Benefits of No Medical Health Insurance for Canadians

Every Canadian should have some form of health insurance. The costs associated with an illness or injury can be devastating if a person does not have any health insurance, and provincial plans do not provide all of the coverage each individual may need. Many Canadians who have developed an illness, or have a pre-existing health condition, think they will be unable to get health insurance. Fortunately, this is not true.

When it comes to health insurance for sick people, there are health insurance options available to Canadians. No Medical Health Insurance is one option that more and more Canadians with an illness are choosing to ensure financial security.
Canadians with a certain medical condition can benefit from a no medical insurance policy. With this insurance, there are no medical exams and blood samples required.

No medical plans are available with competitive premiums in critical illness, term life, and whole life. Applicants just answer some health questions. As well, with a no medical, you could have insurance coverage in days rather than weeks or months.

No Medical Critical Illness Insurance is a type of insurance plan that provides a benefit while you are still living if you are diagnosed with any of the specified illnesses outlined in your policy, or you have undergone a covered procedure. Examples of covered critical illnesses include heart attack, stroke, paralysis, kidney failure, etc. No medical critical illness insurance was created to provide insurance for people who would have a difficult time getting accepted for a regular critical illness policy.

How No-Medical Health Insurance Helps People Who Are Sick in Canada?

A no medical critical illness insurance plan is renewable to age 75. It can be obtained by people who are 20 and up, depending on the maximum age set by the particular insurance company.. The number of illnesses covered can vary among plans and insurance companies. For instance, there are some plans that provide coverage for at least 25 illnesses and some cover for 6 illnesses. Coverage is paid out in a lump sum and the benefits are tax free.

No Medical Whole Life Insurance is an insurance plan that provides coverage for your entire life. This type of plan is also called permanent life insurance. It is normally available to people from the ages of 25 to 75 or 80 years. No Medical Term Life Insurance is one of the less expensive of the no medical insurance plans. Coverage is available for those age 20 to 70 or 75. In addition, you will find plans that cover pre-existing conditions.

With a traditional health insurance policy, a medical exam, blood tests, and urine tests are required. Insurance companies will look at the medical reports and assess your risk of making a claim. The higher risk you are, the more you will pay for premiums. As well, you can be declined a health insurance policy.

As we get older, we have to think about our health and well being. Health insurance is a solution to ensuring financial protection in the event of illness. However, no everyone meets the criteria for a traditional health insurance policy. No medical health insurance is an alternative for those who are hard to insure or have a health condition. When you are sick, the money from the policy can come in handy as you can use the funds in whatever way you like, whether it is paying the mortgage, loans, your bills, additional medical care, support services, daily living expenses, etc.