Medical Exam is not a necessity for insurance
No Medical Exam life insurance seems to be a strange term for anyone. While some tend to think Life Insurance with no medical exam is some kind of a marketing trick, others give it a thought when they are in two minds about getting insurance. Having no life insurance policy is no excuse for any adult. It would sound ridiculous for those who do, but there are people who have ‘no time’ for taking out a policy. Starting out, you do not seem to afford it, after marriage there seem to be a lot of expenses that taking out a policy would encumber your already tight budgets, after you have kids, the thought passes your mind again but you seem to think there is always more time for you to go get one and before you know it, you’re about to retire in a few years with no life insurance to take care of your family in the unfortunate case of your death. Whatever your reasons might be, you need to be aware of your options.
Life insurance with no medical exam is a realistic option if indeed you feel weighed down by your schedules to fix up an appointment with the medical examiner. Plus of course, the added timing factor is not appealing for many or there could be many reasons why you prefer to have no medical but still get coverage. Largely there are three kinds of insurances. First, there are the conventional underwritten policies with several questions about you, your family and medical history along with a compulsory medical test. There are also simplified issue life insurances that do not require a medical test but some questions need to be answered about the family medical history and personal medical history. And then there is the no medical exam life insurance policy where you do not need to answer any questions nor do you have to take a test. It’s just an application away and it is made available to you within days! And the best part is you can even apply online without once showing your face to your insurers.
Convenience is a major plus in a no medical exam life insurance. You might have to answer a few questions related to your age, gender, height and weight but that is hardly a comparison to the lengthy questionnaires you might have to fill elsewhere. There is no flip side to no medical exam life insurance except may be the fact that it is a bit pricey. And you will not be able acquire more than maximum $500,000 coverage. Also, in most of the cases, a policy can be obtained regardless of the age. That is why they are often times referred to as guaranteed issue life insurance policies as well.
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