Insurance Blog

There are a lot of deferred death benefit options with no medical tests or questions. 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 for up to four years. All guaranteed issue policies come with a deferred death benefit. The reason for this is guaranteed issue policies have no health questions and have no medical tests, so the ...
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No medical tests necessary for Canada Protection Plan's Whole Life Policies.Canada Protection Plan offers four separate no medical whole life Insurance plans ...
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According to the latest stats from the U.S. Bureau of Labor Statistics, the Top 10 Most Dangerous Jobs in America are the following: ...
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Assumption Life Is a leading provider of no medical life insurance. They have a variety of plans available without a medical. Assumption Life's Flex Term plans have no medical tests, but have a full range of health questions similar to those found on traditional life insurance plans. Their Golden Protection plan offers coverage on a deferred and immediate issue basis. The plan has face amounts of up to $50,000, no medical tests and ten health questions. Assumption's Total Protection Plan, which is also a no medical ...
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When most people hear the words  "No Medical Life Insurance" they often assume that there are never any health questions required to qualify on any policy branded that way. In actual fact, No Medical Life Insurance policies can be broken down into two categories: Guaranteed Issue Policies and Simplified Issue Policies. The guaranteed issue policies are the ones that include no health questions and no medical tests and the simplified issue policies have no medical tests, but there really are a short series of health ...
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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 the team at LSM Insurance was able to help: #1 A 48-year-old male, weighing  295 lbs with elevated cholesterol and high blood pressure was declined for life insurance and subsequently ...
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No medical life insurance is better for people with health issues.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: Tighter underwriting requirements among insurance carriers have made no medical life insurance a more enticing option among consumers. Profits are being squeezed on permanent life and guaranteed critical illness insurance policies, causing many providers to look for alternative ...
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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 two categories: Guaranteed Issue Life Insurance, where there are no medical tests and no health questions, and simplified issue life insurance, where they're also no medical tests, but a short series of health questions. Most of the plan sold directly through Insurance carriers ...
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1. How long is the waiting period for non-accidental deaths? Most guaranteed issue policies have a two-year waiting period, which means that if the insured dies in the first two years, the coverage is limited to a return-of-premium, plus interest. However, this waiting period can vary with some companies having waiting periods as short as one year and others having waiting periods as long as four years. 2. Graded Death Benefits - A graded death benefit means only part of the death benefit is paid ...
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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 issue route: 1. The Waiting Period - Certain no medical life insurance policies come with a two-year waiting period on non-accidental deaths. 2. Blended Rates - Certain no medical life insurance rates have blended rates for smokers and non-smokers. This means smokers are paying a lower ...
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