No Exam Life Insurance

For all those people out there who are healthy and want their insurance faster and with less hassle, a no exam life insurance policy has developed as the latest trend in the market today. As long as you do not suffer from any chronic or life-threatening disease such as cancer, AIDS, diabetes or a heart condition, for example, you would probably qualify for such a policy. Tempting as it may sound, it would be prudent however to investigate a little further before making a final decision.

There are different types of No Exam Life Insurance Policies available. Some are designed specially as a final expense policy while other offer coverage up to 95 years with a guaranteed level premium for periods of 5, 10, 15, 20, 30 and 40 years. Such policies can also be convertible during the first 10 years or to age 65, whichever comes first. The terms and conditions of the coverage will vary depending on which policy you apply for.

Some of the main features of No Exam Life Insurance are:

No medical exam or tests and as a result no waiting period and delay in processing.
For certain age brackets (i.e. the younger you are) the rates are very competitive.
There might be competitive rates available to tobacco users in some age brackets as well.
Death benefits can range from $5,000 to up to $350,000.
In most cases, there is no waiting period for the policy to come into effect and the policy may be approved in as little as a day.
In case you are overweight, you may still qualify for relatively competitive rates.
There is a simple application process that involves a phone interview and the use of an electronic signature.

Most definitely, the sheer practicality and ease involved with such a policy is its largest draw. All you have to do is answer a set of questions regarding your age, sex, health status, medical history and your application can be filled and processed online along with an electronic signature. Once the insurance company assesses your eligibility, your policy can come into effect within 24 hours. In this way, you can avoid scheduling a medical exam and undergoing tests such as a blood test, urine test and the like normally required for regular insurance policy.

Another advantage of a No Exam Life Insurance Policy is that the rates offered remain constant throughout the term or period of coverage. In case your health deteriorates after you purchase the policy, the insurance company cannot alter the premium or reduce the coverage amount in such cases.

On the other hand, most No Exam Life Insurance Policies offer only limited amount of death benefits. Depending on your age, you could qualify for a maximum of $300,000 without a medical exam. This amount will decrease, the older you are and most of these policies also demand a minimum amount of coverage as well. Since you are not taking a medical exam, the insurance company is within its rights to cancel or modify the policy within the first two years or 'contestable period' of its term. In case you have lied on your application or die within these two years, you may be at a risk of not receiving the death benefits. No Exam Life Insurance is also more expensive than regular policies. The insurance company trusts you to provide information on your health and medical history and recognizes the risks involved in doing so. As a result, the premiums charged are higher than if you went underwent the medical exam.

When finalizing on a No Exam Life Insurance Policy, do your research well. Check and compare rates, special offers, amounts of coverage from a number of insurance companies. Check the insurance company's A.M. Best rating and Better Business Bureau rating along with the eligibility requirements and terms and conditions of the policy. And always, always answer all questions honestly and completely on your application or risk your policy being canceled

No Exam Life Insurance - The Instant Insurance

No Exam Life Insurance is a very popular choice in today's "popcorn" world, where things are expected to "pop-up" whenever we want and where we hate to wait on anything. With the times that we live in today, most of us are extremely busy working at different jobs, taking care of our families, and etcetera, but with life insurance like this, we no longer have to spend all day getting a physical (at the doctor's office), and neither will we have to meet up with the local insurance agent. For those of you who want life insurance right now, without waiting for any underwritten policies, then coverage protection like this can be an immediate blessing to you.

With the life insurance coverage that No Exam Life Insurance will give to you, telling the insurance company your medical history will be a thing of the past, and you will also not have to answer a verbal questionnaire nor take a blood pressure test. Also, for those of you who hate giving either blood and/or urine samples, this form of insurance just might be the right pick for you.

The many different reasons why insurance coverage providers will have you go through the processes listed above is because they want to protect themselves, because if you have any health problems that are considered a "risk" to them, they hope that you do not die before you can consistently pay for any coverage. The coverage providers like to "cover their assets", so to speak, so if you are somebody who has serious health illnesses, you will definitely want to check-out life insurance that does not require any physical examination.

No Exam Life Insurance providers will give you just a minimal amount of questions, in regards to your health, as well as a few about your background throughout the years. Whenever you receive the approve of the life insurance coverage provider, you will normally receive a call or e-mail from them that will let you know what you will have to pay, should you accept their offer in the first place. After this, you can pay for your protection with a credit card or e-check, which promises you that you will not have to meet anybody from the insurance company.

Always know that you should tell the truth as much as you can, when it comes to the insurer asking you any questions. Coverage providers have a policy that is known as "contestability", which is a 2-year period of time where you cannot give any "material misrepresentation" of your health, lifestyle, and/or driving records can make in-validate your policy, which will hurt you and your beneficiaries. If you choose to lie and not answer those questions honestly, then it's recommended that you not sign-up for insurance such as this.

Another thing you need to know is that when you choose to sign-up for life insurance of this form, the odds of you paying high premiums will go up, since those who typically pay for this coverage usually do not have good health. If your health is considered to be great, however, then I would recommend that you not pick this insurance, since you will have to pay a higher premium, which usually pertains to those who are "at risk", but you are not risky since your health is great.