No Exam Term Life Insurance
Many people can qualify for life insurance with no exam necessary, even people who wait to apply in later years. They can get life insurance with no exam up until age 65.
As you get older you would normally see the life insurance buying process as a chore. You seem to always need a medical, possibly two. They usually want blood or urine to test. This is no longer so if you are in fairly good health.
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Why Life Insurance With No Exam
In today’s world people tend to live longer because they take better care of themselves. Everyone seems to be watching what they eat and are on some sort of exercise regimen. With effort people are doing a better job keeping their weight at a healthy level.
The result of all this is that we stay healthier for longer periods. The high blood pressure problem is much more easily controlled. One of the great concerns though is the hereditary diseases like cancer. This can, however, be effectively treated if caught early.
Another important thing to think about is that access to information is much easier than it used to be. Considering all these things has allowed life insurance companies to issue policies to more people without them having to do a medical exam.
All that is needed is the usual non medical questionnaire in most cases. This was always offered to younger people. It is now offered to people up until age 65. Some companies have actually shortened the form while making certain that all areas are covered.
Are they offering less competitive life insurance? It is quite surprising that these non medical policies are quite competitive. Life insurance companies are in business to make money. They do make certain that they select the risks that qualify.
If you are therefore between age 18 and age 65 and are not one step from the grave you should apply and see whether you can qualify or not. You need no medical exam, just a few targeted health questions answered.
The policies can be issued online if you choose. It takes about 15 minutes for the life insurance company to check the information and to assure themselves that you qualify. Upon approval you can print out your policy right there and then.
The policies offered are 10, 15, 20 and 30 year level term insurance policies. This means that the death benefit never decreases during the term period. They stay the same unless you choose to reduce your coverage. The premiums also are level throughout the term period.
You can get up to $1,000,000 coverage in this manner. Some carriers limit the amount of life insurance with no exam offered to $250,000. Some also limit the age to apply to age 60. These policies can be renewed at the end of the term period without your having to qualify all over again. You will, however, pay a higher premium from this point on.
What of those borderline cases, those applicants that the company are not certain if they qualify. These people may be asked to do a medical exam. This should be considered a hopeful sign as the company could just as easily decline the policy. After the medical underwriting is done some people do qualify even though they may not be in perfect health.
Buying life insurance with no exam necessary is the popular way to get coverage online.