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How do you obtain Life Insurance with No Exam’s is that possible?
Well apparently it is possible to get a Life Insurance policy without having to take the traditional para medical exam. Which is basically a blood draw and urine sample. The rates will be higher but you could save a month to three in the underwriting process.
Term Life Insurance with No Exam are types of policies that do not require you to have an exam to get formal offer from the carrier.The process is you will fill out an application and answer fairly typical health questions. |
Advantage’s vs. Dis-Advantage of No Exam Term Life Policies
Advantages:
- Policy could be issued in under half an hour
- No Para Medical Exam is needed for completion
- Great if you have slight health impairments (like arthritis)
- If you have MIB hits that other insurance companies have submitted you’ll know quickly
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Disadvantages:
- Premiums will be higher than fully underwritten policy
- Face Amounts are limited, some carriers will go as high as $300,000
- You don’t get a free exam paid by the life insurance carrier
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