There are literally several hundred different online companies that are offering term life insurance that does not require a physical examination. These no medical term life insurance policies may sound appealing when you first look at them, but it is absolutely vital that you read the fine print because not all no medical life insurance plans are created equally. Some no medical exam policies require that the applicants for this type of term life insurance pay higher premiums.
The applicant may even still be required to undergo a physical exam within one to five years after being qualified for the term life insurance policy. Pre Existing Medical Conditions and No Medical Life Insurance If you suspect that you may have a pre existing medical condition, or if you are unsure of what the results of a medical examination may be, it may be a wiser choice for you to try to apply for no medical life insurance which allows you to forgo the exam all together. Insurance carriers do tend to share information with one another, such as the Medical Information Board or MIB that passes around client information to prevent applicants from taking advantage of the system.
So if you apply with one term life insurance provider and are disqualified for the insurance, other local insurance companies will be aware of this and you will have difficulty qualifying for the term life insurance policy you seek. Unfortunately, the MIB can make it a lot more difficult for people to get high quality term life insurance. So if you are looking for well-suited term life insurance policies, rather than dealing with interested parties to find quotes for you, you can simply jump online and request quotes for no medical life insurance online. Applying for No Medical Life Insurance By applying online for no medical life insurance, you can greatly improve your chances of being approved for term life insurance. Without having to deal with an insurance provider face to face, you can greatly simplify the process.
Most websites offering no medical life insurance quotes allow you to apply quickly and easily, filling out the necessary information as well as a basic personal history and health history that will let the insurance provider know that you are in good health and have no pre-existing terminal conditions that would disqualify you from being approved for a no medical term life insurance policy. Fill out the necessary information, and in most cases you will be provided with information such as the type of policy you qualify for, what your premium will be and what steps are left to secure the policy. If you are approved, you should be able to print out your new no medical life insurance policy immediately, and your term life insurance will go into effect as early as the following day.
If you are not approved for the term life insurance you applied for, you should be able to contact the website providing the insurance policy and inquire why you were not approved. No medical term life insurance is a great option for a variety of different people. If you do not have a terminal illness and you are not living in a nursing home, you will probably be approved for a no medical life insurance policy. If you do not want to deal with a medical exam, or you simply want term life insurance as quickly and easily as you can obtain it, no medical term life insurance is a great option for you to consider.