Author: William Gerena

 

What is No Medical Simplified Life Insurance In Canada | DESC

Canadian residents have the option of taking out a No Medical, Simplified Issue Life Insurance plan – these plans are ones that you can get without needing to submit to a medical exam or to get a doctor’s report.

The Canada Protection Plan is one example of such a plan, but there are others. They offer a rapid way of getting life insurance, with no medical required.

The premiums can vary massively with these plans, but they can be a lifeline for people who have pre-existing health conditions that might mean that on a standard plan they are faced with hefty premiums.

Who Should Have No Medical Life Insurance in Canada?

No medical life insurance is a good option for people who are Canadian residents, or who have work permits and are currently in Canada, and who are hard to insure for various reasons. Someone may be difficult to insure if:

– They have a high-risk job
– They take part in extreme sports
– They have pre-existing health conditions

In addition, some people may want to take out health insurance quickly, perhaps because their existing coverage has expired, and they may not want to have to submit to an exam. In that instance, it can make sense to look for a no-medical policy, because you can open them more quickly since you don’t need to book in with a doctor, have blood tests and other tests, and the wait around for the results.

People who are healthy, lead a healthy lifestyle and do not do anything risky as a pastime or at work may find that it is easier for them to get affordable coverage through a more mainstream provider, but a simplified coverage is a good option if they are looking for something that they can get quickly, and in many cases the coverage is good for people who want lots of benefits, and who are willing to pay a premium for them.

Simplified Insurance

Health insurance is quite a minefield, and there are people who are unable to take out standard policies, and who would look for simplified policies that don’t need detailed medical exams. There are also policies that offer ‘guaranteed acceptance’ for challenging applicants – ones that have serious medical conditions or who have been told that they cannot get mainstream life insurance.

There are policies out there with coverage of up to one million Canadian dollars, and these policies will start from the day that you get approved. They offer fast coverage while still bypassing traditional underwriting, and they are a good option for people who are generally in good health.

Simplified vs. Guaranteed – What’s the Difference?

The terminology that is used by insurance providers can be hard to understand. Simplified Issue Life Insurance is life insurance that does not require you to take a medical exam, but will ask you some questions about your health. The more questions you are asked, the lower the premium you are likely to have to pay. This is a good option if you can truthfully answer that you are in good health, and simply don’t want to have to worry about blood tests, etc. because you’re scared of needles. However, these policies are usually not open to people who have been refused life insurance in the last two years.
Guaranteed Issue Life Insurance

With this kind of life insurance, you do not have to take a medical exam or even answer any questions. There is a coverage limit of $25,000 with a lot of providers, and there will be some payout restrictions as well. This insurance is open to anyone, even those who have been refused a policy in the last two years. The insurance company may place some limits on payouts for the first two years of the plan as well.

There are other elite plans that have very high payouts, but that are limited to people who are in good health and that live healthy lifestyle, with low-risk factors.

Reducing Your Premiums

Often, the premiums are based on things like weight and lifestyle factors. It’s a good idea to read the build tables if you are overweight or obese so that you can get an idea of the different premiums between different providers. Since the build tables vary from provider to provider, shopping around could be the difference between getting the ‘Standard’ category or the ‘Standard Plus’ pricing, or, if you’re close to your ideal weight, you could be somewhere between ‘Preferred’ and ‘Preferred Best.’

Be sure to look for insurance through a broker so that you can do the ‘preliminary inquiry’ stage, to avoid potential declines. This is important because if you do get declined, it will make it harder to get approved elsewhere – that buffer will help you to avoid that risk. One excellent broker is Blue Country Health Insurance located in New Brunswick but serves all of Canada. You can find them at there homepage or on their facebook page located here.  Blue Country Insurance 

Tips For Hiring A Family Health Insurance | DESC

A family medical insurance mutual insurance, that is, insurance companies make offers and discounts depending on the number of people who want to be included in the policy.

However, a family medical insurance is much more than that. Not only do we obtain a reasonable price, but the coverage must be adapted to the different needs of the family members. It is clear that they will not have the same needs or young children, young people, adults and people over 60 years.

Conception And Birth Services

This includes preparation for childbirth, the study of sterility, impotence or infertility, coverage for the newborn, conservation of young stem cells.

Health Coverage

The most prudent thing, in this case, is to hire medical insurance instead of reimbursement of expenses, although everything depends on each family situation.

Family Planning Services

Here you should include tubal ligations and vasectomies, implantation of the IUD, control of treatment with anovulatory…

Control And Treatment Against Menopause

Services Of Psychology

In this section, it is fundamental to analyze the coverage and the limits.

Dental Roofs

They must include free and subsidized services, which cover a percentage of the price of the service or fixed fees with discounts.

If there were people over 60 in the family, the possibility of incorporating health services adapted to their age and needs would have to be reviewed.

Calculation Of The Family Health Insurance Fee | DESC

To calculate the insurance premium, insurance companies consider some factors, which are the same as for those who want to contract individual health insurance. Then, they apply the discounts that they find pertinent depending on the number of insured or the single status.

For example, babies and children are more expensive to insure them. It is also costly to protect women who are of childbearing age. Likewise, after the age of 60, the quota also rises considerably.

Other aspects that companies consider when setting insurance prices are the lifestyle (alcoholism, smoking, among other factors), place of residence, and weight (it is shown that obesity and overweight influence the development of diabetes and cardiovascular diseases).

Buy Medical Insurance To Travel To The United States

Buying medical insurance to move to the United States as a tourist is not mandatory, but it is highly recommended. In fact, if something goes wrong, it is nonsense to lack insurance.

To be taken into account when contracting international medical insurance.

The maximum amount that the policy covers. Remember that in the US, medical care is costly.

Verify if a deductible must be paid. That is if you have to put a minimum of money out of pocket before the insurance begins to pay for medical expenses.

Make sure you have to pay a copayment. In other words, if there is a medical emergency, if you have to pay a deductible amount first and then the rest is spent between the insurer and the sick person in a percentage contracted in advance.

 Find out if there are diseases excluded in the insurance policy or specific activities, such as risk sports.

Be clear if the insurance covers only one person or the whole family and if it is for just one trip or for all those that are made within one year.

And also be clear before using insurance to which doctors and hospitals you can go. It is possible that you cannot choose anyone, except in cases of severe emergency.