Get the Facts on Life Insurance No Exam

There are very legitimate reasons for seeking life insurance no exam even though most insurance companies require a medical examination prior to issuing an insurance policy. A typical medical insurance exam consists of you visiting a preapproved doctor’s office or clinic, or a nurse visiting you at your home and taking basic vital signs such as your heart rate, height and weight and other such basics. You’ll more than likely also be asked to submit blood and urine samples as well.

While there is nothing really all that difficult about the process many people find it uncomfortable and would prefer not to go through with it. A great many of the major life insurance companies have recognized this and now offer policies whereby they will issue no exam life insurance. Let us briefly take a look at the pros and cons of getting life insurance without a medical examination.

Pros

• Instead of getting a medical exam you only need to answer some basic health questions
• Insurance agents will not call on you
• If you qualify for coverage it will begin instantly
• You can get up to $500,000 worth of coverage

Cons

• Premiums are higher than policies that require a medical examination
• Can’t get as much coverage as you would with a standard life insurance policy
• Not as many options as compared to life insurance companies that require a full exam

Like just about anything else in life there are pros and cons to everything including life insurance. The main drawback of life insurance no exam are the higher premiums. It must be understood that the insurance company is taking a greater risk by issuing a policy without a health exam so they must therefore protect themselves by charging more for coverage.

The process of getting life insurance without a medical examination is pretty straightforward. You can go online and fill out an application and answer some basic health questions. You then submit your application and you will know within minutes if you have been approved. You can then print out your policy right from your computer and Voila! – you now have life insurance.

We made it sound rather simple but you must be in good general health to qualify for life insurance no exam. If you have any major pre-existing medical conditions then you more than likely will not be approved. The insurance companies also use general guidelines such as height and weight levels to determine who qualifies and who does not. Of course this is a generality and not all requirements of insurance companies are the same so be sure to check with each individual company as to what their guidelines are.

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