Many people with health issues used to be hesitant about applying for life insurance, especially if they had a pre-existing medical condition such as heart problems, diabetes etc. They felt there was no point, as they were likely to be declined or turned down.
It is good to know, however, that insurers are now offering a wide variety of NO-Medical Life insurance. There are many life insurance brokers in Toronto and throughout the country who have done research on what companies are more forgiving on certain conditions that will help you find the right product for your age or medical issues.
No Medical insurance is available to most anyone between the ages of 20 and 80, provided they can answer “NO” to a few qualifying questions. No disclosure of detailed medical or lifestyle information is required during the application process. A simplified application is all that is required.
This type of plan will benefit you if:
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You have been turned down before
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You are hard to insure
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You hate needles and undergoing blood testing
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You smoke
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You are overweight
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You don’t want to go through a medical exam
In Ontario Life Insurance Brokers are licensed and regulated through The Financial Services Commission of Ontario. FSCO is a regulatory agency of the Ministry of Finance that regulates life insurance and other financial services. Due to the continuing education requirements, this has resulted in better life insurance brokers in Ontario.
Insurance Advantage 