No Medical Life Insurance: How To Qualify For Coverage!
We see a lot of people searching for life insurance quotes for elderly. It is really joyful to see that people are beginning to realize the purpose and the advantages of life insurance, but unfortunately, for many it is too late.
It is really difficult to get life insurance under standard policies if you are over 50 years old. The best alternative, in this case, is to apply for no medical life insurance. There are just a few conditions that must be met in order to qualify for coverage.
No medical exams are less restrictive towards senior people, but even these policies have an age limit. Usually, the maximum accepted age is 85, but there are companies that do not accept people over the age of 75 years. So, a first criterion is to be younger than 85 or 75 years. Secondly, you must not be in critical condition.
Guaranteed issued no exam life insurance plans usually provides coverage for people with serious medical condition, but again, there are also limits. If you have cancer or leukemia and you are expected to live just a few months, almost nobody will issue a policy for you. Not even companies selling no exam policies.
Although you will not have to take medical exams, companies will be interested about your health condition and will give you a questionnaire or will ask to bring recent medical records. So, the next condition is to bring accurate and real info about your health status. Lying is not an option and if get caught, you will have only to lose.
Do not neglect financial factor. Purchase only policies that are affordable to you. You can ensure that you will make a good decision after you have compared prices and scanned the insurance market. Instant quotes are the perfect tool for this job and there are many websites offering free online quotes. Inform, compare and decide- this is the key for making a good deal.
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