How to Get Life Insurance with No Medical Exam

So many companies, so many options! As you head out to shop for life insurance you will soon discover that many companies in Toronto require taking medical exam. Certainly, the results of exam will influence your premiums! If you have certain health problems, then you should keep in mind the following issues.

Try to avoid getting a term life insurance.

In general, insurance companies require that you take medical exam upon term life insurance purchase. Moreover, you will have to go for a health check every time you want to renew your policy. On the other hand, standard life insurance does not require medical exam. This type of life insurance is meant to work for you permanently accumulating cash value along the road.

Find life insurance companies that disregard age requirements.

Some companies do not require medical exam. However, they imply age limitation which makes the whole situation even more complicated. You don't really want it, do you? So try to keep away from policies with age limitations.

Consider getting an accidental life insurance.

It typically requires no medical exam. It's a good option for people with health problems. This insurance policy covers accidents, not illnesses. So it is payed only if the death is accidental and not due to the illness. However, before buying this life insurance find out what cases are considered to be accidental.

Get life insurance quotes from a couple of companies.

If you have found life insurance with no medical exam offered by several insurance companies take your time to compare the rates. In general, life insurance that doesn't require medical exam is more expensive as compared to standard coverage. Therefore, spend some of your time to shop around. This way you will be able to find quotes that work best for you.

Consider all the information above. This will help you to make the right choice on life insurance with no medical exam. Well, why not start your search right now?