No Physical Term Life Insurance
No physical term life insurance is coverage that is available for a certain period of time, or term. It is
designed to provide coverage for 1 year, 5 years, 10 years, 20 years, or 30 years. Most policies require a complete
medical exam in order to qualify, which can take 4 to 6 weeks to qualify for. Nowadays, many carriers are
offering no physical term life insurance policies, and your coverage can start within 24 to 72
hours.
How do I qualify for no physical term life insurance?
While you won't have to give a blood and urine sample, carriers will evaluate your insurability based on a
health questionnaire, as well as your medical and prescription records. Some companies require a telephone
interview where your answers to certain medical questions will be recorded. It is very important to be honest when
applying for a no physical term life insurance policy, because there are plenty of ways for a
company to learn about your current and previous health issues.
Keep in mind that a no physical term life insurance policy is for those who are in general good
health. If you have some major health issues or if you are overweight, then you should consider a fully
underwritten policy so that an insurer can properly evaluate your particular health situation.
What are the limits on a no physical term life insurance policy?
Depending on your age, you can qualify for up to $300,000 of no physical term life insurance. Also, the rate on this type of policy is higher because life
insurance carriers know that they are taking a risk by not completing evaluating your health. They charge you a
little bit more to offset that risk.
No Physical Term Life Insurance - Get Started Today
If you think that a no physical term life insurance policy is right for you, then the
first step is to shop around. Rates can vary by as much as 70% from one company to another, so it definitely pays
to compare. Get a free, no obligation quote today and compare multiple rates for no
physical term life insurance.
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