Usually an exam is required, but depending on your age and the value of the policy, an exam may not be required.
There are many Insurance Companies that will offer life insurance policies without a medical exam. However, the rates will most likely be higher than you would pay for a life insurance policy from an insurer requiring a physical exam.
If you put medical insurance on the policy when the policy was purchased.
No, an SR-22 is just a form that the insurance company sends to the state to notify them of the status of your insurance policy. It is an endorsement on your insurance policy. Hope this helps.
It is possible for a life insurance policy to be cashed but there will always be a loss for doing so if one is cashing in for the full amount. For some policies it is possible to withdraw accumulated interest from the policy with limited amounts allowed.
If your motorcycle was a scheduled vehicle on your Insurance Policy then you should be covered. If you were on someone Else's Motorcycle then their insurance policy should cover your medical. If neither coverage is available then you could look to your major medical policy or HMO for medical coverage.
Generally, employer-supplied insurance will provide major medical. Check your policy or ask your HR representative about your specific policy.
An insurance policy gives you peace of mind. If you get sick, the insurance policy will help make sure you are able to pay your medical bills.
What are the benefits of universal life insurance, and what are the possible drawbacks of this type of policy
The individual policy is always primary.
When you get married, and either spouse has children, those children can be added to the policy. If you have a family plan, step children can also be added to a medical insurance policy.
The at fault drivers auto insurance policy would pay for medical bills up to the policy limits for which that insured driver is liable. If there is no insurance then there is no coverage. If no one has Auto Insurance to cover you, hopefully you have a major Medical Insurance Policy in place. Major medical will cover your medical expenses even from a car accident.
A medical claim is the application for compensation against a health insurance policy or against another's liability insurance policy for the covered portion of a covered event.