Life insurance is the most important way to ensure the well-being of one family in the event of a tragedy. Unfortunately, however, traditional life span is not an option for many people for a variety of reasons. Over 30,000 traditional life cycle applications are disabled every year. People may abandon the traditional protection of life from anything, from a chronic illness to working in a dangerous job. The good news is that there is another option for these people: no medical life insurance. This is a type of life coverage that does not require you to undergo a medical examination so that your application is accepted. There are two types of health insurance policies: simplified life protection and guaranteed life insurance.
Simplified Insurance Plan
When you apply for a simplified insurance policy, you do not need to be examined by a doctor. However, you can fill out a questionnaire about your health and history, which usually includes from 3 to 12 questions. This may include questions about any chronic illness that you may suffer from, regardless of whether you have been rejected for traditional insurance in the past, if you have any regular activities that put you at risk (such as smoking or high occupation) and more. Generally speaking, the higher the number of questions in one of these applications, the lower the premium will be, and vice versa. It is important to keep in mind that the size of a person in a simplified release policy is often limited to $ 150,000.
Guaranteed life insurance
The guarantee insurance payment plan does not require applicants to submit for a medical examination or to fill out a questionnaire. As a result, these policies are very popular for people with serious illnesses. However, the disadvantage of this policy is that they are much more expensive and have a much smaller amount of coverage for non-accidental death cases - usually around $ 25,000. In addition, with many guaranteed release policies, if you die within the first two years, the payout received by your recipient will be limited to the return of the premium. However, despite this, guaranteed policy problems are often the only option for seriously ill patients, and since no health information is required to apply for one of these policies, very few candidates are rejected; The most common cause of failure is that if the applicable indicator exceeds the maximum age, which is usually 75.
Who should not consider medical life protection?
This type of life insurance is a great option for all kinds of people. If you have been denied traditional insurance in the past, or it would probably be, for example, if you suffer from a chronic disease, work with a high risk or have previously been convicted of driving under the influence of life, insurance policies that exclude medical examinations are still for you option. In addition, many people find it inconvenient to undergo a medical examination, for personal, religious or other reasons. These people may be much more comfortable in a simplified insurance policy.
How can you buy medical life insurance
There are several ways to get this kind of life protection. The first is to buy insurance from direct agents who work and work for specific insurance companies. Or you can buy a policy from an insurance broker. Brokers are independent, but, unlike agents, they sell the products of several insurance companies. These are the main sources from which you can purchase life insurance without a medical examination. Learn more about the policy and get a free health insurance quote today.
