You have two options when you buy insurance. The no exam term life insurance policy and the medically underwritten insurance policy. It is important to ensure that you have enough coverage when purchasing insurance. Many insurance companies only offer limited coverage and no medical options. It is crucial to choose the right service provider. Benefits of a no-exam term policy on life insurance include:
* It is easy to get
It is simple and easy to get the policy. The policy is ideal for busy people. The waiting room is not a time-consuming place. It takes only 30 minutes to complete your medical test, several weeks to have your results sent to the insurance company, and many hours for service providers to review your application and provide a medical report before approval. The process of getting the no-exam term life insurance policy can take very little time.
* You can arrange coverage online
You can arrange the policy online or by phone. Your application can be submitted online or by telephone to purchase your plan. Basic questions about your health, age, weight, height and lifestyle will be asked. You may be asked questions about your health by some service providers without having to undergo a medical exam. It is important to answer honestly, regardless of whether you have any pre-existing medical conditions.
* Approval received the same day
Some providers issue the insurance policy within minutes. Others can approve the policy and issue it in a matter of hours. This insurance policy allows you to obtain insurance coverage that is in line with today’s world where almost everything can be done instantly. The no medical exam policy is highly recommended if you have an urgent need for insurance to help you get a mortgage or other loan.
* At a competitive price
No medical exam policies usually have higher premiums than those that are obtained after undergoing a full exam. It is best to shop around for the most affordable rates. You can also save money by skipping the extra coverages like trauma, permanent and complete disability, or any other protection that is often included with medically underwritten plans.
