Life Insurance No Medical Exam

Shop for life insurance no medical exam quotes online. You may reason that since the insurance company requires the person seeking insurance to sign a document containing statements about his health, that person will disclose any medical problems which will allow the company to classify him in a group of special risk. In this way all those who are greater risks will be in a class by themselves, and you will not be forced to pay higher premiums because of them.

This, however, is not entirely true. Under the law, the insurance company is generally unable to do anything about an incorrect statement of the policyholder, if the company does not discover the false statement before the end of two years after the policy was issued. Some people aware of this fact may withhold pertinent information, and insert inaccurate statements in their signed application.

Consequently, if you have a physical problem which would ordinarily classify you among those of greater risk, you will find it advantageous to purchase the type of policy which does not require you to submit to a medical examination. If, on the other hand, you enjoy normal health, it is to your advantage to insist upon the plan which requires a medical examination, and which has thereby inherently lower premium rates.

If you are seeking to buy only a small amount of insurance, the company may waive the requirement for a medical examination. If you are in good health, this waiver benefits you only if you do not pay any penalty for not having taken the examination. It is, therefore, essential to compare premium costs of the policy offered under this condition, with a policy requiring a medical examination.

If, on the other hand, you seek to buy a large amount of life insurance no medical exam, the company will insist, under all conditions, that you take a medical examination. If you seek a very large amount of insurance, the company may require that you have two examinations by two independent doctors, to assure itself of your insurability.

Term Life Insurance No Medical Exam

Today, most popular life insurance policy still remains term life insurance. Most companies will require a medical exam in order to obtain such policy. But there are still plenty of insurers who will gladly to accept you an your family with no exam required. Find out how to get term life insurance no medical exam on our website.

Underwriting Process

The type of underwriting used will determine whether you are receiv­ing the proper charge based on your current or past medical history. For example, if you are a nonsmoker with no adverse health history and the type of underwriting being used is guaranteed issue life insurance, you are paying for those who have an adverse medical history.