An Increase in Life Insurance Without Medical Exams

Life insurance providers have been reporting a steady increase in people searching for life insurance coverage without providing medical exams, especially in the senior citizen sector. Even with high premiums, more people are opting in to no medical exam life insurance.

Life insurance providers have been reporting a steady increase in people searching for no medical exam life insurance. The industry has mainly seen an increase in the senior age groups and on occasion the premiums may offer savings over regular policies. What makes no medical exam life insurance so attractive to this demographic?

No exam life insurance is a fantastic policy available to anyone who has suffered from a near fatal disease that could cause unexpected death. In most cases an insurance company will want to have a potential customer examined by a certified doctor, in order to check whether they have any underlying conditions or family history of disease such as heart attacks and cancer. In most cases no coverage will be offered as they are considered high risk.

Over the recent years a new policy has been created and it is called a no medical exam life insurance premium. What this means is that a potential customer will not need to undergo the stringent medical exams that are required to gain life insurance coverage.

This has also opened up the barriers for senior citizens who found it extremely hard to get coverage as they get older due to them posing a higher risk of death, known in the insurance business as impaired risk. Although coverage can be found, it is usually at a considerable premium and the pay outs are not as generous. Life insurance with no medical exam has put an end to this type of discrimination and has attracted a large number of previously considered uninsurable candidates to be awarded coverage that was previous unattainable.

If you are looking for life insurance with no medical exam then the best place to find the cheapest premiums is to go online. You will be able to get quotes, compare prices and different levels of coverage to suit your lifestyle and budget. Make sure you get covered for the unexpected so that you do not leave any loved ones with the burden of funeral costs and medical bills.

Posted by on Jan 24, 2012 in Blog | 0 comments
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