Are you aware that Life Insurance No Medical Exam is available? This type of term life coverage option is now available for customers to choose.
Keep in mind that there are good benefits but also drawbacks to choosing this option .
You can ask for this option from the top life insurance companies now. By not having a physical exam that normally accompanies a new life policy (term life coverage or whole life .
Key Benefits for Life Insurance No Medical Exam:
- You don’t need to setup an appointment for a Life Insurance Physical Exam
- Many life insurance options available with this type of coverage
- Life Insurence Policy in almost no time
- Depending on the insurer you may able to print the policy from your computer (term life insurance online)
- By skipping the medical exam you may now increase your chance of being insured
- Add more death benefit to your other life policy
- Your may already have a term policy at work. You can supplement that policy
The main feature here is convenience . You avoid all the hassle of setting up an appointment to get the medical exam. You would have to wait a few weeks for results to find out if you are insurable or not. If you are going to purchase life insurance online you can have a policy within the hour
Drawbacks of Life Insurance No Medical Exam :
- Your life premiums will increase with the increased risk of no having the physical exam
- Death benefit is limited up to $250,000 worth of coverage
- By skipping the physical exam you instantly increase you premiums
Our advice:
Going through an exam is just a small inconvenience and it is only done one time. Life premiums drop dramatically with a physical than without one . You can get the right amount of death benefit / term coverage with the physical exam .
With each application the life assurance company requests the medical examination within the month . The exam takes less than 10 minutes and this can be done at your residence or at the clinic . You set the appointment yourself .
The person performing the physical will :
- Double check your answers on your application
- Ask a few more health questions
- Take your blood pressure
- Take your pulse
- Will require a urine sample from you
- Take a small blood sample
- All this is done within 10-15 minutes time
The physical is covered by the life insurance company . It is all included with the application to determine your insurability . If the insurer finds through the tests that you are not a preferred candidate then they will not be able to insure you and you will not be charged for anything . The exam is to protect you and the company .
With this small inconvenience you now can save more on coverage and have more options to choose from.
If you don’t have a problem with taking a medical exam (which most people shouldn’t have) then you can now take your savings even further find insurance quotes and compare them .
Looks at several Life Ins Quotes from the top insurers and choose the Best Life Insurance that fits you and your family . Really cheap term life insurance quotes are available and . You will not need to worry about your monthly or annual premiums increasing with a term life policy because they are locked in for the life of the policy. Term Life policies can range anywhere from 1 year up to 30 years or more.
Always keep in mind the reasons to buy term coverage
It is an important financial product needed in protecting those that are dependent upon your income (your children) . If you elect to not have the exam then you may find yourself underinsured and your family will only be partially protected . Although having some form of life insurance is great being underinsured is risky as well .
Comparison shop the term life insurance rate of top insurers and make sure to do the quick medical exam. Get it all done quickly and you will be insured before you know it.