San Antonio Life Insurance
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Some people say that life insurance that does not require medical exam is not the best policy to go for. Before I turn my back on this type of insurance, can you tell me the advantages of term life insurance without medical exam? I live in San Antonio.
Garnet
San Antonio Texas
Some life insurance companies in San Antonio offer term life insurance without medical exam. This type of insurance is commonly called as ‘simplified life insurance.’ Its main advantage is that it is very convenient as you no longer have to deal with medical assessment exams, visits from medical personnel to ask you questions and at the same time put you into a battery of medical exams.
It is so convenient that you can even apply for a simplified life insurance online. You just need to answer a few medical questions and select the coverage you prefer online. If you answer the medical questions correctly, then you get approved.
Application for term life insurance without medical exam or simplified life insurance is like a do-it-yourself process. You can do away with dealing insurance agents or brokers. So if you are anti-social and you are not comfortable dealing with insurance agent, this will save you the hassle of having to deal with agents.
One downside of term life insurance without medical exam is its cost. It is expected that you will get a higher premium than the traditional life insurance. But, sometimes, the difference is negligible with the convenience you get from it. Some insurance companies’ premium rate for their simplified life insurance is comparable, just slightly higher, to the traditional life insurance.
Another downside is that you can only get limited coverage from simplified insurance. The most an insurance company will offer is $500,000. But this is not totally a disadvantage because you can always get additional life insurance coverage – maybe from a different life insurance company. As they would say, ‘It is not good to put all your eggs in one basket.’ Some people also like the idea of getting a small coverage so they can put the rest of their money on other types of investments or savings plan which prove to give higher value of returns.
Simplified life insurance can be viewed as limited type of insurance. So it’s best that you consider getting additional life insurance or other investment plans where your money is more flexible to grow in additional to your simplified life insurance.
How do I know that I am choosing the best Texas life insurance company? I’m thinking of switching insurers.
Dale
San Antonio Texas
Good question. Deciding whether you have the best Texas life insurance company (or any life insurance company) backing you up can be quite tricky. It would definitely help to have a few benchmarks or criteria to test and see if better coverage, pricing, or service is available elsewhere. Here is a guide to help you out:
Find out if Your Policy is Still Competitively-Priced
This is quickly and easily done by using one of the many life insurance comparison websites. Doing a life insurance rate quote search is free of charge and it only takes minutes to get the latest rates in the market. This should immediately tell you if you are over-paying on your life insurance policy. Doing a rate quote comparison also doubles as a way for you to find out which insurers are offering the best rates.
Find out How Well Your Insurer is Rated
Next, you want to see how well your Texas life insurance company ranks on other aspects or criteria when pitted against its competitors. An effective way to accomplish this is to use information coming from some independent rating agencies. Moodys, J.D Powers and A.M. Best are excellent agencies and offers free consumer information over their websites. You can even find out which companies are doing well per-state. Companies are ranked in different categories such as customer service, claims handling, billing and payments, financial stability and pricing. You can easily tell if your insurer is one of the best, or is just part of the rest.
How can I purchase a term life insurance the quick and affordable way?
Johann
San Antonio Texas
Life insurance is among life’s basic necessity. As a matter of fact, most insurance companies are now doing their best to make it a simple and easy process to any policy holder. The purchase of a term life insurance without medical exam is an example to this quick method.
There are quite a lot of individuals who are not comfortable with needles, don’t want to undergo any medical tests or just cannot wait for several months for their application to be processed by a life insurance company. Some even put off getting a life insurance because they don’t have the inclination for a medical exam. Fortunately, there is now a quick and easy way for you to get a term life insurance without medical exam. By going online, you can literally get hundreds of quotes and coverage of it. In fact, you can still qualify yourself for coverage even if you smoke or are on a medication.
Many individuals opt for a term life insurance without medical exam because it’s quick, easy and affordable. Shopping for it does not have to be difficult and time consuming. The Internet is such a very rich source of information. From one screen you already have a wide access to a variety of online term life insurance quotes. In fact, most online insurance companies provide these quotes for free. Term life insurance quotes may vary from one insurer to another so you must pick at least 10 quotes for you to compare.
You can instantly get a policy online in just a matter of minutes. You only have to fill up an application form and answer a few health questions. If qualified, you can choose from a range of $25,000 to $500,000 of coverage. Your insurance protection starts at that same day you applied online and get accepted.
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.