How to Obtain a No Exam Life Insurance Policy
Understand life insurance options., Know what no medical exam life insurance means., Investigate no medical exam life insurance providers., Pick the best quote.
Step-by-Step Guide
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Step 1: Understand life insurance options.
Term life insurance is set for a certain time such as 10 to 20 years.
If you live past the term of the policy, it expires.
This means you're no longer covered and you receive no money back.
Also, you can't borrow against the policy if you need money.
Permanent life insurance, also called whole life insurance, provides a death benefit and a cash value or savings account.
It isn't limited to a specific time such as 20 years.
Also, you can cash in the policy at any time or borrow against it to obtain money.
Term life insurance is less expensive than permanent life insurance. -
Step 2: Know what no medical exam life insurance means.
You don't have to undergo a medical examination, which typically includes blood work, a physical, an EKG, a urine specimen and an X-ray.
You won't have to wait for the insurance provider to review the results.
You do have to answer some basic questions about your health, habits such as smoking or any medical problems.
The questions are used to determine your risk level. , Call local life insurance providers.
Ask them if they have no medical exam life insurance policies.
Search online.
Since there is no medical examination needed, you may be able to obtain life insurance with an online insurance provider or insurance broker.
Select the no medical life insurance policy that fits your needs and price range.
The life insurance providers offer insurance in permanent and term life. , Complete the application process.
You may have to wait for the life insurance provider to review your application.
Accept the life insurance provider's quote.
The provider may have specific instructions such as signing documents and/or sending in a premium payment to activate the policy. -
Step 3: Investigate no medical exam life insurance providers.
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Step 4: Pick the best quote.
Detailed Guide
Term life insurance is set for a certain time such as 10 to 20 years.
If you live past the term of the policy, it expires.
This means you're no longer covered and you receive no money back.
Also, you can't borrow against the policy if you need money.
Permanent life insurance, also called whole life insurance, provides a death benefit and a cash value or savings account.
It isn't limited to a specific time such as 20 years.
Also, you can cash in the policy at any time or borrow against it to obtain money.
Term life insurance is less expensive than permanent life insurance.
You don't have to undergo a medical examination, which typically includes blood work, a physical, an EKG, a urine specimen and an X-ray.
You won't have to wait for the insurance provider to review the results.
You do have to answer some basic questions about your health, habits such as smoking or any medical problems.
The questions are used to determine your risk level. , Call local life insurance providers.
Ask them if they have no medical exam life insurance policies.
Search online.
Since there is no medical examination needed, you may be able to obtain life insurance with an online insurance provider or insurance broker.
Select the no medical life insurance policy that fits your needs and price range.
The life insurance providers offer insurance in permanent and term life. , Complete the application process.
You may have to wait for the life insurance provider to review your application.
Accept the life insurance provider's quote.
The provider may have specific instructions such as signing documents and/or sending in a premium payment to activate the policy.
About the Author
Diane Ford
Experienced content creator specializing in pet care guides and tutorials.
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