Getting Life Insurance Without A Medical Exam

Life insurance is a financial cover available to the beneficiary in the event of the policyholder’s death. A person can opt for a life insurance no medical exam policy in case he/she does not wish to go through the inconvenience of such tests and wishes to get insurance fast.

Life Insurance No Medical Exam

Most companies do not offer life insurance without a medical exam. This is because a medical test validates a person’s health condition and safeguards the interests of the insurance company. A typical medical examination involves:

Life insurance is a financial cover available to the beneficiary in the event of the policyholder’s death. A person can opt for a life insurance no medical exam policy in case he/she does not wish to go through the inconvenience of such tests and wishes to get insurance fast.

Life Insurance No Medical Exam

Most companies do not offer life insurance without a medical exam. This is because a medical test validates a person’s health condition and safeguards the interests of the insurance company. A typical medical examination involves:

Blood test

Urine test

Blood pressure reading

Height and weight measurement

Series of questions related to a person’s medical history

These tests are designed to identify certain medical conditions, such as high cholesterol, diabetes, hepatitis, kidney disorders, immune disorders and HIV, which can affect the mortality of the person buying the policy.

However, some people find such medical exams cumbersome and strongly dislike going through them. Such people have the option of buying a life insurance no medical exam policy instead.

Life Insurance No Medical Exam: Benefits

A life insurance no medical exam policy has the following benefits:

One can buy this life insurance without having to go through a cumbersome medical exam.

This life insurance involves a simpler, less time consuming process.

There is no need to visit a doctor or call home a nurse. There are no appointments to be honored during one’s hectic routine.

Life Insurance No Medical Exam: Disadvantage

A life insurance no medical exam policy has the following disadvantages:

Typically the sum insured is lower for policies without medical tests than it is for policies with medical evaluation.

The rates applied to policies without medical tests are higher than they are for policies with medical evaluation.

A life insurance no medical exam policy is usually bought to supplement an existing cover, rather than providing basic insurance. There are chances of the policy being canceled if a person conceals his/her medical condition.