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Life Insurance No Physical Exam
Life insurance with no physical examis becoming more and more popular because many people don't want to go through the hassle of a life insurance medical examination. Sometimes an applicant just doeesn't want anything to do with needles or a nurse, and others have a busy lifestyle and want to get a policy fast. The good news is that you can still get life insurance coverage without a physical examination. No physical life insurance is fast, easy, and a great alternative to traditionally underwritten life insurance coverage, which can take anywhere from 4 to 6 weeks to get a policy in hand. No Physical Life Insurance - Do I Really Need A Physical?Insurance companies want to make sure you are healthy before they issue you a life insurance policy. In most cases, the company will require an applicant to go through a medical exam to check height, weight, blood pressure, cholesterol, and other health measurements. For people who are generally healthy, they can bypass this medical exam and simply answer a few questions on a life insurance application about their health history. This is what no physical life insurance policy is - coverage without the exam! No Physical Life Insurance - How Do I Qualify?To qualify for a no physical life insurance policy, a company will go through a few steps to determine your eligibility. On the actual application, they will ask you about medications you currently take, current and past diagnosed problems, your family's health history, your height and weight, any hazardous sports or activities you might participate in. Most companies want to know about your driving history too. Even though there is no medical exam, the no physical life insurance application still goes through underwriting because companies know that not everyone will be truthful on their application. The answers you gave on your application will be checked to make sure they match information that is available through prescription databases, the Medical Information Bureau, and your driving record. Some companies even require a telephone interview to record your answers to the health questions. This is left on record in case it needs to be referenced in the future. No Physical Life Insurance - Why Does It Cost More?The premium on a no physical life insurance policy is a little bit higher than a fully underwritten policy. This is because carriers take on more risk by insuring you without completely evaluating your health through a physical examination. They charge a little bit more to offset that higher risk. The higher rate may be worth it to you if you value the convenience and you really want to avoid the hassle of a physical exam. If you think that a no physical life insurance policy is right for you, then the first step is to do some shopping around. This is very important because rates can vary by as much as 70% from one carrier to another. It definitely pays to compare so get a free no obligation quote for no physical life insurance today. | ||||||
Need other types of quotes? Learn more about term life insurance quotes, elderly life insurance, and no questions life insurance.
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