When do you need to consider No Medical Insurance?
Not everybody can qualify for traditional insurance products in Canada, such as critical illness insurance, life insurance and disability insurance. There’s a relatively new insurance product called No Medical Insurance. This special insurance policy is unlike other standard insurance products. No Medical Insurance policies are issued without a medical exam. Reasons for looking into No Medical Insurance can vary, from being in poor health to having existing medical pre-conditions (such as cancer, diabetes, obesity, etc.). Some policy types could be also available without any health-related questions. It means that it is much easier to qualify for this insurance and get necessary protection. A No Medical Insurance policy is also a good solution for seniors who have trouble getting traditional insurance coverage due to their age or any age-related illness they may have.
Costs for this type of policy can vary significantly across insurance providers – even more significantly than the difference in costs for traditional life, disability and critical illness coverage. Life Insurance Pro has the areas of extensive experience in insurance quotes and selling policies (also called underwriting) to people with a history of heart disease or heart attacks, or selling to those that have a diabetes pre-condition. Others may focus more on the best protection packages for seniors. Our key objective is help you navigate across the many questions and options you have, and to get you the best policy while minimizing your insurance rates.