There are a lot of good reasons why no medical life insurance might be a good fit for you:
1.) you hate needles
2.) speaking to an insurance broker is awful
3.) you’re busy
4.) your agoraphobic (afraid of leaving the house)
We at dropdead can relate to the last one. There is so much stupidity as society vacillates from one idiotic crisis to the next. That’s why we build the simplest, fastest, cheapest term life insurance platform in Canada where you can do no medical term life insurance up to $450,000 of coverage.
What is the definition of no medical term life insurance?
No medical term life insurance is just that. It’s term life insurance issued to you without the need for medical underwriting. The medical exam typically includes a blood test, a urine test, and a check of your vitals (blood pressure, and height and weight) in addition to a medical questionnaire. On the other hand, no medical exam policies exclude the body fluid sample collection and rely solely on the questionnaire.
How do I know if I should get no medical life insurance?
Whether for one of the reasons stated above, or another concern you have when it comes to medical underwriting, you have many factors to consider when deciding on whether you want to go forward with no medical life insurance.
There is no need to speak to a broker. Use our calculator to work out how much you need – https://dropdeadlifeinsurance.ca/calculate-insurance-need/
There is a lot of noise and rubbish out there. Let’s use the KISS method – Keep it Simple Stupid. So, $450,000 is what the average Canadian buys to cover their needs for 20 years. That’s a good starting point. Just like Goldielocks said, not too hot and not too cold…… aaaah just right.
Some say no medical insurance is more expensive than medical insurance. They are wrong, and just like speaking to a broker, most of the advice out there is not worth the paper it’s written on.