Is No Medical Exam Life Insurance Right For You?
No medical exam life insurance can be a good choice for anyone looking for a policy that will give them a little bit of peace of mind. Whether you're young and healthy or elderly and need to pay for funeral expenses, a no-exam life insurance plan can provide the coverage you need at a price you can afford. However, you should do your research and make sure it's the right plan for you. Learn more information
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When shopping for life insurance, it's important to understand the various options available. The amount of coverage you'll need and your budget will be a part of the decision, but you also have to consider your health history. If you have a pre-existing condition or other factors, you may be better off with a more traditional life insurance policy. Find out for further details on this homepage
Another option is guaranteed issue life insurance. This type of policy requires no medical exam, but it comes with a premium that's often twice as high as the traditional ones. While it might seem like a waste of time, it's a good idea to investigate this option. You'll need to answer a few questions and provide some health information, but the coverage should be in place in just a few days.
Even with these options, the process of finding the best no-exam life insurance might not be as straightforward as it seems. It might be necessary to fill out a health survey or medical questionnaire, complete a motor vehicle record, and review your health results from a previous life insurance application.
Depending on the insurer, you may be required to submit blood or urine samples, as well as other items. Despite these extra steps, some providers are willing to offer a no-exam life insurance policy to applicants. However, some companies are unwilling to cover individuals with terminal illnesses or other common health conditions.
One no-exam life insurance product is offered by Fidelity Life. It provides affordable, high-quality term life insurance with no medical examination. Applicants will need to meet certain requirements to qualify, including having at least a year of work experience.
Another option is to use Brighthouse Financial, which offers accelerated underwriting for applicants with minimal health problems. In fact, they even give you a decision about your application over the phone. Their products are ideal for younger applicants, particularly those with minor health issues, but it's important to do your research before buying.
Getting no medical exam life insurance might be worthwhile for those with a pre-existing health condition or who are simply too busy to take care of the necessary tests. Those with a strong desire for a quality term life policy and a need to apply sooner than later should consider this option.