When you first find out that each company that sells term life insurance is different, you may be pleasantly surprised. This means that there are companies that offer term life insurance with medical exams and companies that offer term life insurance with no medical exams. These term life insurance companies do not make potential policyholders go through any kind of medical exam before they can buy the insurance they need. This means that you can find the best low-cost term life insurance plan without having to get a physical or any other kind of medical exam. There are not going to be any term life insurance companies that offer this very useful type of no medical life insurance, but there are some that do, and you might be surprised by how many you can find.
How to Choose a Provider of Term Life Insurance
Whether or not you can actually get a no-medical-exam term life insurance plan depends more on which term life insurance company you choose when you buy your policy. Every company that sells term life insurance has its own rules about whether or not you have to go through a specific medical or physical exam before you can buy a policy. Most of these requirements are based on the underwriting rules that each term life insurance company has, which vary a lot from company to company.
Why Doesn't Medical Term Life Insurance Exist?
Many companies that offer term life insurance require a medical exam because term life insurance is often chosen by people who are already sick or who are expected to die within a certain amount of time. Insurance companies that don't want to have to pay out to these people will require a medical exam before people can buy insurance. This will weed out people who are already sick. This is another important reason to buy no-medical-exam life insurance, especially if you are already sick, getting older, or are expected to die soon. No medical term life insurance is a good choice for anyone, healthy or not, who only needs life insurance for a certain amount of time. Check out http://www.equote.com/li/nomedicallifeinsurance.html to find out more about no medical term life insurance.
Are you looking for ways to get term life insurance without a medical exam? There are many different companies that offer term life insurance, and some of them may or may not require an exam. The best way to figure out which ones to go with is to just ask around. Contact as many term life insurance companies as you can until you have a small list of potential companies that offer no medical life insurance. Before you sign anything or make a purchase, you should always look into as many different options as you can. If you don't, you might regret it later if a better, cheaper policy with more coverage comes out. Visit http://www.equote.com/li/termlifeinsurance-quote.html to get a quote for term life insurance right away.
Before you sign up for anything, make sure you know what you're getting into. Even if they don't need a physical or medical exam, some no medical term life insurance companies require a urine sample or a blood test. You can also use these samples to find out what medical conditions you already have, even if you don't know about them. Companies that sell term life insurance are good at protecting themselves from possible risks. Just in case, you need to be ready for this. Before you sign up for anything, find out what kinds of tests your potential insurance company will want you to take.
