Characteristics of the No-Medical Exam Life Insurance
While it is every company's policy to seek for a medical exam, some of the service providers offer insurance covers without medical examinations.
The no-medical exams life insurance is the type of insurance that is designed for individuals who for various reasons, and particularly medical reasons, have a difficult time obtaining insurance.
This type of cover is the simplest insurance available in the market, which seeks to offer coverage for many needs including final expenses.
The characteristics of the insurance with no medical exams include: · No medical exams The key feature of this type of policy is the obvious advantage of being without medical examinations.
Applicants do not have to undergo health screening as required by the standard policies.
This makes the policy very appealing for people who have previously been denied coverage or received high premiums as a result of pre-existing conditions.
People with diabetes, sleep apnea, high blood pressure, high cholesterol or even smokers can choose the no medical exam insurance to avoid higher rates.
If you are older and have a pre-existing health condition, you may consider the no examination insurance policy.
· Quick approval These types of policies can be approved within a short span of time.
This is not the case with the traditional policies where one has to wait for several weeks before their application is approved.
You are not asked to respond to questions about your pre-existing conditions and you are not required to verify the state of your health through an examination process.
Time does not have to be spent waiting for an examination opening, for a laboratory to process blood and the results as well as someone looking at those results.
These policies do not demand as much time.
This makes the whole process of obtaining insurance simple and fast.
With no examinations required, the policy can be approved and issued the same day the application was submitted.
· Affordable Although these types of policies are more expensive compared to the normal policies, they are affordable.
To get the best rates, you need to shop around.
This will give you an opportunity to find the right coverage from leading insurance companies available in the industry and at competitive rates.
No examinations affect the premiums - only the questionnaire will determine the premiums.
Therefore, factors like age, weight, length of policy and the activities you engage in (sky diving, smoking, etc) will determine how much you get to pay.
The no-medical exams life insurance is the type of insurance that is designed for individuals who for various reasons, and particularly medical reasons, have a difficult time obtaining insurance.
This type of cover is the simplest insurance available in the market, which seeks to offer coverage for many needs including final expenses.
The characteristics of the insurance with no medical exams include: · No medical exams The key feature of this type of policy is the obvious advantage of being without medical examinations.
Applicants do not have to undergo health screening as required by the standard policies.
This makes the policy very appealing for people who have previously been denied coverage or received high premiums as a result of pre-existing conditions.
People with diabetes, sleep apnea, high blood pressure, high cholesterol or even smokers can choose the no medical exam insurance to avoid higher rates.
If you are older and have a pre-existing health condition, you may consider the no examination insurance policy.
· Quick approval These types of policies can be approved within a short span of time.
This is not the case with the traditional policies where one has to wait for several weeks before their application is approved.
You are not asked to respond to questions about your pre-existing conditions and you are not required to verify the state of your health through an examination process.
Time does not have to be spent waiting for an examination opening, for a laboratory to process blood and the results as well as someone looking at those results.
These policies do not demand as much time.
This makes the whole process of obtaining insurance simple and fast.
With no examinations required, the policy can be approved and issued the same day the application was submitted.
· Affordable Although these types of policies are more expensive compared to the normal policies, they are affordable.
To get the best rates, you need to shop around.
This will give you an opportunity to find the right coverage from leading insurance companies available in the industry and at competitive rates.
No examinations affect the premiums - only the questionnaire will determine the premiums.
Therefore, factors like age, weight, length of policy and the activities you engage in (sky diving, smoking, etc) will determine how much you get to pay.
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