Life Insurance without Medical Exam for Fast Insurance Solution

Life insurance is one of the most favorite insurances. Compared to other types of insurance, it is much more important. That is why you need to have this kind of insurance. It is very easy to buy life insurance. Even more, there are some insurance companies that offer life insurance without medical exam. Of course, it is very interesting. Anyway, it has advantages and disadvantages. Anyway, if you are interested in it, this article will discuss about this kind insurance.

People Who Usually Buy Life Insurance without Medical Exam

There are many people who usually buy non medical exam life insurance. One of them is those who have white coat hypertension. They are ones who suddenly feel hypertension when they face medical tools and doctor. They will feel stressed when taking the exam even more the blood flow is not stable. Because it has bad impacts, they are allowed to have life insurance without medical exam. Even more, some other exams are also not held.

Besides that, people who are extremely busy also usually buy this life insurance. For example, you are a businessman who often goes abroad for business. Of course, you will not have much time to take the medical exam. So, life insurance without medical exam can be the best option for you. Then, people who need life insurance soon in a hurry also usually prefer this to the medical exam one. It is because the life insurance that requires medical exam will take longer time to complete the requirements. Considering that nowadays people are busy with their business, it is reasonable that this kind of life insurance is increasingly more popular.

The Requirements of Life Insurance without Medical Exam

Life insurance with no medical exam is simpler than the medical exam one. That is why some people prefer this one. In this insurance, there are some considerations that will be used. One of them is your current age. Besides that, your health history is also considered. Another consideration is your current income. Then, you can decide whether you will buy the life insurance without medical exam with whole of life insurance or term life insurance. You can choose based on your desire. Of course, the price will be different.

Life insurance without Medical Exam Vs with Exam

What are the differences between life insurance with medical exam and without medical exam? There is no difference between them related to the coverage. However, one of the greatest differences is on the requirements where the life insurance without medical exam is much simpler than another one. However, it will also be more expensive. Different ages will have different prices so that you should customize to your own age. Then, it is also easier to be approved because you will not take the exam, especially medical exam.

Types of Life Insurance without Medical Exam

There are many non medical exam life insurance types. The first is simplified issue term insurance. The lengths are ten, fifteen, and 20 years of the term lengths. The second type is simplified issue of universal life insurance where it can be applied for those who are from 21 years old to 65 years old. The next type of life insurance without medical exam is level death benefit whole life. It is similar to the previous one. The difference is that this life insurance can be applied for those who are over 65 years old and even 80 years old.

Besides that, there is also graded benefit of whole life insurance. It is one of the best offers with lifetime coverage. Consequently, the cost is certainly higher. However, it is still accepted even though you have ever had substance abuse, stroke, and diabetes type I. Then, the next type is rapid decision senior of whole life insurance. It is a life insurance special for those who are at the ranges of 65 to 85 years old. The last is guaranteed issue policies. This is the easiest life insurance even you will not be asked anything about your health history. That is why this life insurance without medical exam is commonly taken by those who are poor health.

How Long Does It Take?

So, how long does it take? It will be different depending on the insurance company and the process. Commonly, it takes about 2 to 10 days of the business days. Hopefully, this will be a useful reference. So, if you are interested in life insurance without medical exam, you can take it now.