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Life Insurance No Medical

August 17th, 2009 by admin in Life Insurance

No Exam or Agent Needed

So many people avoid the process of getting life insurance because they don’t want anything to do with a health exam or talking to an insurance agent about their future death.  That’s understandable.  It’s bad enough going to the doctor for a physical exam, but having a stranger show up at your home or office to poke, prod, weigh, and pry into your medical status?  No thanks.

If you’re one of those people who has avoided planning for the future because of these exams, there is good news for you: many reputable insurance companies now offer life insurance with no medical exam!  That’s right.  And you don’t even have to talk to an agent if you don’t want to.  Just pick up the phone or get online and find an insurance broker (someone or a company who offer policies from several different insurance companies) who offers No Medical Exam Life Insurance.

To get this life insurance, you’ll have to fill out some paperwork and answer some questions about your medical history.  You have to be completely honest on these documents.  If you don’t qualify for life insurance with an exam because of a pre-existing condition such as AIDS, diabetes, cancer, heart disease, etc, you won’t qualify for life insurance without an exam.  Plus, if you lie, and then die of the condition you were lying about, the insurance company probably won’t pay out on the policy.  You don’t want to pay into a policy your benefactor won’t be able to benefit from.  Nor do you want to make a plan for your survivors based on money that won’t be available because you lied.  Lying on the medical forms will completely cancel the reason you’re trying to get the policy!

If you’re healthy, you can typically be qualified for and purchase term life insurance with no medical exam in a matter of minutes.  Online or in person, you’ll fill out the paperwork, pay the first premium and be done!  It’s a simple, hassle free way of getting life insurance.

Life insurance comparison:

With medical exam:

  1. Contact insurance agent/company online or in person
  2. Fill out paper work
  3. Schedule medical exam
  4. Wait for lab work to be done
  5. Wait for underwriting to be done
  6. Sign documents and/or pay first premium

With no medical exam:

  1. Contact insurance agent/company online or in person
  2. Fill out paper work
  3. Pay first premium

Please note, benefit amounts for life insurance with no medical exam are lower than traditional life insurance benefits.

More posts on this subject:

Finding a Whole Life Insurance Policy with No Physical Exam Needed

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Whole Life Vs Term Life Insurance

... There are term life policies that allow for a conversion to permanent whole life insurance at any time the purchaser chooses. Whole Life Insurance Whole life insurance has more options and higher premiums but is considered to be permanent life insurance. The beare... Read More

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Term Life Insurance Quotation

... The cost of the policy will vary depending on the face value of the policy, the length of the term, the age and sex of the applicant, and any mitigating medical circumstances such as pre-existing conditions and whether or not the applicant is a tobacco user. Some high-risk occupations also cha... Read More

Whole Term Life Insurance

... Or, it could be worse - a plan that the individual cannot get out of. Term life or whole life insurance Term life insurance is a type that only insures the life of an individual and pays out one lump some to the beneficiary upon the death of the insured. With a term life insurance... Read More

Related posts:

  1. Getting Term Life Insurance with No Medical Exam
  2. Mortgage Term Life Insurance
  3. Return of Premium Life Insurance
  4. Finding a Whole Life Insurance Policy with No Physical Exam Needed
  5. Whole Life Insurance Cash Value

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