibility without this condition, therefore there are always straightforward and convenient solutions.
Simplified Issue Life Insurance is a type of life insurance that is easy to obtain.
A doctor’s visit, medical report, or medical exam are not required for simplified issue life insurance. Individuals as young as 6 months old up to the age of 80 can be protected in ten-year, twenty-year, or permanent plans with no medical exam.
If you’ve ever worried about not being able to receive coverage, we have specialized insurance solutions that can help, even if:
You are difficult to insure.
You’ve been turned down before.
You’re a chain smoker.
You have a weight problem.
You’re frightened of needles and blood tests.
Guaranteed Life Insurance is a type of life insurance for which you will not be turned down. There are no medical examinations or health inquiries required to obtain coverage, making this a great option for people who need insurance but have health issues or are having trouble finding it.
Simplified Life Insurance, which also includes No Medical Life Insurance, contains Guaranteed Life Insurance. Guaranteed Life does not ask any health questions, although it is often more expensive than other simplified alternatives. It should be considered if these policies are unable to provide coverage.
Guaranteed Life Insurance Benefits: Your acceptance is guaranteed. This form of insurance cannot be refused.
To be eligible, there is no need to take a medical exam or answer any health-related questions.
Applications are processed in a matter of days, making this the quickest option to get covered.
Non-smokers get preferential pricing.
Your premiums will never go up, and your coverage will never go down — that is a promise.