Is Life insurance no exam a reality

About a decade ago, buyers had to contend with a limited number of choices as far life insurance coverage was concerned. But today the evolving market and growing customer needs and demands have compelled the insurance establishments to offer a host of options that live up to the requirements of the most discerning buyers. A few years ago a medical examination was mandatory to procure a life insurance coverage, but times have changed and it is now possible to get life insurance coverage without subjecting yourself to the gamut of medical tests. So yes life insurance non exam is a reality today.

The process of procuring Life insurance no exam is significantly less time consuming and easier. Of course, where there are advantages there are bound to be disadvantages as well. Even though life insurance no exam means that you will not have to answer the barrage of health related questions and you will not have to go through the dreaded blood or urine tests; life insurance no exam can equate to higher premiums. But if you are one of those people who sees the medical exam as a hurdle; this may be the right type of policy for you.

But getting a medical examination done can lower your life insurance cost conspicuously because you will be eligible for lower rates and bigger discount once the insurance company is sure about your health condition. On the other hand, the unwillingness to go for a test is interpreted by the insurance company as a way to conceal a known health condition that may cause the application to be declined. So in anticipation the insurance company will tag you as a high risk customer, consequently raising your premiums.

However, if you are averse to the idea of a slightly invasive medical exam you could opt for a life insurance no exam and get the relevant quotes from one of the several third party sites. Even though the rates will be higher as a matter of fact; it may be worthwhile to compare them to get the lowest rate in the category. Simply look for companies that offer life insurance no exam online. You need to ensure that you are choosing a reliable establishment because you will be entrusting them with a lot of money and you don't want them to disappear when they are needed the most.

Au contraire, to the popular conception, life insurance no exam is certainly not a way to get life coverage if you have been diagnosed with a serious medical condition. Even though you are not expected to undergo a medical examination, you will be asked health related questions in the application form and you will be expected to divulge all the information, concealing facts will be treated as an act of fraud and may result in the denial of your claims.