Unhealthy Life Insurance: A Solution for the Hardly Insured

Life insurance is a very important way to ensure the well-being of one’s family in the event of a tragedy. But unfortunately, traditional life insurance is not an option for many people for many reasons. More than 30,000 traditional life coverage applications are rejected each year. People can be rejected by traditional life protection for anything from having a chronic illness to working in a dangerous job. The good news is that for these people, there is another option: No medical life insurance. It is a type of life insurance that does not require you to undergo a medical examination for your application to be accepted. There are two types of health insurance policies: simplified life insurance and guaranteed life insurance.

Simplified Issue Insurance Plan

When you apply for the simplified subject insurance policy, you do not need to be examined by a doctor. However, you may be asked to complete a questionnaire about your health and history, which usually contains anywhere from three to 12 questions. These may include questions about any chronic medical conditions you may be exposed to, whether you have been rejected for traditional insurance in the past, whether you have regular activities that put you at risk (such as smoking or a high-risk occupation). , and more. Generally speaking, the higher the number of questions in one of these apps, the lower the premium and vice versa. It’s important to keep in mind that the face amount on a simplified issue policy is usually limited to $150,000.

Guaranteed Export Life Insurance

The guaranteed subject insurance plan does not require applicants to attend a medical examination or complete a health questionnaire. As a result, these policies are very popular for people with serious illnesses. However, the downside to these policies is that they are much more expensive and have much lower coverage amounts for non-accidental deaths – usually around $25,000. On top of that, with many guaranteed issuance policies, if you die within the first two years, your beneficiary’s payment will be limited to a premium refund. Despite this, however, guaranteed issuance policies are often the only option for the seriously ill, and few applications are rejected because no knowledge of the medical condition is required to apply for one of these policies; The most common reason for rejection is that the applicant is above the maximum age limit, which is usually 75.

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Who Should Not Consider Medical Life Protection?

This type of life insurance is a great option for a wide variety of people. Medical exams are still an option for you if you’ve been denied for conventional insurance in the past or have a chronic illness, have a high-risk job, or have been previously convicted of driving under non-insurance life insurance policies. Also, many people find it uncomfortable to undergo a medical examination for personal, religious, or other reasons. These people may find themselves much more comfortable with a simplified problem insurance policy.

How Can You Buy Without Medical Life Insurance?

There are several ways to purchase this type of lifeguard. The first is to purchase insurance directly from agents employed and employed by certain insurance companies. Or you can buy a policy from an insurance broker. Brokers are independent, but agents sell products from more than one insurance company. These are the main sources from which you can buy life insurance without a medical examination. Learn more about the policy and get a free no-health life insurance quote today.

About Lily Hammond

I have been working as an insurance consultant in my own insurance agency since 1998. Because I've been doing this for so long, I know every detail and I'm here to help you. You can find my e-mail address and work phone on the contact page.

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