Insurance Blog

10 No Medical Life Insurance Myths—Debunked and Clarified What is No Medical Life Insurance? No medical life insurance is a type of policy that eliminates the need for medical exams. In some cases, it even skips the medical questionnaire altogether. This type of coverage is ideal for individuals who may not qualify for traditional life insurance, which typically requires both medical tests and a health questionnaire. There are two main types of no medical life insurance: Simplified issue no medical life insurance: Requires a medical ...
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Critical Illness Costs Compared for Various CI Insurance Types What is Critical Illness Insurance Critical illnesses such as cancer, heart disease, and strokes are increasingly common, affecting millions of people worldwide each year. These conditions can have devastating effects on individuals and their families, often leading to significant medical expenses and lifestyle changes. The likelihood of developing a critical illness can depend on various factors, including age, genetics, and lifestyle choices, making it a concern for many. For instance, a person with a family history ...
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How Having an Office Job Affects Disability and Critical Illness Insurance Rates Why Disability Insurance and Critical Illness Insurance Matter Even for Office Employees? Even though office employees generally have a more secure and less physically demanding work environment, it's still essential for them to consider disability and critical illness insurance. Accidents can happen unexpectedly, and disabilities may arise not only from physical injuries but also from mental health conditions, which are becoming increasingly common. In fact, about 1 in 4 people will experience a ...
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Disability Insurance for High-Risk Jobs: Cost and What You Must Know How does Disability Insurance work? Disability Insurance offers a crucial safety net that distinguishes itself from Critical Illness Insurance by providing a reliable income replacement if you find yourself unable to work due to a disability, regardless of age. This coverage is not just for the working years; it extends into your senior years, ensuring comprehensive protection throughout your life. When you have Disability Insurance, you can count on regular monthly payments that help you manage ...
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Disability Insurance for Senior Citizens: How Much is it and What Should You Know? How does Disability Insurance work? Unlike Critical Illness Insurance, Disability Insurance coverage replaces a portion of your income if you become disabled and are unable to work, even as a senior. This insurance provides monthly payments, ensuring you can cover essential expenses and maintain your standard of living during the period of your disability. These benefits continue until you are able to return to work, offering peace of mind and financial stability ...
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Why is Critical Illness Insurance Important for Seniors? As we age, the likelihood of confronting a critical illness increases significantly, making senior citizens far more susceptible to serious health challenges than their younger counterparts. Compounding this vulnerability, many seniors find themselves ineligible for disability insurance due to the absence of regular employment or income at this stage in their lives. This situation is further exacerbated by the urgent nature of their treatment needs; unlike younger individuals who may have the luxury of time on their ...
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Life Insurance and High Blood Pressure: Background Getting Life Insurance with High Blood Pressure What is a Rated Policy? Can You Be Denied Life Insurance for High Blood Pressure? Does High Blood Pressure Increase Life Insurance? What are the Typical Life Insurance Rates with High Blood Pressure? What Life Insurance Types Can You Get with High Blood Pressure? What is the Best Life Insurance for People with High Blood Pressure in Canada? Life Insurance and High Blood Pressure: Background Blood pressure is a measure of ...
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Life Insurance and Cancer: Introduction Does Life Insurance Cover Cancer? Can You Get Life Insurance with Cancer? Different Types of Life Insurance Explained What Is the Difference Between Life Insurance and “Cancer Insurance?” No Medical Life Insurance and Cancer: Rates Getting Life Insurance with Cancer Life Insurance and Cancer: Introduction Cancer is a complex and devastating disease that occurs when abnormal cells in the body grow out of control and invade surrounding tissues. These cells can spread to other parts of the body through the ...
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Life Insurance and Diabetes: Introduction Can You Get Life Insurance with Diabetes? Different Types of Life Insurance Explained Standard Life Insurance and Diabetes: When to Choose it No Medical Life Insurance and Diabetes: When to Choose it No Medical Life Insurance and Diabetes: Rates Life Insurance with Diabetes Type 1 Life Insurance with Diabetes Type 2 Life Insurance for Seniors with Diabetes Getting Life Insurance with Diabetes Life Insurance and Diabetes: Introduction The rise of diabetes in Canada is a concerning trend. According to 2019 ...
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Life Insurance and Depression: Background Can you Get Life Insurance with Depression? Does Life Insurance Cover Depression? What Type of Life Insurance Rates can you Get with Depression? Does Depression Affect Life Insurance Rates, and How? No Medical Life Insurance and Depression: Rates What is the Best Life Insurance for Depression? Life Insurance and Depression: Background Depression is a serious mental health issue that affects millions of Canadians. According to Statistics Canada's 2012 Canadian Community Health Survey (CCHS) on Mental Health, 5.4% of the Canadian ...
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