Life Insurance application guidelines

Life Insurance application guidelines

When one has a history of health issues like diabetes etc. etc., there could be a strong possibility of being approved only for sub-standard rates or even get declined. The insurance company will not qualify you, under those circumstances, for preferred rates. So, the advise is, please do not get tempted if someone tells you that you could get a preferred or an elite rate. Give it a thought before applying for life insurance. It might even be useful to first apply for a non-medical life insurance plan and have that in your bag. Once you’ve got this insurance, you have some protection. Then you may go for a medical and see what your rating through a medical life insurance is. Once that decision is out, you could compare that rating, its costs and benefits with your non-medical insurance and go with a better one. Please understand that if you are declined or rated by an insurance company, it could restrict the possibility of getting insurance elsewhere. Hence, first, getting an insurance plan through non-medical could be a wise decision.
You could contact me at www.yourinsuranceguy.ca for your insurance needs or call me at 1 4165092540.

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