Everyone wants to make sure that their loved ones are taken care of financially, especially when you aren’t around to do it yourself but ironically the amount of people who have taken out a life insurance policy is a lot lower than it actually should be.
Thankfully for the people out there that need or want a policy but don’t currently have it the process for gaining it is becoming a lot more simple. In our day and age there are now a lot more options open to people who are currently in the process of gaining life insurance. One of the options that are quickly gaining popularity when it comes to gaining the perfect policy is known as instant no medical exam term life insurance. The reason that so many people are now opting for this form is because many people are put off the idea of taking out a policy due to the fact that they don’t have time to go and get a physical exam or they are reluctant to do so. A no medical life insurance policy takes this away and makes gaining a policy a lot simpler.
Obviously with a no medical life insurance premium there are certain restrictions concerning who is entitled to take the policy out. Generally however if you are in good health and have a good medical history you should have no problem when it comes to gaining this policy. The only real problem that you may face when trying to apply for a no medical life insurance policy is if you are suffering from health problems such as cancer, HIV or diabetes. Basically if you have any major pre-existing condition you would not be considered for this policy.
A no medical term life insurance policy is a highly convenient form of insurance as you can easily apply for it by filling in a form that will be used to help calculate the cost of your policy. When you are filling in this form you will have to provide pieces of information such as your age, sex, weight, martial status, medical history, occupation and whether you are a smoker. All of this information will be used to determine whether you are eligible for no medical life insurance and how much your premium will be.
It is important for insurance companies to collect large amounts of medical date in order to determine risk factors that could play a part in whether you are granted no medical life insurance. Insurance companies also use the information to help them project the life expectancy of someone applying for a policy.
Most insurance companies offer you no medical exam term life insurance but you should be aware that the benefit amount of it will be less than if you opted for an insurance policy that included a physical exam. If you are however not looking for a large policy then look no further than a no medical life insurance policy as it could be exactly what you need; so what are you waiting for?