No Medical Life Insurance Tips Archives
Can Someone Who has HIV/Aids Get Life Insurance?
May 3rd, 2013 · No Comments · Bingham Group Services, BMO Life Assurance Company, Edge, Featured, Manulife Financial, No Medical Life Insurance Companies, No Medical Life Insurance Tips
You can still get life insurance if you are HIV-positive. Currently, 73,000 Canadians live with HIV/AIDS — up from 69,000 in 2001. They can expect to live into their early 70s, making life insurance a realistic possibility. Traditional life insurance is generally not available for people with HIV. Most simplified issue plans (which include no medical [...]
Tags:AIDS·Bingham Services Group·BMO·Guaranteed Issue·guaranteed issue life insurance·HIV·life insurance for those with HIV·RBC·The Edge
No Medical Life Insurance: Comparing the Top Companies
April 16th, 2013 · 4 Comments · Assumption Life, Canada Protection Plan, Featured, Industrial Alliance, No Medical Life Insurance Companies, No Medical Life Insurance Tips
Just breathe. You have options — lots of options. Photo by Chintermeyer Three of the top no-medical life insurance providers in Canada are Canada Protection Plan (underwritten by Foresters Life Insurance Company), Assumption Life, and Industrial Alliance. Canada Protection Plan sells policies both directly to the consumer and through its independent broker network. The pricing on [...]
Tags:broker network·direct·Golden Protection Plan·Golden Protection Plan Plus·health questions·return of premium plus interest·Simplified Issue·The Alternative·The Prospective
Can I Get Life Insurance After a DUI?
April 15th, 2013 · No Comments · Featured, No Medical Life Insurance Tips
Driving under the influence can have serious insurance implications. Photo by LittleMissSilly About 50,000 Canadians are arrested and charged with a DUI each year. A DUI will definitely have an impact on your ability to obtain a traditional life insurance policy. Whenever you apply for life insurance, the carrier examines all health- and lifestyle- related [...]
Tags:alcohol·Driving under the influence·DUI·no medical life insurance·Simplified Issue
Should I Apply for a No Medical Life Insurance Plan If I Have Diabetes?
April 2nd, 2013 · 1 Comment · Featured, No Medical Life Insurance Tips
Diabetics can still get life insurance. Photo by blakespot The Canadian Diabetes Association reports that over 9 million Canadians are diabetic or prediabetic and five to 10% of those with diabetes have type one, which means they’re insulin dependent. The rest, (90 to 95%) have type two and are not insulin dependent All things being [...]
Tags:dependent·diabetes·insulin·no medical life insurance·Type 1·Type 2
Understanding Deferred Death Benefits
March 27th, 2013 · No Comments · Assumption Life, Canada Protection Plan, Featured, No Medical Life Insurance Companies, No Medical Life Insurance Tips
There are a lot of deferred death benefit options with no medical tests or questions. Photo by Lori Greig A deferred death benefit life insurance policy is one which limits the payout for the first few policy years on non-accidental deaths. Usually, the deferment period is two years, although some plans extend the deferral period [...]
Tags:Assumption Life·Canada Protection Plan·deferred death benefit·Deferred Life·Golden Protection Plan·Guaranteed Issue·non-accidental death·simplified death benefit·Simplified Issue
Life Insurance and the Top 10 Most Dangerous Jobs
March 12th, 2013 · No Comments · Featured, No Medical Life Insurance Tips
Some jobs are extremely dangerous. Photo by ER24 EMSPty Ltd. According to the latest stats from the U.S. Bureau of Labor Statistics, the Top 10 Most Dangerous Jobs in America are the following: 1. Fishing If you’ve seen Deadliest Catch, you know why this has been the deadliest profession in America since 1992. Being pulled [...]
Tags:guaranteed issue life insurance·Most Dangerous Jobs·no medical life insurance·Top 10·U.S. Bureau of Labor Statistics
Hard to Insure Clients: Two Case Studies
February 8th, 2013 · 2 Comments · Featured, No Medical Life Insurance Tips
Our brokers will work hard for you. Applicants with serious health issues may think that obtaining new life insurance coverage is impossible or unaffordable. This is why a broker experienced in insuring hard to insure clients is worth his weight in gold when trying to find the right coverage. Below are two case studies where [...]
Tags:brokers·case studies·hard to insure·lsm insurance·no medical life insurance
No Medical Life Insurance: 5 Insider Tips
February 8th, 2013 · No Comments · Featured, No Medical Life Insurance Tips
No medical life insurance is better for people with health issues. Photo by spcbrass The no medical life insurance landscape in Canada has changed in recent years. Once an afterthought for many insurance companies, competition is heating up among carriers in this market. A couple of reasons for this include the following: 1. Tighter underwriting [...]
Tags:direct sellers·Five Insider Tips·guaranteed premiums·no medical life insurance·traditional life insurance
Why Buy No Medical Life Insurance from a Broker
February 5th, 2013 · No Comments · Featured, No Medical Life Insurance Tips
Buy No Medical Life Insurance from a Broker. Photo by Ian Muttoo We’ve all seen the advertisements on TV, or on the radio, life insurance without a medical test and no health questions. It all seems pretty straightforward and easy, but not so fast. No medical life insurance can be really broken down into [...]
Tags:brokers·Guaranteed Issue·health questions·no medical life insurance·no medical tests·Simplified Issue
What to Look for in a Guaranteed Issue Life Insurance Policy?
February 2nd, 2013 · No Comments · Assumption Life, Bingham Group Services, Edge, No Medical Life Insurance Companies, No Medical Life Insurance Tips
These are things to look out for on guaranteed issue policies. Photo by Joe Hall Guaranteed issue life insurance policies have no medical tests and no health questions. The premiums and coverage details can vary significantly among insurance carriers. The following are some of the things to watch out for when buying a guaranteed issue [...]
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No Medical Life Insurance Pitfalls
February 2nd, 2013 · No Comments · Featured, No Medical Life Insurance Tips
Just because there are no medical tests, doesn’t mean there aren’t risks. Photo by Lori Greig No medical life insurance can be a convenient and viable way for people with health or lifestyle issues to obtain life insurance. The following are five pitfalls to look out for when making that move and going the guaranteed [...]
Tags:blended rates·Non-guaranteed premiums·non-renewable term policies·pumped up accidental death coverage·waiting period
Smoking and Life Insurance: Points to Consider
January 20th, 2013 · No Comments · Featured, No Medical Life Insurance Companies, No Medical Life Insurance Tips
We parse out the difference between smoking and non-smoking rates. Photo by Beautiful Insanity Photography Most insurance companies require an applicant to be tobacco free for 12 months before they qualify for non-smoker rates. To qualify for preferred rates, (which are further discounted rates given to applicants in very good health with very good family [...]
Tags:20-Pay Wholw Life Coverage·cigar smokers·Guaranteed Issue·non-smokers·pipe smokers·Simplified Issue·simplified issue life insurance·smokers
Guaranteed Issue Life Insurance: What’s the Catch?
January 14th, 2013 · 2 Comments · Assumption Life, BMO Life Assurance Company, No Medical Life Insurance Companies, No Medical Life Insurance Tips
What’s the catch? Photo by TheGiantVermin Most of us have seen the advertisements on TV, or heard them on the radio: life insurance with no medical tests and no health questions. How can this be possible? Insurance companies are able to offer this type of coverage and are still able to make a profit because [...]
Tags:accidental death·Assumption Life·BMO Insurance·graded death benefit·Guaranteed Issue·guaranteed issue life insurance
Why Accidental Death Life Insurance Has No Medical Tests
December 6th, 2012 · 2 Comments · BMO Life Assurance Company, Featured, No Medical Life Insurance Companies, No Medical Life Insurance Tips
Dying by accident isn’t particularly common. Photo by gliuoo Accidental death life insurance policies may seem like a good deal at first glance. They can provide up to $250,000 of coverage without an medical and with no health questions. Plus, premiums can remain level, in many instances, to age 70 and beyond. The premiums are [...]
Tags:accidental death·accidental death life insurance·BMO Insurance
How Does Canada Purple Shield Stack Up Against Its Competitors in the Funeral Insurance Market?
December 3rd, 2012 · No Comments · Assumption Life, Canada Protection Plan, Canada Puple Shield, Featured, Industrial Alliance, No Medical Life Insurance Companies, No Medical Life Insurance Tips
Funeral expenses insurance providers go head-to-head. Photo by Pareeerica According to the latest data from the Toronto and District Funeral Directors Inc., the average cost of a funeral is $4,500 and many Canadians are using life insurance to help offset these costs. Canada Purple Shield plans, which are underwritten by Assurant Life of Canada, have [...]
Tags:Canada Purple Shield·funeral expenses·funeral insurance·industry comparison·Toronto and District Funeral Directors Inc.
No Medical Life Insurance: What Our Experts Have to Say
November 22nd, 2012 · 4 Comments · BMO Life Assurance Company, Featured, No Medical Life Insurance Companies, No Medical Life Insurance Tips
Are no medical plans from BMO and others really so no hassle? Photo by Ian Muttoo. No Medical Life Insurance sounds simple at first glance. It sounds like no hassle when it’s advertised as life insurance with no medical tests. But, hold on! Most no medical plans have health questions. They can be broken down [...]
Tags:accidental death·Aman Kapur·BMO·Guaranteed Issue·Mark Potter·No Medical·Tamara Humphries·William Shung
Fully Underwritten vs. Non-Underwritten No Medical Life Insurance Plans
November 22nd, 2012 · No Comments · Featured, No Medical Life Insurance News, No Medical Life Insurance Tips
When most consumers and life insurance brokers hear the words no medical life insurance, they think of a life insurance policy designed for someone was serious health issues.
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What Steps Should I Take If My Life Insurance Application is Declined?
November 11th, 2012 · No Comments · Featured, No Medical Life Insurance Tips
Keep smiling if you are declined for life insurance, all is not lost. Photo by Bassi Baba Roughly 4% of life insurance applications are declined every year in Canada, which represents 32,000 applications and $8 billion in premiums. Lifestyle issues or medical history make up 80% of the reason why applications get rejected. So, if [...]
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Assumption Life’s No Medical Life Insurance Plan: 10 Key Benefits
June 4th, 2012 · 2 Comments · Featured, No Medical Life Insurance Tips
No medical test is inthe top ten.Photo by Lori Greig The Golden Protection Plan from Assumption Life is available without a medical test and the policy is available with a deferred or an immediate payout. The policy is also available as Golden Protection Plus, which offers an increasing death benefit. The following are ten key [...]
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Life Insurance Facts for Simplified Issue Policies
April 26th, 2012 · 2 Comments · Featured, No Medical Life Insurance Tips
No doctors to see with simplified issue. Photo by Montage Communications One of the most trying things about obtaining life insurance are the medical tests involved. Simplified issue policies have no medical tests and only a few health questions.The number of questions depends on the company and plan. The following are some additional simplified issued [...]
Tags:few medocal questions·no medical life insurance·no medical tests·Simplified Issue
You Can Still Get Life Insurance with an Illness
February 16th, 2012 · 2 Comments · Featured, No Medical Life Insurance Tips
An illness doesn’t necessarily restrict you from life insurance. Photo by Divine in the Daily An illness doesn’t necessarily prevent you from qualifying for life insurance because, the bottom line is, life insurance policies generally come in two formats: Traditional life insurance policies, which include a medical test and anywhere from 25 to 30 health [...]
Tags:Guaranteed Issue·illness·life insurance·Non-Medical·Simplified Issue
Guaranteed Issue Life Insurance: Who is it For?
February 6th, 2012 · 3 Comments · Featured, No Medical Life Insurance Tips
Guaranteed Issue life insurance always seems like the most no fuss insurance choice for those who hear about it for the first time.
Tags:Guaranteed Issue·Non-Medical·non-medical life insurance·Simplified Issue
Heart Attacks and Life Insurance
December 6th, 2011 · 1 Comment · Featured, No Medical Life Insurance Tips
Obtaining life insurance after a heart attack is still possible. Photo by ernop After a heart attack, obtaining life insurance can be challenging. In all cases, the insured has two choices: Traditional Life Insurance Plans and No Medical Life Insurance Policies. Traditional life insurance plans ask a series of health questions and usually involve the [...]
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High Risk Clients Pay More for Insurance
July 14th, 2011 · 2 Comments · Featured, No Medical Life Insurance Tips
Health problems can make you more high risk. Photo by See ming Lee LSM Insurance specializes in helping people who are deemed by insurance companies to be high-risk get life insurance at affordable rates. Keep in mind, many variables can contribute to what an insurance company views as high risk. 1. Occupation- Certain pilots, high [...]
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This is Guaranteed Acceptance Life Insurance
May 29th, 2011 · 2 Comments · Featured, No Medical Life Insurance Tips
Photo by Josh Pesavento Another name for Guaranteed Issue Life Insurance is Guaranteed Acceptance Life Insurance. Guaranteed Acceptance policies provide the insured life insurance protection without medical tests and without having to answer any health questions. This differs from ‘No Medical’ Simplified Issue Life Insurance, in that there are also no medical tests, but the [...]
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The Two-Year Waiting Period and Insurance Without a Medical
March 14th, 2011 · No Comments · Featured, No Medical Life Insurance Tips
No medical tests with Guaranteed and Simplified Issue Photo by Blakespot Life insurance issued without a medical test is typically divided into the following two categories: 1. Guaranteed-issue Life Insurance, which has no health questions and no medical tests. BMO Insurance is a leading provider of Guaranteed Issue plans – selling its flagship plan, Guaranteed [...]
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Life Insurance and Funeral Costs
March 12th, 2011 · 9 Comments · Featured, No Medical Life Insurance Tips
Photo by wickenden Looking for a way to cover final expenses? Life insurance maybe the answer. Proceeds are paid out tax free in a lump sum. The Industrial Alliance website breaks down the cost of Funeral Expenses and related expenses. It reveals that it costs a minimum of $2,500 to organize a funeral in Canada. [...]
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What Are the Term Life Insurance Policy Ratings?
March 5th, 2011 · No Comments · Featured, No Medical Life Insurance Tips
These are the decisions underwriters make. Photo by Joe Hall If you’ve applied for Term Life Insurance recently, you can expect to receive one of four underwriting decisions: 1. Preferred Rates – Preferred rates are given to individuals who are in excellent health and have very good family health history. Preferred rates are often broken [...]
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A Clear Picture for Underwriters on Your Insurance Application
February 7th, 2011 · No Comments · Featured, No Medical Life Insurance Tips
Give a lot of details if you’re hard to insure. photo by Joe Hall LSM advisors are specially trained to deal with hard to insure clients. When dealing with health issues like diabetes or heart disease, it’s vital that the broker let the underwriter know all relevant and pertinent information and give the underwriter the [...]
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Canada Protection Plan’s Deferred Term Policies
January 20th, 2011 · No Comments · Featured, No Medical Life Insurance Tips
Save your coins by picking the right plan. Photo by Garry Knight If you’re looking for a non-medical plan, Canada Protection Plan offers three non-medical life insurance term policies: * Deferred Term Coverage – Non-accidental deaths are limited to a return-of -premium plus interest in the first two policy years. * Simplified Term Coverage [...]
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