No Medical Exam Life Insurance Coverage Policy Facts

There are some people looking for a decent life insurance policy as they have been refused in the past. No medical exam life insurance can provide this for a wide range of people who have previously been refused coverage. Here are some facts on this type of policy.

Firstly it is important that it is understood that no medical exam life insurance means that when an individual goes to apply for this type of insurance coverage they do not need a medical exam. This type of insurance policy is designed for anyone and everyone who requires it.

Here are the main facts of no medical exam life-insurance

  • There is no need to go for a medical check-up as you will need to answer a preliminary questionnaire. It is important to answer this honestly as giving false information will lead to a claim not being paid out. The company will check your records that you have as well because they will need to decide on the level of cover you get. The reason is because some people are extremely high risk and others are very low risk. Either way it doesn’t matter you will still get some sort of policy cover.
  • The premiums are slightly higher than a regular life-insurance policy but you do get large pay outs and there is no refusal.
  • No medical exam life-insurance is ideal for those who want to get cover quickly and do not want to go for a medical check-up.
  • The best place to get the cheapest quote is to go online as you will be able to compare prices from many different companies.

These are just some of the facts of no medical exam life-insurance coverage. There are a rising number of companies now offering this level of coverage because it is actually more cost-effective for them to do so. Because there is no medical exam this cuts down their administration costs. No medical exam life insurance is growing rapidly as more people are becoming aware of the benefits of having it.

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