It is safe to say that the concept of life insurance with no medical exam is something that all of us should look into at some point within our lives, the earlier the better. The sad fact however is almost all of us should have life insurance but don’t but why is this exactly?
The main reason that most of us don’t look into or think about the concept of life insurance is because the thought of our own death is not one that we want to entertain. No one wants to think about the possibility of their own death. The only real aspect that can get many people past this rather uncomfortable thought is the love that they hold for family and the overall desire and need to make sure that loved ones are going to be taken care of financially when death does occur. Once people have come to terms with the fact that death is inevitable they are then faced with the second reason that many people don’t hold a policy, which is the fact that a medical will more than likely be needed.
Medical exams are typically needed by an insurance company before they will issue a policy to you. This is generally true whether you are taking out a whole or term life insurance. The reason that this presents such a problem for some people is due to the fact that they may not have the time to undertake a medical exam or they don’t have the inclination to get one. Thankfully however there are now certain company’s and certain policies that you can take out that don’t require you to undertake a medical exam.
If you are a generally healthy individual and you are free from serious conditions such as HIV, cancer or diabetes then chances are you will probably qualify for no medical exam life insurance.
This policy is an option for people who want to take care of their loved ones but either don’t have time or don’t want the hassle of a doctor’s visit. So if you don’t have to have an examination, how is it decided if you qualify for no medical life insurance?
If you are applying you will have to answer questions regarding your circumstances so that you will be given a more accurate life insurance rates. Aspects that will affect this quote are facts such as your age, sex, occupation, whether you are a smoker and your general overall health as well as the level of cover you are applying for and the type of contract that you opt for. The way that your no medical life insurance is calculated is the older you are the higher your premium will be. Other aspects that are also taken into consideration are your height, weight, medical history and lifestyle.
Based on information such as the above as well as all of the questions that you will be asked your medical insurance company will go on to decide if you qualify for no or if you require an examination to be carried out.
No medical life insurance is growing in popularity and is now one of the most wanted forms of life insurance that are available. So to find out if you could qualify for it get in touch with your insurance company today.