No Medical Exam Life Insurance

  


No Medical Exam Life Insurance is often cheaper than standard term life insurance. Unlike standard term life insurance, you won't have to undergo a medical examination, undergo lab work, or spend a waiting period. This article discusses the advantages and disadvantages of this type of policy. This type of insurance is often recommended for older people. Age restrictions can also disqualify you from purchasing this type of insurance. But before you make your final decision, remember that no medical exam is not the same as a paramedical exam.

No Medical Exam Life Insurance is cheaper than standard term life insurance

Among other things, No Medical Exam Life Insurance is cheaper than standard terms. You can get a quote for as low as $182 a month. Over the course of 20 years, this would amount to more than $15,120. While the average premium on no-medical-exam life insurance is $182 a month, premiums can vary by age, gender and other factors. The low premium is the main reason why these types of insurance are cheaper than standard term life insurance.

Most life insurance providers require some form of health information before issuing a policy. This is because life insurance policies containing life-threatening conditions are less likely to make a profit. Traditional medical exams require the applicant to undergo measurements such as height and weight, blood pressure, urine samples, and so on. These tests can be a burden to some people, causing them to delay obtaining life insurance.

It doesn't require a medical exam

If you're looking for life insurance that doesn't require a medical examination, there are many options available. Life insurance without a medical exam is often referred to as a simplified issue or guaranteed issue policy. You can find these types of policies from employers and organizations. These types of policies require no medical exam and typically do not require lab work. However, you should note that they do not offer the same levels of coverage as medically underwritten policies.

While no-exam life insurance isn't for everyone, it may be worth considering if you have chronic conditions, are older, or want to supplement your coverage at work. Purchasing a no-exam policy also gives you greater permanency. If you change jobs or health conditions, your AIG Direct coverage will remain in effect. Similarly, AIG Direct offers two no-exam options: Accidental Death and Dismemberment Insurance and Guaranteed Issue Whole Life Insurance.

It doesn't require lab work or a lengthy application

No Medical Exam Life Insurance does not require lab work or a lengthy application. This type of coverage can be especially helpful for those with pre-existing medical conditions and individuals who don't like having their blood pressure or cholesterol levels checked. No exam life insurance requires a simple application and is approved within one to three days. It can be helpful for people with high risk occupations and people who don't want to undergo a long application process.

Regardless of your health condition, No Medical Exam Life Insurance is a great way to secure coverage without undergoing a formal exam. Unlike whole life insurance, guaranteed issue life insurance does not require a physical exam. All you need to do is answer a few questions on your application. In addition, no medical exam options typically charge higher premiums and don't cover as much money. Despite the lack of medical exams, guaranteed issue life insurance policies can still provide substantial coverage, including the costs of funerals.

It doesn't require a waiting period

No Medical Exam Life Insurance doesn't require any type of medical exam. However, some insurance companies may lie about the availability of no-medical exam policies. Even though they may not require a blood or urine sample, no-medical-examination life insurance policies usually require a waiting period. Even if you don't have a medical exam, no-medical-examination life insurance policies do still require a waiting period, which means a two-year waiting period before you can make a claim.

One way to get life insurance without a medical exam is by purchasing an accidental death policy. Such policies pay a benefit only if you die in an accident. While they don't require a medical exam, they're also cheap. Moreover, accidental death coverage doesn't apply to natural causes of death. So, if you're thinking of purchasing a no-medical-examination life insurance policy, there's no waiting period!

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