If you are looking for a term life insurance quote with no exam, then you've probably bought life insurance before and had to go through a physical or you are dreading that part now.
A majority of insurance companies require a medical exam, which typically involves a nurse coming to your home or office (if that's what you prefer).
They pull out a scale to weigh you and they check your height.
The measure your blood pressure and ask you a whole host of health questions.
And the part that many people dislike, they'll take some blood and yes, you have to pee in a cup.
So what if you don't want to go through with that? Well, the good news is that many life insurance companies have introduced policies that require no medical exam.
What are the benefits? •You can get up to $500,000 of life insurance coverage •No medical exam, only a few health questions •No agent will call you or visit you •Instant coverage, if you qualify •Print your policy from the privacy of your home Are there any drawbacks? The premiums on a life insurance policy without a medical exam are higher than if you were to take a medical exam.
The reason for this is because the insurance company is taking a risk by insuring you without first checking your health.
For some people, the extra cost is worth it if you don't want to wait the 4 to 6 weeks that it normally takes to get a life insurance policy, or if you don't want to go through with a physical.
What is the process? 1.
Fill out an online application and answer some basic health questions 2.
Compare the rates based on the amount and term you choose 3.
Submit your application, which can be approved in just a few minutes if you qualify 4.
Print your policy off right from your home computer.
What's the catch? You have to be in general good health to qualify for a policy without a medical exam.
Minor health issues like high blood pressure or cholesterol (if it's well controlled with only one prescription needed) is usually ok, but If you have a major pre-existing condition, then you are better off going with a traditional life insurance policy.
Your height and weight must also be within the underwriting guidelines, which will vary with different insurance companies.
Being slightly overweight is usually not an issue, though you won't qualify for the best rate, but if you are obese then you wouldn't qualify.
Also, the maximum amount of insurance you can get is $500,000 so if your need for insurance is greater than that, you'll have to go through with a medical exam.
A majority of insurance companies require a medical exam, which typically involves a nurse coming to your home or office (if that's what you prefer).
They pull out a scale to weigh you and they check your height.
The measure your blood pressure and ask you a whole host of health questions.
And the part that many people dislike, they'll take some blood and yes, you have to pee in a cup.
So what if you don't want to go through with that? Well, the good news is that many life insurance companies have introduced policies that require no medical exam.
What are the benefits? •You can get up to $500,000 of life insurance coverage •No medical exam, only a few health questions •No agent will call you or visit you •Instant coverage, if you qualify •Print your policy from the privacy of your home Are there any drawbacks? The premiums on a life insurance policy without a medical exam are higher than if you were to take a medical exam.
The reason for this is because the insurance company is taking a risk by insuring you without first checking your health.
For some people, the extra cost is worth it if you don't want to wait the 4 to 6 weeks that it normally takes to get a life insurance policy, or if you don't want to go through with a physical.
What is the process? 1.
Fill out an online application and answer some basic health questions 2.
Compare the rates based on the amount and term you choose 3.
Submit your application, which can be approved in just a few minutes if you qualify 4.
Print your policy off right from your home computer.
What's the catch? You have to be in general good health to qualify for a policy without a medical exam.
Minor health issues like high blood pressure or cholesterol (if it's well controlled with only one prescription needed) is usually ok, but If you have a major pre-existing condition, then you are better off going with a traditional life insurance policy.
Your height and weight must also be within the underwriting guidelines, which will vary with different insurance companies.
Being slightly overweight is usually not an issue, though you won't qualify for the best rate, but if you are obese then you wouldn't qualify.
Also, the maximum amount of insurance you can get is $500,000 so if your need for insurance is greater than that, you'll have to go through with a medical exam.
