On November 9, 2011, HSBC, the parent company of Household Life Insurance Company and First Central National Life Insurance Company of New York, announced their intentions to stop accepting new applications for term life insurance effective January 8. 2012. Their decision dramatically affects the landscape of the no medical exam life insurance marketplace as HSBC had an outstanding product portfolio along with extremely competitive rates.
HSBC has stated that their decision to exit the life insurance no medical arena was a necessary step in aligning their insurance businesses with HSBC’s overall global strategy. They have also communicated that they are highly sensitive to their existing policyholders and will be committed to providing continued exceptional customer service.
The good news is that anyone seeking to buy an affordable term life policy without having to complete and insurance exam can still secure a policy up to January 8, 2012.
If you are in need of life insurance and do not want to complete a medical exam you can visit our life insurance no medical website and get a custom term life quote and even apply for a policy right online. Acceptance usually takes less than 24 hours and you can lock in low rate for10, 15 or 20 years depending upon your age. You can also call MEG Financial at (877) 583-3955 and we can provide a custom quote over the phone and persoanlly walk you through the application and approval process. But don’t wait! After January 7th, 2012, it will be too late!