M.C.D. Financial Services
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Impaired Health
Life Insurance
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We have Impaired Health Plans To Meet All Your Needs!
NO EXAM PLANS
Life Insurance
Multiple OptionsGraded Benefit
Whole Life Insurance
100% OnlineGraded Benefit
Term or Whole Life Insurance Paper applicationHealth Questions
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Easy ProcessLife insurance for people with health issues does not have to be so complicated. We have given you above, three of the most popular no exam life insurance choices and the full exam plan for people who want to try to get maximum life insurance coverage.
Accident Only life Insurance
Although we understand that this type of plan (Accident Life) does not pay for all possible situations, it sometimes is the best alternative to higher premium standard life insurance or no life insurance at all. After all, since no health questions are asked, you cannot be turned down if you your health history is just not the best. The accident life insurance plan, can sometimes be the only choice available.
Graded Whole or Graded Term Life Insurance
The next best option to accident only life insurance is our graded plan. Graded life insurance is a plan often used for people with very bad health history. Graded life insurance is easy to apply for and, as with the accident life insurance, requires no exam. The major draw back to graded life insurance is its rate. Since the insurance company takes a very high risk, the cost per $1,000 in life insurance can be very high. It is called graded life insurance because for the first two to three years the insurance portion of the plan is not full. For example, should you be approved for a $100,000 policy, and should the insured pass away in the first to third year, only a partial death benefit would be paid - commonly 10% the first year, 40% the second and 100% the third. Please request a brochure and full details for proper coverage amounts.
Full Coverage, Lower Rate Target Full Underwriting Impaired Risk Life Insurance
As it is called, full coverage, full underwriting plans can be the best of both worlds. Full coverage, instead of just accident life insurance coverage and potential much lower rates than with a graded life insurance plan. We have used our many years of experience to bring you, what we feel, is the best in underwriting approvals for people with health issue history (We often use this same method of approval for people who also fall into the category of high risk occupations such as pilots, officers, linemen.. click here for more on these.)
Full underwriting does not mean major difficulties in getting approved. On the contrary, it can me an easier process with much more more pleasant results. One major difference with full underwriting life insurance for people with health issues is the need to do an exam. The exam for life insurance is not complicated and just requires than a nurse come to home or business and do an, often simple, exam along with asking you some questions. One other difference between full underwriting life insurance and no exam life insurance is also its approval time. As you may know, full underwriting life insurance can take form two weeks to 5 weeks+ where no exam life insurance can take as little as one day. In a case were your medical history is not the best, we highly recommend that you take the route of a full underwriting life insurance plan which would include an exam. We can try the no exam plan but it is extremely unlikely that you will get approved and may just end up with another mark on your MIB records.
We hope that the brief explanation above, have given you a better idea of your choices. We are here to help you choose and to answer as many questions as you may have on life insurance for people with bad health history. Please ask!
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