Learn about No Exam Life Insurance
There is a No Exam Life Insurance plan
You’ve probably wondered why every insurance company asks you for a physical exam as part of the underwriting process when you get a term life policy. The company’s reason is not rocket science. If the insurance company can verify your health status with a medical exam, then they can price your policy in line with realistic expectancy.
Just think, if you didn’t need to disclose if you are healthy or not, you would have a ton of people trying to get life insurance coverage as soon as they found out they were sick! Consequently, all the life insurance companies out there would be out of business!!!
With that in mind most companies require exams, however more insurance carriers are now offering no exam life insurance coverage. The term life rates be a little bit greater than a fully underwritten policy, but you don’t have the irritation of scheduling a test, and the policy usually gets issued much faster at the same time!
Great things about a No Exam Life Insurance Policy
By applying for no exam life insurance, typically all you’ve got to do is answer some health questions. Gone is the requirement to setup an appointment with a medical examiner or nurse, you don’t have to provide a blood or urine sample, and you can even avoid things along the lines of having your blood pressure level taken.
As with almost any life insurance coverage, all benefits are 100% tax-free and you’ve got a thirty-day period free look period in which you can change your mind.
One thing to keep in mind though, is that you absolutely must be very truthful in answering every one of the medical questions associated with the term life insurance application. If you don’t admit things like smoking, misstate your weight and height, or are misleading about any other medical issues, you run the risk of having your life insurance benefit challenged in the case of an incident.
If you would like to apply for a no exam life insurance plan, please click the link below to get started!
