There is an Insurance policy without any Medical Required

You have probably wondered why every term life insurance company asks you for a physical exam for the underwriting process when you apply for a term life policy. The company?s reason is not rocket science. If the insurance company can verify your health status with a medical exam, then they can price your policy consistent with your actual life expectancy. Only consider, if you didn?t have to disclose if you are healthy or not, you would have a ton of people applying for term life insurance as soon as they found out they were sick! Because of this, every term life insurance company around would be out of business!!!

That being said a lot of companies require exams, some insurers are now offering life insurance without any medical examination required. It may be just a little bit more than a fully underwritten policy, but you don?t have the inconvenience of scheduling an exam, and the policy usually gets issued much faster as well!



Benefits of a No Medical exam Life insurance coverage

By applying for life insurance with no Paramedical Exam, typically all you have to do is answer some health questions. Gone is the requirement to make a scheduled appointment with a medical examiner or nurse, you don?t need to provide a blood or urine sample, and you may even avoid things such as having your blood pressure taken.

As with any type of coverage, all benefits are 100% tax-free and you've got a thirty-day period free look period in which you can reconsider.

A very important factor to make note of though, is that you absolutely must be very truthful in answering all the medical questions associated with the term life insurance application. If you don?t admit things like smoking, misstate your weight and height, or are misleading about any medical issues, you run the risk of having your insurance benefit challenged in the event of a claim.
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