Getting Life Insurance with No Medical Tests

admin | September 11, 2013

Life insurance is something that everyone needs to have. Whether you have a family, are just starting one or are single. It doesn’t matter how old you are either, the need for life insurance is the same. A sudden death can be a tremendous financial strain on a family and planning for that ‘just in case’ scenario is always wise. Getting life insurance with no medical tests is also possible and this can be particularly appealing to seniors or those with a history of illness. Life insurance with no medical tests makes it possible for everyone to plan for their future – there is no excuse not to be insured.

In the past, getting insurance with a medical history was often either too expensive or completely unavailable, but not anymore. There are many providers out there now who offer ‘no medical’ policies, and these policies are not only just term-life but in many instances, whole-life policies are available too. Life insurance with no medical tests is something that may appeal to those who smoke, are overweight or just generally difficult to insure. Even if you have been turned down in the past by certain insurers, it doesn’t mean you are out of options.

One thing to be aware of is that applying for life insurance without a medical exam often implies that there are some sort of medical issues. Because of this implication, premiums can be higher or conditions may be imposed. Whenever you are considering some sort of life insurance with no medical tests, read all the fine print. Know the policy inside and out so that there aren’t any surprises if you do need to file a claim one day.

Life insurance is a lot like your health, ironically enough. If you get proactive about it at an early age, you will be better off. Applying for life insurance in your early twenties when you are the picture of health is a good way to get a great deal on a great policy, just like if you practice good health early in life you are more likely to maintain it throughout. Many younger people don’t invest in life insurance because they feel as though they have all the time in the world. Many people in general don’t consider life insurance until something happens, such as a serious illness, but it should be something you obtain in case of illness, not because of it. Having to shop for life insurance with no medical tests will still get you a policy, but will it be the best policy? The most affordable? Perhaps not.

However, if you weren’t proactive earlier in life or you were one of those people who had to encounter health issues before pursuing insurance, you can still get it. “Life insurance with no medical tests will still offer death benefits, lump sum payments or whatever you may need to ensure your family is financially secure, you just need to shop around for it.”

Here at NoMedicalLifeInsurance.ca we can help you with this sort of financial planning. Our clients are important to us and we are here to serve them with our team of professionals who pride themselves on their ability to serve clients effectively. We work with many different insurance carriers to ensure that we find you the policy that fits you best. Contact us today to discover more about life insurance with no medical tests.