Get Term Life Insurance Without an Exam! The Possibilities

Get Term Life Insurance Without an Exam! The Possibilities

The reasons for not wanting medical examinations are many. Maybe you are deathly afraid of doctors, you are in a hurry or you just do not want the hassle that comes with the procurement of policies that involve numerous medical tests. The good news is that there are options for such people. So how do you go about it? Below are some ways:1. Genesis: Where to start fromThere are usually two ways to purchase life insurance policies without exams. One way is by getting the simplified issue policy in which you only feel the required forms and in addition a medical form stating your health status and history. The company will then verify that using their own means and if you qualify, you are given the policy. The other way is by using guaranteed simplified issue policy, which is specifically tailored for the term life insurance policy. You do not have to fill in pages and pages of medical data. They are however specific about some issues including whether you smoke or drink. This helps them assess your risk probability and how much you ought to pay.2. Smart approachOverall, you would end up paying much more with the cover with no exam. So how do you handle the financial issue? For instance, if you were taking the simplified issue policy since you had no time to go through the tests, apply for the traditional insurance once you get time. That way you will ensure that you are covered by the former as you wait for the latter to be processed. Once it goes through, you can then cancel the expensive one and continue with the cheaper better one.3. Temporary insuranceAs the name suggests, these are only for a given period but they would serve the purpose. How so? You can apply for the usual insurance and obtain a temporary insurance with you can only qualify for if you are of good health. Another factor to consider is your occupation, which in some cases my hinder your qualification for a temporary cover. Although you are not subjected to a complete examination, you are taken through few tests to prove you are perfectly healthy.Term life insurance is, as the name suggests, stipulated to run for a given period. If you decide to go for a no examination policy, you are bound to have higher rates all through until you decide to go through the normal channels to ensure that you get the ordinary rates. The cause of this is that the insurers have to factor in that they do not know your health history and being and have to be factored in as a risk.