Can we buy a Life Insurance Policy without a Medical Exam in Canada

1. Can we buy a Life Insurance Policy without a Medical Exam in Canada? In Canada, there are many life insurance options available. The Canadian people can select the policy according to their requirements; they can search online and educate themselves on its benefits. Still, they came across logical evolution insurance, and that is life insurance without a medical examination. What is No Medical Life Insurance? No medical life insurance means obtaining a life insurance policy without a medical exam or physical exam and a statement from a doctor. Various Canadian companies are offering insurance without a medical examination. In Canada, people are so busy with their work and family life, so they obtain no medical insurance that is easier for the clients. Life insurance without medical examination is the fastest growing sector in Canada. Can we get Life insurance if someone suffers from some health concerns or Pre- Existing Conditions? Yes, there are various life insurance products available in Canada with medical conditions. The choice may depend on the state of your health. However, your health condition will affect how much insurance policy you can buy, and you can get a higher annual premium rate compared to those in better health. How much does Life insurance get without a medical examination in Canada? Life insurance without medical examination depends on what policy you select and from which company you are buying. But you may get up to $1000000 insurance coverage.

2. But for more exposure, you can consult with some advisors; they will guide you better to choose the best one for you. Types of No Medical Life Insurance: There are few types of insurance without medicalcare offered by Canada’s best insurance companies, and they are: 1.Accelerated Underwriting Life insurance with accelerated underwriting will represent fully underwritten products. The insurance company uses different decision-making to decide whether you need to take a medical exam to qualify for a specific life insurance policy. For example, it depends on age, the amount of coverage needed and an individual reaction to the medical questionnaire; some insurance companies will instantly determine that you require a medical exam or not. 2.Simplified Issue Life Insurance Obtaining this insurance does not require a medical examination by a doctor, but it may involve a questionnaire about your health. When purchasing, this simplifies the issue of life insurance; you should ask some questions about yourself if you are diagnosed with any critical illness, hospitalized, and buy another life insurance policy. You can purchase Simplified issue life insurance for the whole life or a term period. 3.Guaranteed Issue Life Insurance Guaranteed issue life insurance does not need any medical examination and no questionnaire. Still, you will be liable to get a lower amount of coverage, i.e., around $25,000 for non — accidental death. In many guaranteed issue policies, if you die within the first two

3. years, your nominee will get a benefit equal to the amount you paid to the procedure. However, when you purchase guaranteed issue life insurance, your coverage stays in effect until you continue making payments. Life insurance without medical examination is a viable option for healthy young people who don’t require coverage. Those individuals who don’t qualify for traditional coverage because of health conditions can also opt for it. If you need insurance without medical check up quickly, then you may choose it. Be smart about Life insurance without medical examination plans, and don’t wait for much longer to buy one. Connect with the best life insurance company in Canada to know more about no medical insurance plans.