No Medical Life Insurance for the Sick

Life Insurance for the Sick

Do you have a medical condition that prevents you from getting an insurance policy? Traditional life insurance policies will decline applicants with a history of illness, however an insurance provider does not need to know about that illness with no medical exam life insurance. You can fill out a short form with a small amount of personal information and receive quotes from a number of companies providing life insurance without medical exams.  All applicants are eligible for “guaranteed issue” life insurance, even if you have no medical exams available on record.

Get Life Insurance and Get It Fast

Another benefit of guaranteed issue life insurance is that it is fast. If you have a serious medical condition, you should not delay in getting life insurance. With guaranteed issue life insurance there is no underwriting. All applicants, except those who live in a hospital or nursing home, will receive coverage so the company does not spend time deciding who receives coverage. A traditional underwritten life insurance application process takes 4-6 weeks while a guaranteed issue life insurance application process can be done in a matter of minutes. The catch here is that to offset the risk of a not having a medical exam, the premiums on these policies are much higher than regular insurance. But this is better than having no insurance at all, especially if you have a condition that is very expensive to treat.

We know that finding the right insurance policy is a very cumbersome and overwhelming process. You have to first find local insurance policies and then spend hours upon hours pouring over the details, and giving out your information to different insurance companies and agents. Even after doing all that work, you might still not get a satisfactory result. On top of this, for people who are sick, it is almost impossible to find a policy. Here are just some of the benefits of no medical exam life insurance:

Benefits of No Medical Exam Life Insurance

  • You can get insurance even with a medical condition.
  • All applicants except for people living in hospitals or nursing homes are guaranteed coverage.
  • Even though the premiums may be expensive, the huge cost of medical bills is offset.
  • The decision is made very quickly so you don’t have to wait for weeks to get your decision.