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.
type of coverage .
Life insurance companies are making this type of option available on the market . coverage) the insurer is essentially taking more of the risk.
Life Insurance No Medical Exam benefits :
- You don’t need to setup an appointment for a Life Insurance Physical Exam
- Regular Term Coverage options are still available for this
- Quickly get insured
- Depending on the insurer you may able to print the policy from your computer (term life insurance online)
- You may be insurable with no medical life insurance as opposed to an application that requires a physical
- Add more death benefit to your other life policy
- Your may already have a term policy at work. You can supplement that policy
Overall it offers convenience . Being able to skip the physical exam you won’t even have to make an appointment with a specialist which can slow the insurance process down . Make your life insurance premium payment online and be insured the same day with the no exam option
Life Insurance No Medical Exam drawbacks :
- More Risk for the insurer equals increases in premiums / cost for this type of coverage
- Death benefit is limited up to $250,000 worth of coverage
- The higher premiums don’t outweight the slight inconvenience of a physical exam
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 .
After submitting your application for a policy the life assurance company requests a medical exam within 30 days time or less. About 10-15 minutes is all that you need for the examination . You set the appointment yourself .
The medical representative will arrive and :
- Look through your application and double check answers with you
- Go over some additional health related 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
There are no out of pocket expenses for the exam. It is all included with the application to determine your insurability . You will not be charged if the insurer finds that you are not insurable. The physical provide them with a clearer picture of your health and if you are insurable or not.
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 .
You compare the best term life insurance rate of several reputable companies and choose the best policy that fits you and your family’s needs . Discount Life insurance is easy to find if you apply this method . Once you purchase the term policy your premiums are locked in for the life of the policy . In regards to term coverage it normally is anywhere from 10 year to 30 years .
Think about why you plan to Buy Life Insurance
It is an important financial product needed in protecting those that are dependent upon your income (your children) . Skipping the physical examination you put your family at risk by being underinsured. Although having some form of life insurance is great being underinsured is risky as well .
To find the best life insurance policy compare life insurance rates on line, choose the best policy for you and do the quick medical exam . You will have your term life policy in no time .
