What is no-medical-exam life insurance? Would you prefer to get life insurance without getting a doctor’s exam? If so, you’re not alone. Many people don’t enjoy taking time off from work to go to the doctor. And many don’t like the long waiting period between applying, going to the doctor, and finding out if they’re approved for coverage. With no-medical-exam life insurance, you can skip the doctor visit. Instead, the insurance company will rely on your medical history. They will typically ask you to fill out a form about your health. The number and kinds of questions depend on the company and the policy, but they may include questions about your medical conditions, family medical history,...
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No Exam Life Insurance Is Convenient, but Is It Smart? Life insurance is one of the best ways to ensure the financial stability of your loved ones after you die. However, the application process isn’t all that fun. Traditional life insurance policies require applicants to undergo a medical exam as part of the application, which means you have to wait weeks to schedule an appointment and then actually undergo a physical. The reason insurers require an exam is so they can assess the risks involved with offering you coverage. Today, however, there is an alternative that doesn’t require you to undergo a medical exam: no exam life insurance. How do no exam policies differ from traditional...
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Why choose life insurance with BMO Insurance? About BMO Insurance As a subsidiary of BMO Financial Group, BMO Insurance has more than 200 years of heritage and experience. This financial strength and established reputation allows the company to offer insurance products with comprehensive benefits, flexible coverage options and highly competitive pricing. BMO Insurance has earned the trust of its customers through its integrity, commitment to innovation and diversity, and dedication to delivering an exceptional customer experience. BMO Insurance has earned the trust of our customers through integrity, a commitment to innovation and diversity, and a dedication to delivering an exceptional...
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Life insurers face unprecedented challenges By The IJ Staff | April 22 2020 10:15AM Uncertainties around the rise and fall of COVID-19 transmission rates throughout this year mean that North American insurance carriers face unprecedented challenges that are likely to extend beyond the shorter-term remedies that many have already implemented, says a report by McKinsey...
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Yes. As long you have an active life insurance policy in good standing, your beneficiary or beneficiaries will get a death benefit should you die of coronavirus-related complications. In addition, your insurer cannot change your premiums or your health classification. That holds even if you contract COVID-19, the respiratory illness caused by the novel coronavirus, or are at higher risk of exposure due to your job or recent travel to a virus hot spot. What if I don't have life insurance? Can I get it during the pandemic? Insurers are offering new whole life and term life policies during the pandemic, but getting covered could take longer and cost more than it did before the outbreak began,...
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If you want to ensure that you have ample coverage as a senior so that your family can cover your funeral and final expenses, you might be shopping around for the best whole life insurance for seniors. Unfortunately, this process can be incredibly overwhelming. If you’re like a lot of seniors, you might be confused by the different policies that are out there; for example, you might not know if a term life insurance or whole life insurance option is going to be the right choice. You might not know what type of benefit amount you should be looking for. Additionally, if you are over 60 years old, you might be worried about qualifying for coverage. You might have heard that it’s hard to...
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Term Life Insurance No Exam Learn How to Buy Term Life Insurance with No Exam and Start Your Coverage Today Today, it's quick and easy for you to get term life insurance coverage with no exam. Even if you smoke, you're overweight, or you're on medication, you may qualify for coverage. If approved, you can start your life insurance today. Get up to $2,000,000 of coverage. There's no exam required, just some health questions. No Medical Exam, if you qualify for coverage Get up to $2,000,000 Coverage Rated "A++" Superior by A.M. Best Company for financial strength Start Your Life Insurance Coverage Today 30 Day Money-Back Guarantee Instant life insurance protection for your...
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We often have people asking us if they can buy life insurance without needing to get a medical exam done. You have some options in this scenario, but for most applicants, a medical exam will be needed. However, a medical exam isn’t as bad as you might think. Let’s talk about the medical exam and the options you have if you want to avoid one at all costs. Why a Life Insurance Medical Exam Isn’t So Bad First of all, know that you do not need to pay for this medical exam. Nor does it go through your health insurance. This cost is absorbed by the life insurance company and will be completed free of charge to you. Second, the medical exam doesn’t have to be inconvenient. Understandably, you may...
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Selling no-exam life insurance really helps with cash flow in the first few years of your business. There’s nothing better than taking an application and getting paid the next week. The reason I’m writing this article is I’ve noticed that many agents have an issue with selling no-exam life insurance because of the price and those that want to sell it, have no idea how to position it. In order to consistently sell no medical exam life insurance, you have to get over your limiting belief that no-exam life insurance products are inferior because they’re more expensive. Put the cost out of your mind and let your prospect decide what ‘s best for them. Let them...
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As its name suggests, no medical exam life insurance is a type of policy that does not require you to undergo a medical examination (which typically includes providing a blood and urine sample) as a part of the underwriting and approval process. Because there is no medical exam required, these policies can oftentimes be approved and issued much more quickly than a traditionally underwritten plan - and in some cases, no exam life insurance policies may even be issued on the same day it is applied for. In many ways, a no medical exam insurance policy will work the same way that a fully underwritten life insurance plan operates. For instance, in return for a premium payment, the insured is...
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