Foremost Toronto based insurance brokerage LSM Insurance launched brand new web, completely devoted to no medical life insurance
Online PR News – 25-March-2011 – Toronto – TORONTO, ONTARIO. Approximately 4% of life insurance applications in Canada are declined each year due to medical or lifestyle issues. This represents over 30,000 applications and over $8 billion a year in face amounts. Along with scientific progress in medicine, insurance companies are tailoring new products for people who were considered uninsurable just few years ago.
While traditional life insurance policies are accompanied by complex medical tests and medical history examinations, no medical insurance policies offer two coverage options. They offer either a guaranteed issue life insurance policy with no health questions and no medical tests at all, or a simplified issue life insurance policy that carries a limited number of three to twelve health questions.
However, the rising popularity of life insurance products with limited or no medical exams often leads to an information barrier. The majority of agents and brokers is not devoting enough time to exploring the new products — and those who do seldom release the information online. But this is about to change.
After several weeks of preparations and testing, LSM Insurance launched a new Website, dedicated solely to no medical life insurance. At nomedicallifeinsurance.ca Lorne Marr of LSM Insurance and his team will analyze and review new policies and options for people suffering various medical conditions like obesity, cancer, stroke, and more. You can also discuss your health-related insurance issues with experienced insurance professionals completely for free.
LSM Insurance deals life insurance in Canada, cooperating with major 30 insurance companies.