Ever wondered what is no medical exam life insurance? It is precisely what the name suggests – you don’t have to take a medical exam as you do with traditional life insurance policies. No medical exam life insurance is designed for people who have difficulty getting insurance because of their historical or current health problems, but this insurance is accessible to everyone.
By not making the medical examination mandatory for life insurance holders, those who offer insurance can offer greater flexibility depending on individual needs. Life insurance without a medical examination can be the ideal solution if you have a medical file related to your more complex or very specific health, or if you have already been refused by other insurance companies for medical reasons. According to a research, half of all consumers say they would prefer purchasing life insurance without a medical examination.
Life insurance is an essential precaution to ensure the financial security of your family. This type of product will pay for funeral expenses, pay off debts, or leave an estate to your heirs.
No medical exam life insurance is easier to obtain
Obtaining a cheap life insurance policy that doesn’t require a medical exam can be a bit difficult. It may seem like a process that will never come to an end. Before companies issue a policy, they want to find out everything they can about you: your personal information, your family history, the medications you take, and sometimes even your financial history. The underwriting process can be stressful and invasive, and it can be time-consuming.
For most people, the worst part is the physical exam. With the traditional subscription, one must be prepared to reserve a portion of the time for a paramedic exam. During the test, your blood pressure will be taken and blood is drawn, and you will be asked for a urine sample. Some insurers also ask for saliva. Some even require an EKG.
Then after the exam, you will have to wait. The whole process normally takes 4 to 8 weeks. In the meantime, he wonders if the test will show anything that might affect the cost of his life insurance.
Accelerated underwriting, simplified underwriting, or express underwriting can speed up the life insurance process by eliminating the exam.
Benefits of no medical exam life insurance
No medical exam life insurance offers permanent life insurance deals offering the possibility of obtaining life insurance protection that will cover you until your death. So even if there is no medical examination, the types of life insurance products offered and available are still very varied.
The protection offered by life insurance can be obtained without having to perform any health tests and despite the fact that you have had any health complications before. This type of life insurance has been designed so that as many people as possible can benefit from it, even if their health records are complicated.
If you are worried about the possibility of getting life insurance because of your health, this solution might be for you. Talking about your medical issues is never easy. Luckily there is a way to get life insurance while avoiding this difficult conversation.
Life insurance without medical examination is available to everyone and offers peace of mind. Insurance holders are unanimous: good insurance reduces stress and helps you sleep better.