There are several reasons for an individual to buy life insurance, such as:
a) Paying off a mortgage or line of credit
b) Final expenses
c) Replacement of income
d) Education expense for children
What is Term Insurance?
A term insurance policy will cover the insured for a specific period of time, or ‘term’. The premiums are fixed for the duration of the term. Term 10 and Term 20 are the most common type of term policies. Most term policies can renew or convert into a permanent plan without medical proof.
Is a Medical Exam Required to get a Life Insurance Policy?
Yes, there are insurance providers that offer coverage without a medical examination. Non-medical life insurance policies are called ‘Guaranteed Issue Coverage’ and ‘Simplified Issue Coverage’.
Can I qualify for Life Insurance if I have an Illness?
Depending on the type of illness, it is still possible to qualify for life insurance for traditional insurance plans.
Can I qualify for Life Insurance if I smoke?
Yes, however smoking rates are slightly higher than non-smoker rates.
Can I get Personal Health or Dental Care?
Yes, Personal Health and Dental Care coverage are both available through several carriers. Contact LBM Consulting to book an appointment with an agent that can direct you to a coverage that suits your lifestyle.
Is a Medical Exam Required to get a Health or Dental Insurance Policy?
A medical questionnaire is answered when applying for coverge. Depending on individual lifestyle and previous health staty, addition information such as a doctor's
SARNIA LOCATION 429 Exmouth Street #200 Sarnia, ON N7T 5P1, Canada (519) 337-0807