No Medical Exam Life Insurance Coverage Facts

Many people do not know the benefits of no medical exam life insurance. Here is an explanation of what it is and how it can help you.

There is growing discrimination in the life insurance industry in which a lot of people who have suffered from a serious disease or are reaching their senior years are now not able to get the decent level of coverage. This has led to a large proportion of people now not being insured and facing the possibilities of leaving their loved ones with unpaid bills and funeral fees.

This is where no medical exam life-insurance comes into play. It is specifically designed with these people in mind as there is no medical exam for them to take. This means that there are basically zero chances of them being turned down for a life-insurance policy. Here are some of the facts of no medical exam life-insurance coverage.

  • Practically anyone is accepted on to the policy and there are no examinations by doctors. This means that if you have an underlying medical condition or have suffered from a disease in the past even you will be accepted.
  • If you are in your senior years you have probably found it hard to get an insurance policy. No medical exam life-insurance will accept you no matter what your age is and you will get a decent lump-sum pay out.
  • You are given a choice of premiums to select from and depending on the lump sum you choose will determine how much you pay in premiums. But one thing you are guaranteed is that you will get a payment in the event of you dying meaning that your family will be taking care of.

These are just a few of the features of no medical exam insurance coverage and if you have been refused a policy recently and fall into the categories mentioned here then it is advisable that you make contact with your local company as quick as possible. This means that when you pass away you can have peace of mind that your family will not be left with the burden of any large funeral costs.

Posted by on Feb 28, 2012 in Blog | 0 comments