We may receive payment from affiliate links included within this content. Our affiliate partners do not influence our editorial opinions or analysis. To learn more, see our Advertiser Disclosure. Traditionally, buying a life insurance policy isn’t known for being a speedy process. But times have changed. If you’re turned off by a life insurance medical exam and lengthy wait times for approval, you have options. Some insurance companies have significantly accelerated up the life insurance shopping experience. You can find policies that forego the medical exam and are competitively priced compared to traditional life insurance policies. Called no-exam life insurance, these...
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We may receive payment from affiliate links included within this content. Our affiliate partners do not influence our editorial opinions or analysis. To learn more, see our Advertiser Disclosure. Be honest: You’re not wild about all the poking and prodding during a medical exam for a life insurance policy. Fortunately, more and more life insurance companies are ditching their requirements for a medical exam and offering coverage without it. This is known as no-exam life insurance. Instead of an exam, a life insurance company will often rely on other medical and personal information that it can gather about you. No-exam life insurance is popular thanks to its convenience and speed,...
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Here’s one unexpected lesson we have all learnt from the ongoing pandemic, financial planning is imperative. While people often plan for the certain, their homes, cars, marriages, babies or even retirement, saving for the uncertain or unexpected isn’t on most of our radars. One cannot refute the fact that Covid-19, has created uniquely challenging circumstances for us all but also taught us that the future belongs to those who prepare for contingencies and unforeseen situations. As we make a conscious effort to fortify our physical and emotional health, nurturing various facets of our financial health has never been more important. Taking lessons from this pandemic, it is...
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A white circle with a black border surrounding a chevron pointing up. It indicates 'click here to go back to the top of the page.' A white circle with a black border surrounding a chevron pointing up. It indicates 'click here to go back to the top of the page.' A life insurance medical exam can save you money. Here's what to expect from the test. Three evenly spaced dots forming an ellipsis: "...". Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American...
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I am new to this website and asking for your help with a situation related to my personal finances. I have a friend who recently joined WFG (World Financial Group) and they were asking for me to join them as well (to which I politely declined). But since I have seen a lot of my other friends are interested in WFG and the policies that they were selling (At least 10 of my acquaintances have gotten themselves Universal life policies from this friend of mine), I just wanted to understand how good of a decision they are making and if this is something I should also consider. The policies that they are getting is with Industrial Alliance https://ia.ca/universal-life-insurance, and he also told...
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UNUM Voluntary Whole Life and Accident Whole Life Insurance Unum's Whole Life Insurance is designed to pay a death benefit to your beneficiaries but it can also gain cash value while you are living. This benefit offers an affordable, guaranteed level of premium that won't increase due to age. Unlike term life insurance, this coverage can continue into retirement. • You have the ability to purchase Whole Life Insurance for yourself, your spouse and your children • Purchase the precise amount of coverage that is right for your needs • No physical exams are required to apply for coverage • Coverage is portable - you can take your policy with you if you leave the company or...
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Ask the Life Insurance Expert What is "simplified issue" life insurance? "Simplified issue" means you answer a few questions about your medical history for the life insurance application, rather than undergoing a medical exam. "Guaranteed issue" means you don't have to answer any medical questions or go through a medical exam. You qualify for coverage, regardless of your health. Simplified issue and guaranteed issue life insurance make applying quick and easy. But if you're reasonably healthy, you'll get a much better rate per $1,000 of individual life insurance coverage by going through a standard application process that includes a life insurance medical exam. A life insurance medical...
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Uses of a No Physical Life Insurance At first, no physical life insurance might seem like impossibility but it actually is a unique kind of insurance plan that has been simplified r guaranteed to provide coverage t particular clients who might be having a hard time getting the necessary insurance coverage. If a standard policy does not let you get the necessary coverage, then the no physical life insurance might be able to give you coverage. However, you also have to be prepares that the cost of no physical life insurance will be a lot cheaper compared to standard policies. Basically, the no physical life insurance has been created for the sake of those who have ailments and normally get...
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How a No Physical Life Insurance Policy Can Help You Obtain Coverage within Minutes For many people, the need for a good insurance policy is an immediate one. If you cannot wait the usual processing time to get a policy into place, you do have options. A no physical life insurance policy may be the answer. It bypasses some of the steps that are normally taken, and usually gets you covered within minutes. With Spectrum Direct, getting your no physical life insurance policy is a quick and easy process, done electronically at our site. There are no forms to fill out and only a short questionnaire to complete. Through our affiliation with American Life Direct, we can bring our customers the...
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Health insurance providers in the Cayman Islands that previously did not cover medical cannabis are now reviewing their positions, according to the leader of Cayman’s health insurance advisory group. Cayman Islands Insurance Association Health Insurance Standing Committee Chairman Annikki Brown told the Cayman Compass that local insurers recently received guidance from Chief Medical Officer Dr. John Lee based on guidelines out of the United Kingdom. “Now that we have this, cannabis should be covered in accordance with these guidelines,” Brown said. Three insurance companies – Generali, Pan-American Life Insurance Group and CINICO – have covered medical cannabis prescriptions to date. Five...
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