The concept of a term life insurance with no medical exam combines two of the most popular and sought after forms of life insurance policies. This plan has a number of benefits and could help people in a variety of circumstances.
Term life insurance allows you to take out a policy for a certain amount of time such as one year or ten years. During this time you will be covered in case anything happens to you. It is the most affordable form of life insurance that gives you the peace of mind that you need. No medical life insurance presents you a chance to get a plan without the hassle of having to go for a physical. So when the two of these policies are combined you get what is ultimately known as term life insurance with no medical.
One of the main benefits that a term life insurance with no medical exam provides you with is that it saves you time. With this policy you merely have to answer a few questions and submit your application for approval, it’s as simple as that! You don’t have to lose time from work to fit in a physical exam and you won’t be paying a sky high premium thanks to the fact that you can choose your length of cover.
Applying for any insurance plan, which of course includes your application for a term life insurance with no medical exam, has now been made even easier thanks to the growth of business on the Internet. Many companies are taking advantage of this growth with the fact that insurance company’s are now allowing people to gain quotes for policies online as well as providing them with the option of applying for their policy online. It is thanks to this that applying and gaining a policy with no medical has never been so easy. It makes your application shorter and allows you to gain same day coverage as you have no lengthy delays due to aspects such as physical exams.
When you apply for a term life insurance policy with no medical you will be asked to complete a short application that provides the insurance company with some basic background information such as what state you live in, your gender, age, weight and height. You will also be asked questions about your lifestyle, one of the main questions being whether you are a smoker. Once you have completed the basic background information and you have answered a series of questions regarding your health you can move onto deciding aspects relating to your actual policy.
As part of your application for a term life insurance policy with no medical you need to choose your coverage type, which includes how long you want the policy to be taken out for. Some of the most common answers to this question include one, five, ten, twenty or thirty years. All of the information that you provide will be used to decide if you are entitled to a term life insurance with no medical. So when you are filling out your application you need to make sure that you are as accurate as possible.
Term life insurance with no medical is available to a wide range of people and is a highly flexible form of life insurance that can be tailored to suit your needs. It comes highly recommended to anyone who is currently looking for the perfect life insurance cover.