Life insurance without medicalexam has not one, but many advantages to its credit, but most of the individuals do not get acknowledged by this. Many insurance companies advertise that they provide life insurance no medical exam, especially online. These no medical exam policies are available with a wide range of affordable plans, no waiting period for coverage, consistent premiums that don’t increase over the life of the plan, and return of premium options for term policies.
Most of the time, life insurance without medical exams provided come under term life insurance policies that are less expensive with a premium.
Young and healthy people can easily qualify for life insurance no medical exam. But while submitting the information or answering the questionnaire about your health always tries to remain truthful and honest to avoid denying your coverage. Also, people who had lost hope to invest in a life plan due to their ill health and ailments, are surely qualify for the life insurance no medical exam plans.
Usually these types of policies are more expensive. That’s because the insurance company is relying on you to provide information about your health and any medical conditions or history, and that entails risk on their part.
No medical exam life insurance coverage is a good option because it is quicker. Life insurance that involves medical exams takes longer to process. Without this extra step, companies can speed through your application.
Really, the best thing you may do is comparing quotes that the major insurers offer you. If you think you can qualify for a cheaper rate class, and decide that the premium difference is worth the effort, it is worth it to go through the full application process. However, if the rates will be almost the same, it can be a big relief to skip the physical.
