Most life insurance policies require a medical exam. Approval and rates will be based largely on your weight, lab work and other medical information. If you are in poor health, then you may find it difficult to get the insurance coverage you need.
Fortunately, you can get no medical exam life insurance so you can still get the coverage you need. The types of policies available with no medical exam are: Simplified Issue, Final Expense, and Graded Death Benefit.
No Medical Exam Life Insurance : Diabetes, Cancer, Heart Disease
A history of cancer, even if you are a long-term survivor, can make you uninsurable with traditional policies. People with diabetes or heart disease also have a difficult time finding the coverage they need to protect their families. Regardless of your medical condition and age, there are policies out there that can help cover your final expenses.
Graded death benefit life insurance policies have relaxed underwriting requirements and will approve most people. Graded death benefit life insurance policies typically will cover Accidental death in the first 2 years, and all causes of death once you have the policy in force for 2 years.
The premiums are more expensive than traditional policies, but this type of No medical exam life insurance eliminates the need for an exam and can provide you with the insurance you want for your family.
No medical exam life insurance will not offer the same face amounts as traditional term life insurance or whole life policies. You can still get coverage to take care of final expenses, pay off a few bills, and have money left over for your family. Face amounts up to $350,000 dollars are available with this type of no exam life insurance.
The benefit of these policy types, is the convenience. You can get a life insurance policy purchased and issued within a few weeks. Comparing this to traditional term life insurance which takes up to 6 weeks for approval, many people opt for this faster method of getting new life insurance.
Age is the primary determining factor for the premium levels of life insurance with no medical exam. The younger you are when the insurance is purchased, the more affordable it will be.
While this insurance can be purchased even in your golden years, it’s a good idea to buy it earlier if you know that you have serious medical issues. Your family will be protected financially, and you will love the peace of mind that gives you.
There is a higher cost associated with no medical exam life insurance, mainly because there is a greater risk for the insurance company. Expect to pay more for a policy that is obtained without a medical exam, and be aware that you still must answer all questions honestly. Failure to provide honest answers can result in the cancellation of your policy. If you are healthy, then choosing a policy with medical exam can result in higher benefit amounts and lower premiums.
There is hope for getting life insurance, even if you are not in the best of health. No medical exam life insurance policies will not require you to submit to lab work or an exam by a registered nurse. The policies are a little more expensive, and the benefit levels are lower, but they can provide you with the funds you need to protect your family quickly.
Get instant life insurance with no medical exam from all the top carriers available nationwide. Contact us to get free quotes by answering few simple health questions 1-888-773-1181