Sentences with phrase «traditional health insurance policies»

There are two broad categories of healthy insurance — Benefits Policies and Indemnity policies: a.) Benefits Policies It is mostly traditional health insurance policies where you can claim pre-determine «sum insured» amount in the event of accident or treatment of any illness, diseases, etc..

There are certain coverages that every traditional health insurance policy must include.

Not exact matches

While guaranteed issue life insurance is ideal for people whose health disqualifies them from coverage under a more traditional policy, don't assume this is the case in your situation.

Guaranteed issue whole life insurance meets the needs of people with health conditions that would preclude the issuance of a more traditional term or whole life policy.

Another insurance - related tax perk that people without access to traditional group health coverage should be aware of is the health savings account, which combines a tax - advantaged savings element with a high - deductible health insurance policy.

You can always get a guaranteed issue health insurance policy (which is more expensive than traditional health insurance plans).

If you are healthy and expect to live for many years to come, then a traditional life insurance policy could be your best bet, but if you are in bad health, then a burial insurance plan that you can not be denied will be a better option.

Final expense insurance: These policies are for seniors with health issues who can't qualify for traditional term life insurance, but need a policy to help cover end - of - life costs and outstanding debts, Premiums are generally high and coverage amounts are limited.

For that reason, we typically recommend this type of policy only to people who can't qualify for traditional life insurance, due to poor health or questionable lifestyle habits.

Guaranteed issue life insurance is another option if you have health issues that prevent you from buying a traditional term policy.

Real estate — 3 cr term insurance — 2 cr health insurance — 10 lakhs family floater 5 lakhs by company 10 lakhs (cancer care policy due to my family history) various traditional policies from lic — 10 lakhs (premium ending by next year and benefits after 3 yrs) equities — 4lakhs mutual fund (through a financial advisor)-- 25 lakhs ppf — 5 lakhs fixed deposit — 2 lakhs sip in force for 20000 / - per month

If you feel your health will cause you to not pass the traditional medically underwritten life insurance policy, there are other options out there such as a guaranteed acceptance life insurance plan.

You want the insurance really fast, you can't stand doctor examinations or you have a health condition that keeps you from applying for a more traditional policy.

One of the biggest advantages to applying for no medical exam life insurance is the fact that these policies may allow someone who has an adverse health issue to obtain the coverage that they need — even if they have been turned down for traditional life insurance coverage in the past.

It is important to note that because the applicants for guaranteed issue life insurance are typically those who have health issues, the premiums for these policies are much higher than those of traditional life insurance plans.

On the flip side, traditional life insurance policies have must more strict health underwriting.

For these clients who can't qualify for a traditional term life insurance policy, a Gerber guaranteed life insurance policy that won't require a medical exam or ask any health questions is a fantastic option to pursue.

Because of that, many people who do not qualify for traditional life insurance due to age or health related issues may still qualify for a no medical exam insurance policy.

For that reason, we typically recommend this type of policy only to people who can't qualify for traditional life insurance, due to poor health or questionable lifestyle habits.

For folks currently suffering from Zolleinger - Ellison Syndrome, since traditional term and whole life insurance coverage is generally not an option, we generally recommend that our clients consider buying a final expense whole life policy where there is no health questions or medical exam required.

With most traditional life insurance policies, an applicant will need to qualify based on age and other health factors.

If however you feel that your health will keep you from qualifying for a traditional medically underwritten policy, there are other options out there, such as a no medical exam life insurance policy or a guaranteed issue policy.

These policies are designed specifically for older individuals whose health complications may prevent them from getting approved for traditional life insurance policies.

Traditional health insurance doesn't always offer full coverage outside the U.S., so this type of policy provides piece of mind to international travelers.

If your health situation is one that does not allow you to get a traditional life insurance policy, because you may have recently had cancer or a heart attack or some kind of major health issue that does not allow you to get a traditional policy, then you may want to look into something called a graded death benefit policy.

Dollar for dollar, guaranteed issue life insurance policies are generally going to be more expensive than other more traditional types of life insurance that would require you to take a medical exam or answer health - related questions.

These are especially helpful to those who have health issues or are morbidly obese needing life insurance coverage and can not pass the traditional medically underwritten life insurance policy medical exam.

The health issues accepted by final expense plans would absolutely get you declined with traditional life insurance policies.

For that reason, we only like to recommend this type of policy to people who can't qualify for traditional life insurance, due to poor health or questionable lifestyle habits.

Buying a traditional term life or whole life policy usually requires a life insurance medical exam, which means a health care professional reviews your answers to medical questions, takes a blood and urine sample, listens to your chest, and wraps a blood pressure cuff on your arm.

Though if your health is at a point where you will not pass a traditional medically underwritten life insurance policy, there are other options out there for you such as a no medical exam policy or a guaranteed issue policy.

It is also worth pointing out that if your general state of health is good enough to allow you to qualify for a no medical exam type of policy, you may actually get a better policy with better premiums by applying for a life insurance policy that is underwritten in the traditional manner.

Often, even if you've had trouble obtaining traditional life insurance due to health reasons, you will qualify for a mortgage term policy although the benefit may not be payable if death occurs within the first two years.

Graded benefit disability insurance is valuable to those with existing health conditions that would prevent them from otherwise purchasing a traditional long - term disability insurance policy.

And, traditional supplemental policies, such as cancer and critical illness insurance, that can fill the benefit gaps in health coverage and financially protect people when a worst case medical scenario happens.

For seniors or people who can't qualify for a more traditional life insurance policy, but who are only at moderate health risk.

For this reason, it can be a good fit for older people or someone with health concerns that may prevent them from securing a more traditional life insurance policy.

For this reason, burial insurance may be a good fit if you're older or have health concerns that may prevent you from securing a more traditional life insurance policy.

Final expense insurance: These policies are for seniors with health issues who can't qualify for traditional term life insurance, but need a policy to help cover end - of - life costs and outstanding debts, Premiums are generally high and coverage amounts are limited.

Aside from that, you can consider a short - term health plan, off - exchange plan (some private insurers sell policies outside of open enrollment), limited benefits plans or another alternative to traditional insurance.

Unlike traditional life insurance policies, which require an investigation into your health — including a paramedical exam — guaranteed policies don't require such in - depth research and applicants will often be insured after answering only a few questions.

These types of policies can be helpful for those who may have certain adverse health conditions and may not otherwise qualify for a traditional, medically underwritten life insurance policy.

In order to qualify for the AAA Traditional Term Life Insurance policy, it is required that an applicant for coverage answer several medical / health related questions.

If the applicants health is not good enough to obtain a traditional medically underwritten policy, we can look into other options such as a no medical exam life insurance policy or high risk life insurance policies, which will come with a higher premium rate.

While traditional long - term care health insurance policies were satisfactory for some, many others wanted more guarantees in the event their long - term care policy was never used.

If you feel your health will not allow you to qualify for a traditional life insurance policy, there is the option to look into a no physical exam required life insurance policy or life insurance for high risk people, which will come with a higher premium.

This policy is usually good if you have a health issue preventing you from getting traditional insurance.

Though do not worry if your health is at the point where you can not qualify for a traditional medically underwritten policy, there are other options that we can look into such as a no medical exam life insurance policy.

Unlike a traditional term life insurance policy — which includes medical underwriting (health questions and a medical exam)-- guaranteed - issue policies don't take your health history into consideration.

The health of most senior citizens all but locks them out of most traditional life insurance policies.