Life Insurance Without Medical: An Alternative Insurance Policy

As the name implies, this type of life insurance determines any insurability of an individual without the need of letting him or her undertake a medical or physical quiz. The rate of the insurance plan is generally based on the issue, age, and the overall fitness condition of the individual.

A few of the different types of life insurance without medical exams?

There are Many types of NO Health care LIFE INSURANCE:

• Guaranteed Issues: Guaranteed Acceptance Life Insurance: This kind of life insurance does not involve health problems and medical exams, thus safer to avail.
• Graded Benefits: Just like the Guaranteed Matter, this is a life insurance without medical exams or concerns and are ideally suitable individuals aging Fifty and above.
• Simplified Issues: No health care examination is called for, however an individual thinking of buying this life insurance will be required to answer some medical-related questions.

How quickly is it possible to purchase a no health check life insurance?

Since there’s no health-related or physical check-up involved, the usual turnaround time for a life insurance without a medical is usually quicker than with an everyday life insurance policy which could be the equivalent of four to six weeks to successfully process.

Why is a life insurance without medical exams pricier than a standard life insurance?

The velocity is generally an estimate of one's person’s life expectancy, which is difficult determine if no health related examinations and searching is involved. A real life insurance policy with no medical exams postures a much higher risk towards insurer and to counterbalance this risk velocity is raised a little higher than what a standard life insurance expenditures.

While these types of rules are more expensive than a typical policy, they also assistance provide insurance to those individuals who, due to age group or health issues, might not qualify for a standard life insurance plan.