Many people put off getting life insurance because they don’t have the time or the inclination to get a medical exam. There are now companies that offer no exam life insurance to healthy individuals.
If you don’t have any serious medical conditions such as HIV, cancer, or diabetes than you will probably qualify for no medical exam life insurance. In fact, most people without health problems do.
When you decide to purchase no exam life insurance you’ll probably first want to receive several quotes from insurance companies. This allows you to have a wide range of options. The quotes for no exam life insurance will include the amount of the insurance along with the monthly premiums you would be expected to pay.
A traditional life insurance policy application can take a good month or more to wind its way through the application process. This often involves an extensive application questionnaire, a life insurance medical exam, and work by the life insurance company to get your medical records and verify other information about you.Source:
Many insurance companies do offer no exam life insurance but you’ll find that the benefit amount is less than if you decided to get life insurance that did include a medical exam. However if you’re not looking for a large policy than no exam life insurance is really a good choice.
You can get quotes by contacting an insurance broker. He or she will take down your information including the amount of insurance you are looking for. They will then contact insurance agents from different companies to receive quotes for the no exam life insurance. Once they’ve done this they will supply you with the information. From this you can choose the company that best suits your needs.
If you already deal with an insurance company you can contact them and have them refer you to an agent who handles their no exam life insurance policies. Again, they will collect your information and then give you a quote.
When you do decide on a policy there will be some documents for you to sign. One of these will be a medical form in which you’ll be asked specific questions regarding your medical history. It’s vitally important that you are as forthright as possible when filling out this questionnaire. If you do pass away from a pre-existing medical condition that you didn’t divulge on your medical form, than your insurance policy might be void and your benefactor won’t receive anything.
Life insurance is an important investment and if you are in good health than strongly consider applying for no exam life insurance. It’s a fast, convenient and hassle free way to get the coverage your family will need in the event of your death.