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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Airtel Partners With Bharti AXA Life, Offers Prepaid Plan With Rs 4 Lakh Insurance Cover Bharti Airtel has partnered with and Bharti AXA Life Insurance to leverage the deep penetration of mobile services and financial security in India. Airtel today launched an innovative Rs. 599 pre-paid bundle with 2GB data/day, that offers unlimited calls to any network and 100 SMS/day, and Rs Four lakh life insurance cover from Bharti AXA Life Insurance. The recharge comes with a validity of 84 days and the insurance cover continues automatically for three months with every recharge. As per IRDAI, insurance penetration in India is less than 4% of the population while mobile penetration is close to 90...
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If you are familiar with the process for buying life insurance, you may be aware that most insurance companies require the insured to pass a medical exam before coverage goes into effect. This exam usually takes place in the applicant's home, but you may request it to be completed in any private location. During the exam, your blood pressure, weight and height will be reviewed. Blood and urine samples will also be completed. In many instances, this entire exam only takes a few minutes of your time. However, there are many reasons why you may not want to get a physical exam when you apply for new life insurance coverage. Regardless of the reason why you do not want a medical exam, an...
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Basics of No Physical Life Insurance No Physical Life Insurance is meant for the senior people who are suffering from any kind of ailment and who most probably would not qualify for any other kind of life insurance which could make it difficult from them to pay for final expenses and burial costs. No Physical Life Insurance renders you with a path to procure the financial future of one's family. It is a big relief that the premium you yield will not be grounded on your health condition. Even if you are not a senior citizen and also not suffering from poor health, it could perhaps be an effective option for you if you work in risky jobs (military, police, and fire department). It can be...
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If you need life insurance for an elderly parent over 80, or you are a senior in your 80’s looking for life insurance, this guide is for you! How life insurance can help someone in their 80’s. What types of life insurance are available at 80 years old. Rates for no medical exam, guaranteed issue life insurance. The life insurance companies who will insure people over 80. Below we will help you decide if life insurance is a good investment at this age range, and what to do next. Why Get Life Insurance for Seniors Over 80? Before we dive into the nitty-gritty of purchasing a policy in your 80’s, let’s first discuss if you should get a life insurance policy at this age. If you have...
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