Is there a life insurance policy considered as a no exam life insurance policy?
Shannon
San Antonio TX
Yes, there is a so-called no exam life insurance policy. However, since medical exam is not required on this type of insurance, the risk for the life insurance company is high so the premium is expected to be high as well. The no exam life insurance policy is referred to as “guaranteed” life insurance. With this type of life insurance policy, application process is fast, easy and simple so waiting is not needed and follow-up is not necessary. You can also renew the policy at the end of the term. There are no obligations or risk and the coverage is issued immediately. You can also avail a flexible payment plan. Aside from these, you do not need to complete lengthy documents. This no exam life insurance policy offers $50,000 to $250,000 protection. Although this no exam life insurance policy offers a lot of advantages, this policy does not apply to individuals with serious health conditions. Examples of these serious health conditions are mental disorders, AIDS, lung disorders, stroke, nervous disorders, psychological disorders, heart disease and liver disease. However, rules of life insurance companies vary from one company to another. For more information, you can still inquire with local insurance agent about these.