The no medical life insurance is one of leading firm to provide life insurance policy for those who don’t qualify for a traditional policy. This firm has worked with different types of insurance companies for comparing the rates of policies and provides their clients with low rates policy. They provide the different types of insurance policies such as life insurance, term insurance, whole life insurance and cancer insurance. The no medical life insurance has provided all these policies at a very affordable price. This firm also offers their clients two coverage types such as simplified or guaranteed issue policies. Both of these policies are very unique and different in their own way.
In simplified issue policies, you don’t have to give any kind of medical test to qualify for an insurance policy. But the no medical life insurance firm will ask you some questions which are related to your health or lifestyles. And you have to give answers to all these questions to qualify for life insurance policy. This policy is very beneficial for the individual person who has faced problems while purchasing an insurance policy. But as compared to guaranteed issue policies the simplified policies will have better offer rates.
In guaranteed issue policies it is completely unique from the simplified issue policies. If you are looking for insurance policy without a medical test or medical questions asked then guaranteed issue policies is an ideal choice for you. In this policy, you don’t have to give any medical test or no medical questions asked for this policy. Anyone can easily apply for this insurance policy through no medical life insurance canada. But for this policy, you have to pay a high premium or get the very low coverage.
While taking term insurance some tips you need to know:
- Coverage time: In term insurance, it will only protect you for the limited time of period. For example, if you take the policy for 10 years then it will only covered your 10 years of the time period it will not be renewed.
- Low premiums: As compared to all insurance products the term plan is the cheapest one. Because it will only protect you for the specific time period.
- Age limit: Basically if you are the age of 6o years then you don’t take the advantage of term insurance.
- Purpose: The main purpose of term insurance is to protect the insured person. This plan will protect the family of insured person when he died.