No Medical Exam Life Insurance: 3 Important Advantages!

No medical exam life insurance is a new product, but its popularity is growing fast. This is not surprisingly considering the many advantages it provides. Life insurance plans that do not require medical examinations are a convenient way of getting life coverage. Life coverage is important for protecting the financial security of dependent family members.

How does it work?

life insurance coverageNo medical exam life insurance works like a regular policy, except that it doesn’t require medical examinations. In order to qualify for a plan, an applicant has to complete a medical questionnaire. Policies can provide term or permanent coverage: if the insured dies during the policy’s term, the agency will pay a death benefit to the beneficiaries who can use the money to cover various expenses.

Here are 3 important advantages of having no exam life insurance:

1.       It is fast

If you need life insurance fast, apply for a plan that doesn’t require medical examinations. Your policy will be issue in less than 24 hours. Compare this to a typical life insurance plan which requires between three and six weeks to issue: the advantage is very clear!

2.       No medical examinations

The complicated underwriting process turned away many people from getting life insurance. No medical exam life insurance provides a very convenient way of purchasing a plan. All you need to do is answer a few medical questions. This can be done online in just a few minutes! Also, by not having to visit different doctors you save time and money.

3.       It is easier to qualify for coverage

Since you do not have to go through a complicated and detailed underwriting process, it is easier to get life insurance. This is particularly advantageous for seniors and people with pre-existing medical conditions. Most seniors are not able to get life insurance through a traditional plan because of the many medical examinations. Life insurance is also important for seniors who want to cover burial costs. People with pre-existing conditions can also have better chances of getting coverage through plans that do not require medical examinations.

If you want to find affordable life insurance rates, visit our website and search for quotes!