Medical Exam is not a necessity for insurance

No Medical Exam life insurance  seems to be a strange term for anyone. While some tend to think Life Insurance  with no medical exam is some kind of a marketing trick, others give it a  thought when they are in two minds about getting insurance. Having no life  insurance policy is no excuse for any adult. It would sound ridiculous for  those who do, but there are people who have ‘no time’ for taking out a policy.  Starting out, you do not seem to afford it, after marriage there seem to be a  lot of expenses that taking out a policy would encumber your already tight  budgets, after you have kids, the thought passes your mind again but you seem  to think there is always more time for you to go get one and before you know  it, you’re about to retire in a few years with no life insurance to take care  of your family in the unfortunate case of your death. Whatever your reasons  might be, you need to be aware of your options. 

 Life insurance with no medical  exam is a realistic option if indeed you feel weighed down by your schedules to  fix up an appointment with the medical examiner. Plus of course, the added timing  factor is not appealing for many or there could be many reasons why you prefer  to have no medical but still get coverage. Largely there are three kinds of  insurances. First, there are the conventional underwritten policies with  several questions about you, your family and medical history along with a  compulsory medical test. There are also simplified issue life insurances that  do not require a medical test but some questions need to be answered about the  family medical history and personal medical history. And then there is the no  medical exam life insurance policy where you do not need to answer any  questions nor do you have to take a test. It’s just an application away and it  is made available to you within days! And the best part is you can even apply  online without once showing your face to your insurers. 

 Convenience is a major plus in a  no medical exam life insurance. You might have to answer a few questions related  to your age, gender, height and weight but that is hardly a comparison to the  lengthy questionnaires you might have to fill elsewhere.  There is no flip side to no medical exam life  insurance except may be the fact that it is a bit pricey. And you will not be able  acquire more than maximum $500,000 coverage. Also, in most of the cases, a  policy can be obtained regardless of the age. That is why they are often times  referred to as guaranteed issue life insurance policies as well.