Tag Archives: Exam
Basics of Life Insurance No Exam Policies
Article by David Livingston
Costs, sum insured, insurance premium, medical tests are a few things that everybody looks out for when they want a life insurance policy. It’s not so simple to get a life insurance policy, everything does not only happen on paper with just a sign. Before giving the policy the insurance company arranges for a medical check-up, just to know about the person’s current health. It is not mandatory for all the policies as there are some insurance policies that do not require a medical examination. Alternatively you will be asked some health related questions, sounds too simple but make sure that you read between the lines. At times the terms and conditions get neglected.
The bonus of having insurance without medical exams is that it prevents you from the tiresome medical tests and you get the policy sooner. To top it you don’t even need to experience any painful needles. Anyways let’s not only concentrate on the advantages of the Life insurance no exam policies. The first drawback that we can count upon is the sum insured that is often less than that of any regular life insurance policy. Usually the range of the insured sum s restricted from ,000 to 0,000. It’s not only this but the insurance rates are also higher when compared to other policies.
For the ones who want a temporary insurance policy term life insurance is the best. Though they ensure you a financial stability but they do not congregate cash at the end of the term. Looking for more information’s about term life insurance cost? You can opt for a life insurance agent or log on to the Internet for the research. These days lot of online quotes are also available but you need to fill a questioner before getting the access to these quotes and term life insurance cost calculators will calculate about the best options that you can have. Some questions that are to be answered are as follows :
# Your state#Date of birth#Gender#Usage of tobacco products#Weight#Height#Length of term#Coverage amount#Return of premium
It is you who has to decide upon the cost of the term life insurance and it is not difficult. It involves a simple calculation. Multiply the exact amount that you earn in a year to 15 and the product is insurance coverage that you need.
Everyone wishes for a good term life insurance policy but if you can’t afford it then just reduce the term life insurance cost and still get good benefits. Young individuals get the advantage of lower premiums on the term life insurance policy so one should not wait for too long and get the policy at a young age itself. The amount of life insurance premiums gets reduced by lowering the term of the term life insurance and it overall reduces the insurance cost.
When you are selecting a term life insurance, make sure to compare the term life insurance quotes of more than two life insurance companies. Due to increased competition in the life insurance sector, many life insurance companies are offering discounts and rate cuts. When you call up a life insurance company, the phone executive can answer all your questions related to life insurance. However, if the conversation takes a longer time, it is advisable to call for an insurance agent from that same insurance company.
Most insurance companies are offering free advice when it comes to life insurance. The life insurance company agent will call you up and fix an appointment with you. Make sure to give him or her your exact contact details to avoid any confusion. There only one major drawback of calling upon an insurance agent who is attached with only one insurance company. The drawback is that you will get the quotes of only one company and you cannot compare it with the quotes of other insurance companies.
It is always advisable to consult an independent insurance agent because they give the quotes from multiple companies. One bonus point that makes everybody go for an independent insurance agent is their aptitude to give you a better deal because of the increased competition.
About the Author
David Livingston has been involved in the insurance industry for a long time and is considered to be one of the leading expert in this industry. For more information on how to get affordable life insurance or getting life insurance quotes, visit his site today.
Life Insurance No Exam: Makes Every People To Get Approval For Life Insurance
Many people were rejected for life insurance, the main reason for the rejection is their health problems. But many insurance companies has solved this problem by an option called life insurance no exam which provides the insurance policy which they have applied for.
The main requirement of applying for life insurance is the medical records or a proof of the present health condition of a certain applicant. The applicant cannot be able to continue with his insurance application if he fails the medical requirement. If he fails he will be offered with insurance no exam with higher premium rates but the insurer should be able to sustain with the additional expenses.
Insurer should always be aware of this new commitment which lasts for a long time. He should settle his accounts according to the signed agreement by following the rules and regulations of the insurance company. If the insurer fails to pay the insurance company on the specified date he will be fined with penalties. May be the penalty is fewer but it is considered as an additional expense, why do we want to spend money unnecessarily.
The insurer with life insurance no exam option will continue to pay higher insurance rates throughout the end of the term. These higher rates are because of the higher risk of a sure grant of the claim. Since the insurers do not undergo any medical examination and the insurance company was not aware of true health condition of the insurer the insurer needs to pay higher rates for the policy.
Here are examples of individuals who can get hold of a life insurance no exam
-People who have certain health condition and don’t want to take the medical exam.
-Peoples who plays adventures games and possess dangerous jobs may not get term life insurance due to increased risk
-For drivers who have poor driving records are also offered for this type of life insurance
-For smokers who smokes at present will also be offered for no exam because they are more likely to get lung diseases or cancer if they continue to smoke.
To keep people from acquiring a life insurance no exam, they should maintain a healthy body. Physically fit people can acquire a cheaper type of life insurance. These healthy people have a high chance of finishing the term because of acquiring a physically fit body.
Mostly, young people get hold of life insurances with lower rates. Because of the high chance of outliving the term, these young individuals can still afford to acquire another life insurance term after ending the previous one. This way, companies offer them a better type for a new term.
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It is natural that people always go with lower costing or cheaper expenses. Term life insurance offers a cheaper insurance quotes and this is popular because of its lower insurance rates that do not change until the end of the term. If the insurer finishes the term it provides greater benefits like whole life insurance possessing greater benefits. Even some are provided with cash build-up so the insurer can pay it for the other expenses.
It is better to look for cheap life insurance rates in the internet. It is fast, more accurate and very comfortable. There are many sites to search for lower costing life insurances. Just be patient in looking for them. While searching for your concerns, you may encounter many sites that offer quotes. These quotes help speed up the selection of which type is fit for an insurer. It generally considers the person’s capacity to pay for a long period.
Many people were rejected for life insurance, the main reason for the rejection is their health problems. But many insurance companies has solved this problem by an option called life insurance no exam which provides the insurance policy which they have applied for.
The main requirement of applying for life insurance is the medical records or a proof of the present health condition of a certain applicant. The applicant cannot be able to continue with his insurance application if he fails the medical requirement. If he fails he will be offered with insurance no exam with higher premium rates but the insurer should be able to sustain with the additional expenses.
Insurer should always be aware of this new commitment which lasts for a long time. He should settle his accounts according to the signed agreement by following the rules and regulations of the insurance company. If the insurer fails to pay the insurance company on the specified date he will be fined with penalties. May be the penalty is fewer but it is considered as an additional expense, why do we want to spend money unnecessarily.
The insurer with life insurance no exam option will continue to pay higher insurance rates throughout the end of the term. These higher rates are because