No Exam Life Insurance

No Exam Life Insurance is exactly as it sounds; a life insurance policy that does not require a medical exam.  While there are many advantages to this particular type of life insurance, one needs to realize that since no medical exam is required, the insurance company is taking a greater risk, and therefore the premiums will be much higher. Even though no one likes to think about life insurance, it should be a priority among those with families and loved ones.  Learning all you can now about life insurance will make things smoother for them when you are gone.

 Within the life insurance industry, this particular type of life insurance is sometimes referred to as “simplified” or “guaranteed” life insurance.  Some of the advantages of no exam life insurance are as follows:

· Application process is fast, easy and simple.

· Flexible payment plans are available.

· The policy is renewable at the end of the term.

· Coverage is issued instantly.

· No obligations or risk.

· Generally comes with a 30-day money back guarantee.

· No medical exam required.

· No lengthy paper forms to complete.

· Offers $50,000 to $250,000 of protection.

· Rates are guaranteed.

· Affordable rates.

· Terms are available for periods of 10, 15, 20 or 30 years.

· No waiting or follow-up is necessary.

· Easy to qualify.

· Underwriting is done instantaneously.

Even though no exam life insurance offers the exact benefits as a policy that does require a medical exam, this specific type of life insurance is not intended for individuals with serious health conditions such as:

· Mental disorders

· Psychological disorders

· Nervous disorders

· Cancer

· HIV

· AIDS

· Lung disorders

· Diabetes

· Stroke

· Heart Disease

· Liver disease

Since all life insurance companies differ in the rules governing their policies, and since laws vary from state to state, be sure to inquire about the restrictions pertaining to serious health conditions and no exam life insurance policies with a local insurance agent in your immediate area.

Besides the obvious reasons of convenience, there are a number of reasons why people choose to purchase no exam life insurance.  Some of these reasons include paying for future burial expenses, as well as being purchased as a children’s life insurance policy.

In order to see if no exam life insurance is right for you, you can obtain a free quote as well as information by contacting any life insurance agent, or by simply visiting the World Wide Web. When using the Internet, you will find much information concerning life insurance including agencies to buy it from, how much it costs, what different kinds of policies are available, and much, much more.