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With so many financial products and services on the market today, it can become difficult to determine what is useful and what is not. This is especially true for life insurancewhich comes in different kinds, coverage amounts and lengths.
Term life insurance policies that only provide coverage for a certain period are usually cheaper to obtain. Whole life insurance meanwhile, policies provide protection (and an attractive cash reserve) for the policyholder’s lifetime. But they are also more expensive.
One type of life insurance that can appeal to both young and old is life insurance without exam. This type of insurance is exactly what its name suggests: no medical examination is required to secure a policy. But there is much more to this insurance than its name alone. In fact, there are numerous benefits that you should know about.
If you’re in the market for life insurance, start by getting a free quote so you know exactly what to expect.
3 Benefits of No Exam Life Insurance
While this type of insurance has numerous benefits, here are three of the most important ones you should know.
No medical examination is required
The most obvious benefit of this type of insurance is perhaps the most significant. Simply put: you won’t have to have a medical exam to get approved for coverage. As many providers actually require a medical examination and relevant blood, urine and blood pressure tests, this can be an attractive alternative to obtaining protection.
Maybe you’re young and healthy and just want to speed up the approval process as much as possible. Then skipping the medical can help you secure a plan much faster than if you had to schedule a visit with a medical professional first. Similarly, if you are older and worried about what the medical examination will reveal, you can choose this type of insurance and not worry about potentially negative test results.
Either way, by going this route, you can skip the exam and get one step closer to getting insurance. You can get a free price estimate now.
Covers a wide range of candidates
As mentioned above, whether you are young, old or somewhere in between, a life insurance without exam the policy will cover you. This is especially helpful for those candidates who smoke or have a history of smoking. It is also generally good for those with pre-existing medical conditions that may have otherwise limited their ability to obtain a policy. And if you have a high-risk occupation — which may have disqualified you from coverage with another type of policy — you’ll be covered under a no-exam policy.
It’s guaranteed
If the life insurance company won’t turn you away for lack of a medical exam and is willing to cover you regardless of your pre-existing conditions or smoking history, then coverage is essentially guaranteed no matter what box you check on an application.
Applying for life insurance, especially for those people who fall into one or more of the above categories, can be a stressful process. You don’t know if you’ll even qualify, let alone how much or for how long. And if you don’t get disqualified, you’ll have to start applying again with another service.
Fortunately, no-exam life insurance eliminates all of that stress and work because coverage is guaranteed.
The bottom row
Everyone’s personal circumstances are different. Accordingly, what type of life insurance policy works for one person may not work well for another and vice versa. But no-exam life insurance takes much of the stress out of the equation by providing no-exam coverage for a wide range of applicants. And that’s guaranteed!
So start with a free quote to see what you can qualify for now.