Life insurance no medical exam: Is It Worth It

- life insurance agents across the nation see a strong trend of families asking no insurance product life of the medical examination. Even when their agents present at lower cost alternatives traditionally underwritten, a growing number of families are opting for cover "non-drug".

This is not surprising. A medical exam life insurance is one of the biggest drawbacks of the process and for many families, it is a deal breaker.

An increasing number of life insurance agents (including myself) are firmly convinced that the life-insurance no medical exam aid families that otherwise would not bought life insurance

No life insurance policy for medical examination to take away the excuse of :. "I do not have time." Or "I do not want to take an exam."

life insurance companies are seeing the trend. Each year there is more life insurance products without a medical exam to enter the market. The market is becoming more competitive (finally), which lowers premiums.

The biggest disadvantage

The biggest drawback to this type of life insurance that requires consideration is it is more expensive. Those who buy a no exam life insurance will pay more of a traditional life insurance policy, in most cases. The life insurance company is taking a greater risk of not fully assess your health and compensates for this additional risk charge more.

The Biggest Misconception

As no medical exam, everyone can qualify, right? FALSE

The truth is: You must be in decent health to benefit from these free-review policies. You must first answer a series of health issues. If you pass these, most no life insurance companies check your medical examination MIB (Medical Information Bureau), pharmacy vehicle gear and engine.

Only if all those back in the underwriting guidelines of this company life insurance you be approved.

The high risks are declined for immediate coverage but can qualify for "death benefit classified" which are non-medical review policies that have a waiting period before benefits kick in. this life risk Higher Power insurance policies are the most expensive life insurance policies on the market, but are an option.

when it makes sense

So who should consider a non-medical-exam policy?

1. Those who have not seen their doctor within two to five years.

At this point, you do not know if your lab work (based on the blood sample they take) is normal or not. Life insurance agents see a lot of people who say they are the healthy image that are not necessary to see their doctor in the past years and the lab results come, they are shocked by their rate high cholesterol, blood pressure, triglycerides or anything. This can increase your life insurance or even lead to a fall.

Provide life insurance without no-medical-exam medical examination of the life insurance policy before asking the traditional coverage gives you peace of mind that no matter what happens with your life insurance medical exam, your family will be covered.

If your traditional fully underwritten policy returns without hiccups Medical Examination, simply cancel your no medical exam life insurance policy.

2. If you need fast coverage life insurance.

Average life insurance underwriting can take four to eight weeks. If you can not wait that long, consider a no life insurance policy medical examination. If you qualify, you can have an effective coverage in days instead of weeks.

We see many people buying a front cover to go traveling or need quickly a cover to get a loan. Others just want to get it out of their mind immediately and use it as a placeholder until they take the time to qualify for a traditional policy (and cheaper).

3. You do not want to get stung and pushed.

No one really likes to prick with a needle, but for some it is a deal-breaker. Life insurance no medical exam is your product. The medical examination is an excuse to protect your family.

Bottom Line

insurance unexamined life is not for everyone, but it certainly has its place. No doubt in my mind, I know that more people protect their families because of the simplicity of attaching a life insurance policy.

If you are considering a non-medical-exam life insurance policy, contact your life insurance agent and explore your options. Get this purchase life insurance off of the pilot and protect your family today.