Life insurance is one of the most favorite insurances. Compared to other types of insurance, it is much more important. You need to have this insurance. It is very easy to buy life insurance. There are some insurance companies that offer life insurance without medical exam. It is very interesting and it has advantages and disadvantages. If you are interested, this article will discuss about this insurance.
People Who Usually Buy Life Insurance without Medical Exam
There are many people who buy non medical exam life insurance. One of them is those who have white coat hypertension. They are the ones who feel hypertension when they face medical tools and doctor. They will feel stressed when taking the exam even more the blood flow is not stable. So, they are allowed to have life insurance without medical exam because it has bad impacts. Some other exams are not held.
People who are extremely busy will be buying this life insurance. For example, you are a businessman who often goes abroad for business. You will not have much time to take the medical exam. Life insurance without medical exam can be the best option for you. People who need life insurance soon in a hurry will be prefer this to the medical exam one. The life insurance that requires medical exam will take longer time to complete the requirements. People are busy with their business, it is reasonable that this life insurance is more popular now.
The Requirements of Life Insurance without Medical Exam
Life insurance with no medical exam is simpler than the medical exam one. Some people prefer this one. There are some considerations that will be used. One of them is your current age. Your health history is considered. Another consideration is your current income. You can decide whether you will buy the life insurance without medical exam with whole of life insurance or term life insurance. You can choose based on your desire. The price will be different.
Life insurance without Medical Exam Vs with Exam
What are the differences between life insurance with medical exams and without a medical exam? There is no difference between them related to the coverage. One of the greatest differences is on the requirements where the life insurance without medical exam is much simpler than another one. It will be more expensive. Different ages will have different prices. You should customize to your own age. It is easier to be approved because you will not take the exam, especially medical exam.
The Types
There are many non medical exam life insurance types. The first is simplified issue term insurance. The lengths are 10, 15, and 20 years of the term lengths. The second type is simplified issue of universal life insurance. It can be applied for those who are from 21 years old to 65 years old. The next type is a level death benefit whole life. It is similar to the previous one. The difference is that this life insurance can be applied to those who are over 65 years old and even 80 years old.
There is graded benefit of whole life insurance. It is one of the best offers with lifetime coverage. The cost is higher. It is still accepted even though you have ever had substance abuse, stroke, and diabetes type I. The next type is a rapid decision senior about whole life insurance. It is a life insurance special for those who are in the ranges of 65 to 85 years old. The last is guaranteed issue policies. This is the easy life insurance even you will not be asked anything about your health history. This life insurance is taken by those who are in poor health.
How Long Does It Take?
So, how long does it take? It will be different depending on the insurance company and the process. It takes about 2 to 10 days of the business days. This will be a useful reference. If you are interested in this life insurance, you can take it now.
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