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Article by David Livingston

Owning a life annuity is what most people long for in insurance. This gives every insurer the protection and security for his daily activities. With an instant term life annuity, he has the assurance that his family will get the support needed if he passes away. A certain amount of cash will be given to the immediate beneficiary if the insurer dies during the term of the life annuity. The beneficiary may either be the spouse, child, relative, or a friend. The cash benefit will be claimed with the proper documents presented by the beneficiary.

Instant term life annuity is the best option and widely accepted choice amongst people as they offer very low interest rates. People who work on wage earning jobs can also get this kind of insurance policy, apart from the fact that they have to clear the requirements. The first step is to undergo medical test and the test results are further analyzed to determine the type of insurance needed for the individual. The next step is to analyze the wage earning potential of the insured. This is critical as the policy premium is charged monthly and the insured’s ability to pay monthly premium is important point to consider providing insurance.

When one or both the steps do not result in favor of the insured, he/she may not get instant term life annuity. If one has the wage earning potential to pay more towards premiums, there is a slight possibility of getting it provided the applicant has a good medical exam report to support. If medical tests are not cleared, it is extremely difficult to get instant term life annuity. There is another type of insurance that he has to get and be happy with. It is called life insurance no exam.

Life insurance no exam is slightly on the higher end towards premium charged than that of instant term nevertheless they have the same benefits. Here, medical examination is not a must. However, the ability of the insured to pay premiums is analyzed and agreed before the application is processed. Upon completion of the term of the life insurance, the insured has the choice of renewing his policy to an even better life insurance policy. Point to be noted is that the premium charged will be comparatively high the next time.

Every insurer is entitled to his own decisions. He may continue with the renewal without taking a medical examination or he may choose another type that he wishes and go on with the normal processing.

People ideal for life insurance no exam:1. People who have not cleared the medical necessities of a term life insurance.2. People who have the habit of smoking, however does not quit smoking.3. People with poor driving habits and past records.4. People who do not want to take up medical examination.5. Those who just want to take up life insurance no exam only.

To begin with the process of getting life insurance, one must first get to the basics of understanding their needs. This can be made possible with the help of finding out from your friends on how to go about applying. The information you gather from your friends will be the starting point of getting the insurance of your choice. Next step is to browse the website with all the queries you need clarification on. These days anything and everything is available online. Information available from the net can be trustworthy and easy to use.

The information you find in the internet, can be made use to generate instant term life insurance quotes. Ensure that you use these quotes to determine the ideal choice for your need of insurance. Obtain many quotes from many carriers as they are provided free of cost. Once obtained you then have to compare the information gathered from various insurance carriers. Choose the one that matches your need completely on all aspects of the insurance policy.

If you can spare enough time to apply personally, go and visit the life insurance office near your place and inquire inside. All your questions will be answered by the life insurance representative. If you are satisfied with the representative’s explanations, you may apply on the spot and take the medical examination. It is always encouraged to bring all the necessary documents for instances like this.

Get ready to apply for an instant term life insurance now. It is ideal that you decide to find out whether you are in state where you would be able to get life insurance or not. Also, you will be able to know the correct choice of insurance that matches your lifestyle. If you want to get low cost life insurance, ideally you should be young and healthy.

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Article by David Livingston of EQuote.com, a website with the best

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