Getting life insurance without physical exam is a great choice for people who wish to avoid doctors. Insurance companies accumulate big amounts of demographic and medical data to help them determine risk factors. While it may look very sinister and morbid, insurance companies use the information collected on applications to help them envision the life expectancy of someone applying for a policy. A troubled medical history, smoking, excessive weight, even being single; these are all elements that tend to lower life expectancy and thus increase the risk for the insurance company that policy will need to be paid.
Life insurance is something that almost all people know they really should have but don’t. Simply stated-people never like thinking about the possibility of their death. However, many people cay bypass this awkward thought because of their love for their family and the desire to make sure they are financially secure in the event of some tragic event. What most cannot bypass, however, is the medical exam that is typically required by the insurance company before issuing whole or term life insurance.
Term life insurance no exam does have its pros and cons like anything else. Some people are alarmed to learn that it is possible to purchase whole life insurance without taking a physical examination. While there are umpteen excellent policies on the market today that furnish life insurance no exam coverage, there are a few things to keep in mind before jumping on the bandwagon. One of the first things to interpret is that going this route is not necessarily the most cost effective
Also, most no medical exam life insurance policies only offer limited coverage for the first 2-3 years after you buy it. An example of this would be zero coverage for spontaneous death for the first 2-3 years and 50% payment for accidental death.It’s very essential that you read the policy exclusions before you take on any no exam life insurance policy and make sure you understand them.
You can get term life insurance no exam quotes online in seconds. Gender plays a function in influence the price of the no medical exam life insurance policies because females have a longer life expectancy than males.The insurance company asks about your height and weight to see if you are overweight and as such at risk of passing away during the term of the policy. This also pertains to the use of tobacco products, which is linked to terminal illnesses.
The factors that influence the price of the no medical exam life insurance quotes in popular directories you find are your age, your gender, your weight and height and whether or not you use tobacco products. This also goes for having used tobacco products within the last 12 months.There will be enough space on the website page for you to enter the answers to these questions. The older you are, the more expensive the no exam life insurance policy will be.