Is Getting Life Insurance Without a physical examination a good deal?

If you can prove you're a reasonably healthy person, you now have the option by some insurers to get life insurance without having to endure what most people hate more than anything in life insurance: the ' medical examination.

No medical exam life insurance is founded as a response of the market to get a life cover of people who know they are healthy, but despise medical exams. It 's also a response to people who want things faster and faster with fewer problems. Most healthy people can be without quality life insurance medical exam.

As long as you are free of major diseases such as cancer, diabetes, AIDS, or a heart condition, it is likely to benefit from a life insurance policy without medical examination. All you have to do is answer a medical questionnaire. The policy may come into force on the same day you apply for this.

There are a few things to keep in mind, without medical coverage for life insurance exam. One thing to remember is that these policies provide only limited death. However, this can still be a negligible amount of coverage. It depends on your age (the younger the better, of course), but you can qualify for up to $ 300,000 of death without medical examination. Most of these policies also require that you take a minimum amount of coverage, such as $ 50,000 (or less if they are relatively advanced age).

You must also remember that since it is not taking a medical, the insurance company has the right to modify or terminate the contract for the first year or two, during what is called the "contestable period". They would do this if they found he had lied on the questionnaire or inaccurate. Remember that there are national, centralized databases available to businesses of life insurance and if you have had medical examinations and life insurance policies before the records are there. A life insurer would also examine the results of an autopsy, if died in the first two years of politics, and the conclusions at odds with what you wrote would probably mean the death of any benefits paid.

Another problem with these policies is that they are more expensive for the same amount of death of a life insurance medical exam required. Remember, insurers must reduce their risks. If you have nothing to go on, but the word that can make a policy, but in return that compensate for the increased risk with higher premiums.

Probably the best thing to get one of these policies are not health exam life insurance if you are under 35 years and have some other coverage of life insurance as well. They should not be purchased for convenience of privacy issues - they are too expensive and have too many limitations.

The best way to go about finding the best deal on a life policy medical examination is to speak with an insurance broker and get quotes for various prizes. These policies can vary widely between different insurers. Some insurers find these policies a priority to have in their portfolio, while others are not so fond of them .......