Life Insurance With No Physical Exam
Life insurance with no physical exam requirement is an option available through some insurers and which can be found online through the Internet. The Internet hosts thousands of insurers who are vying for customers in a very competitive market. A life insurance policy that does not require a medical exam is one that is extended to the insured based on what the insured says about his or her health upon the consumer's most recent medical records. There are restrictions and these types of policies. To get the best information and to evaluate is the policy is right for the financial security of a family, individuals should various plans available.
As life insurance premiums have dropped in the ever-increasingly competitive market, the opportunities for policy not requiring health exams has become more plentiful. The competitive climate of agencies advertising online has providers getting creative with means to gain customers or clients. The simple act of requiring an applicant to schedule and get a physical is enough to deter potential clients due to the inherent hassles. To make obtaining applying for a policy even easier, many companies offer life insurance with no physical exam required. As an alternative, applicants are asked to fill out a health questionnaire, and there will be consequences for any false reporting on pre-existing conditions.
The greater ease with which consumers can apply for this type of plan is balances by the limits that are occasionally place on benefits. Consumers looking for a life insurance with no physical exam are cautioned to understand what the policy truly offers in financial security. Often, the amount of insured death coverage is small or extremely limited. Also, life insurance with no physical exam rates tend to be higher than policies that require an exam by a trained professional. There can also be a waiting period on these policies, meaning that any death within the first year or two, depending upon the exact terms of the policy, due to a pre-existing condition may not be covered.
Life insurance is an absolute necessity for anyone who has dependents or others who depend on them for care and income. Individuals in the market for a policy need to speak with agents and professional advisors. Getting the facts about various plans can guide all family members making financial contributions to the over-all income an idea of what life insurance packages will best suit the family. We are to ultimately trust in God for all of our needs and cares. The Bible teaches us to lean on His sovereign plan for a complete peace about the future. "Trust in the Lord with all your heart; and lean not unto thine own understanding. In all thy ways acknowledge him, and he shall direct thy paths." (Proverbs 3:5-6)
A low cost life insurance with no exam can be obtained with the purchase of a basic term life policy for up to thirty years with a reputable company. These types of plans are becoming more popular with the use of Internet technology increasing the sale of policies by over 35%. The risk assumed by enrollees is that if they were to die within their term policy from an ailment; and that ailment was a pre-existing medical condition diagnosed before the purchase of the policy but not disclosed on the original policy enrollment form, the beneficiary does not get the insurance funds because the falsified information voids the low cost life insurance with no exams policy.
It is critical for individuals to understand that the risk of falsified or undisclosed medical history falls on the policyholder, not on the insurer. Low cost life insurance with no exams can grant an instant quote for those that are interested in receiving more information, especially financial information, as it pertains to the purchase of a policy. Term low cost life insurance with no exam differs from whole life insurance in that term plans can only be offered for a maximum of thirty years. While term plans are much more affordable than their whole or universal plan counterparts, they do not accrue equity and do not offer the benefit of retirement investment of the premiums.
Term plans are best suited for individuals on a budget who need coverage for a certain time in their lives, such as child raising years, and who have other retirement investments in place. Those interested in researching low cost life insurance with no exam policies should check with the BBB or Better Business Bureau for a customer satisfaction rating. The Better Business Bureau rates businesses based on customer reviews and complaints. If the company considered has an "AAA" rating, it is a safe bet that the customer will be satisfied with the policies offered by the agency.
Christians interested in purchasing a policy should carefully consider their motivation for such a purchase. A large concern about the purchase of insurance is that it shows a lack of faith in God to provide for His people. While the Bible does not identify specifically whether the purchase of insurance is right or wrong; it does lend an example of being prepared for future disaster and famine. "And let them gather all the food of those good years that come, and lay up corn under the hand of Pharaoh, and let them keep food in the cities. And that food shall be for store to the land against the seven years of famine, which shall be in the land of Egypt; that the land perish not through the famine." (Genesis 41:35-36). Those who have dependents or others who depend on them for care and income should consider purchasing a low cost life insurance with no exams policy.
Guaranteed Issue Life Insurance RatesGuaranteed issue life insurance rates are marketed primarily to the elderly because the coverage requires no medical exam and no medical questions, making it the easiest type of policy to obtain. Policyholders just send in the money and are covered. But there are several things to think about, including the cost and fraudulent activity. If the potential policyholder looks carefully at these two factors regarding a guaranteed issue life insurance rate, the chances of getting a good deal with a great company will increase.
When looking at the current costs of this type of coverage, consumers need to pay attention to the amount that they are going to pay out. Many people do not want to get a guaranteed issue life insurance rate because they have high premiums and a low pay out in the end. The problem with these types of policies is that they are set to only cover the funeral expenses. This means that their guaranteed issue life insurance rates are not going to pay out more than $15,000 and the policyholder will have paid a large amount in premiums during this time. This is why it is not wise to get the coverage unless it is absolutely necessary.
These insurers can also be involved with fraudulent activity. Sometimes companies will have consumers sign something on their death bed that will not result in a pay out. Before looking at guaranteed issue life insurance rates, consumers need to understand the possibility of this going on. When looking at this coverage, individuals need to pay a lot of attention to what the insurer is willing to offer. A guaranteed issue life insurance rate can appear better than it is; the consumer just has to do adequate research.
Finally, when deciding to get a quote, the most important thing is looking through all of the options to choose what is best for oneself. Consumers should not get this unless it is absolutely necessary because it will cost more money than typical life insurance policies. Choosing a good company for a guaranteed issue life insurance rate can ease the burden, though. Individuals should ask friends and family what insurers they recommend so that they can find some relief in a time of unease. In the end, the best decision is to trust in Christ and hand Him the faith that will make things right. "And not only so, but we also joy in God through our Lord Jesus Christ, by whom we have now received the atonement" (Romans 5:11)
Guaranteed life insurance policies are available on the Internet. There are many choices on types of coverage regarding life insurance. Guaranteed term life insurance may include a waiting period before full coverage is available. Research insurance providers online and find out the specific details before signing up. Guaranteed policies only provide coverage for a specific period of time. There are polices that offer whole life coverage. This coverage will cover the insured for their entire life. Some whole life polices offer cash value and loan value that can be borrowed against.
Guaranteed life insurance for whole life coverage never change and the benefits never change. It is possible to qualify without a medical exam. Cancellations will not happen because of health changes or age. As long as premiums are paid timely coverage is guaranteed. Universal guaranteed life insurance is best to consider when purchasing larger amounts of insurance. Universal life insurance is a blend between whole life and term. This plan includes interest rate benefits that build greater cash value and need be considered before making a long term purchase. Universal life insurance usually offers lower premiums than whole life.
Guaranteed term life insurance offers lower premiums with coverage up to the age of 95 years. Benefits may be used to cover burial expenses. A policy is usually purchased to cover up to a certain amount of years. Consider purchasing term life insurance to help cover a high debt obligation such as a mortgage. Some term life policies will allow conversion to a whole life policy. Another consideration for guaranteed life insurance might be a burial policy. Burial policies in most cases are purchased to cover burial expenses only. Most seniors usually qualify for burial policies with low costs plans.
Online purchases of course vary depending on the insurer. Some companies offer guaranteed term life insurance that requires limited medical history and no exam necessary. Still others have conversion benefits based upon employment termination. Additional benefits might include waiver of premiums if terminally diagnosed and death usually results within 1 year. Becoming totally disabled will allow for waiver of premiums on a guaranteed life insurance policy. Some insurance companies also offer counseling services to the bereaved. Many offer this service to its members at no additional costs. "And he changeth the times and the seasons: he removeth kings, and setteth up kings: he giveth wisdom unto the wise, and knowledge to them that know understanding." (Daniel 2:21)