3 Tips to Get Term Life Insurance Without Medical Exam

images4The purpose of life insurance is to cover the cost of your funeral and burial expenses. However, you may also want to provide your family with an additional sum of money for financial security. In either case, picking the right life insurance is important. The rates you pay are based on actuarial tables (by age) and on the results of a physical exam. Thus, obtaining a term life insurance without medical exam policy can be a good option for older people or people with health problems that do not want to pay higher premiums. Here are three useful tips for getting no exam term life insurance:

Know what no medical exam life insurance means.

You do not have to undergo a medical examination, which typically includes blood work, a physical, an EKG, a urine specimen and an X-ray. Neither will you have to wait for the insurance provider to review the results. You do, however, have to answer some basic questions about your health, habits such as smoking or any medical problems. These questions are used to determine your risk level.

Investigate no medical exam life insurance providers.

Call local life insurance providers. Ask them if they have no medical exam life insurance policies. And of course, search online. Since there is no medical examination needed, you may be able to obtain life insurance with an online insurance provider or insurance broker. Select the no medical life insurance policy that fits your needs and price range. The life insurance providers offer insurance in permanent and term life.

Choose the best quote.

Complete the application process. You may have to wait for the life insurance provider to review your application. Accept the life insurance provider’s quote. The provider may have specific instructions such as signing documents and/or sending in a premium payment to activate the policy.

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