Life insurance provides protection for your family in case of sudden death. In most cases the breadwinner of the family are usually the policyholder. The life insurance covers for the loss of income so that the family of the deceased will have enough money to start over with their lives. Now, almost all insurance companies require a medical examination to be approved or when evaluating the rate of the premium. Based on the medical examination, the insurance company will draft the contract, indicating the exemptions of the coverage as well as the rate. If the result of your medical examination is not good then you can expect to pay for higher premium because insurance companies will tag you as high risk individual. Other company may not give you higher rate but will include so many exceptions.
Now, you may have already heard about no medical life insurance. Read more…
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