This type of insurance is for people who are hard to insure due to health issues. This is a type of whole life insurance policy that does not require you to undergo a medical exam, or allow an insurance company to review your medical and prescription records.
No Medical Life Insurance always has a waiting period. If you die during the waiting period, your beneficiaries will not receive the policy’s death benefit. With most policies the waiting period is two years. If you die during the waiting period, the insurance company will pay back (to your beneficiaries) all your insurance premiums.
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