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Term Insurance No Medical ExamMany carriers are now offering term insurance with no medical exam, so you can compare, apply, and print your policy right from home. Learn more about term insurance no medical exam and compare rates for this type of policy today. What is term insurance with no medical exam?Traditional life insurance policies require a complete medical examination in order to qualify for coverage. A nurse or paramed would come to your home to check your height and weight, blood pressure, and take a sample of your blood and urine for further testing in a lab. To some, this is an inconvenience, while others have an aversion to needles. Whatever the case may be, term insurance with no medical exam is an alternative way to get an affordable term policy without the physical. How do I qualify for coverage without the exam?Insurance companies will have you fill out a health questionnaire and ask you abot your health history and your family health history. You will also have to disclose your height and weight, your smoking status, your driving record (if you have speeding tickets or a DUI), as well as any hazardous hobbies or occupation. Your answers to these questions, along with a medical history report and prescription history report, will give the insurance company enough information to underwrite your policy and determine if you qualify. Can I obtain coverage if I have some health problems?Typically, a term insurance policy with no medical exam is better for those who are in general good health. If you have some health issues or if you are overweight, then you will not qualify for a no exam term policy. Is there an advantage to getting a medical exam?One of the differences between a no medical exam term policy and a fully underwritten policy is the rate. A no exam policy will have a higher rate because the insurer is taking on a higher risk. You will also be limited to the amount of coverage that you can obtain. Depending on your age, the maximum amount of term coverage that you can get without a medical exam is $300,000. How do I get this type of policy?The first thing you should do is shop around. Get a free quote and compare rates from several major life insurance companies. Rates can vary by as much as 70% so it definitely pays to compare. Once you find the carrier with the best rate for you, all you have to do is apply. Get a quote today. | ||||||
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